Austerity

Reeks: What is Political Economy?

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  • Austerity
  • has
  • been
  • at
  • the
  • center
  • of
  • political
  • controversy
  • following
  • the
  • 2008
  • financial
  • crisis,
  • invoked
  • by
  • politicians
  • and
  • academics
  • across
  • the
  • political
  • spectrum
  • as
  • the
  • answer
  • to,
  • or
  • cause
  • of,
  • our
  • post-crash
  • economic
  • malaise.
  • However,
  • despite
  • being
  • the
  • cause
  • of
  • debate
  • for
  • more
  • than
  • three
  • centuries,
  • austerity
  • remains
  • a
  • poorly
  • understood
  • concept.In
  • this
  • book,
  • Suzanne
  • J.
  • Konzelmann
  • aims
  • to
  • demystify
  • austerity
  • as
  • an
  • economic
  • policy,
  • a
  • political
  • idea,
  • and
  • a
  • social
  • phenomenon.
  • Beginning
  • with
  • an
  • analysis
  • of
  • political
  • and
  • socioeconomic
  • history
  • from
  • the
  • seventeenth
  • century,
  • she
  • explains
  • the
  • economics
  • of
  • austerity
  • in
  • the
  • context
  • of
  • the
  • overall
  • dynamics
  • of
  • state
  • spending,
  • tax,
  • and
  • debt.
  • Using
  • comparative
  • case
  • studies
  • from
  • around
  • the
  • world,
  • ranging
  • from
  • the
  • 1930s
  • to
  • post-2008,
  • she
  • then
  • evaluates
  • the
  • outcomes
  • of
  • austerity
  • in
  • light
  • of
  • its
  • stated
  • objectives
  • and
  • analyzes
  • the
  • conditions
  • under
  • which
  • it
  • doesn’t
  • and
  • occasionally
  • does
  • work.This
  • accessible
  • introduction
  • to
  • austerity
  • will
  • be
  • essential
  • reading
  • for
  • students
  • and
  • scholars
  • of
  • political
  • economy,
  • economics,
  • and
  • politics,
  • as
  • well
  • as
  • all
  • readers
  • interested
  • in
  • current affairs.
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