Between 1926 and 1938 he published, in three volumes, An Economic History of Modern Britain.[2][3] He is also recognised for his study of the Industrial Revolution in England, and for describing cooperatives in the initiation of the revolution. He is also remembered for his 1944 The Bank of England, A History.[4] He was a founder of the Cambridge Historical Journal.[5]
Welsh economic historian Sir John Habakkuk was one of his students.[6] One of Clapham's more notable quotations is: "Economic advance is not the same thing as human progress".[7]
Clapham's son was the printer and industrialist Sir Michael Clapham.