Austerity

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Austerity

Author : Mark Blyth
Publisher : Oxford University Press
ISBN 13 : 0199389446
Total Pages : 305 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Austerity by : Mark Blyth

Download or read book Austerity written by Mark Blyth and published by Oxford University Press. This book was released on 2015 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected as a Financial Times Best Book of 2013 Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we austerity for what it is, and what it costs us.

Austerity

Author : Alberto Alesina
Publisher : Princeton University Press
ISBN 13 : 0691208638
Total Pages : 290 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Austerity by : Alberto Alesina

Download or read book Austerity written by Alberto Alesina and published by Princeton University Press. This book was released on 2020-12 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revealing look at austerity measures that succeed—and those that don't Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. Bringing needed clarity to one of today's most challenging economic issues, three leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many. Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt, shows that austerity is not necessarily the kiss of death for political careers as is often believed, and charts a sensible approach based on data analysis rather than ideology.

The Body Economic

Author : David Stuckler
Publisher : Basic Books
ISBN 13 : 0465063977
Total Pages : 242 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Body Economic by : David Stuckler

Download or read book The Body Economic written by David Stuckler and published by Basic Books. This book was released on 2013-05-21 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Politicians have talked endlessly about the seismic economic and social impacts of the recent financial crisis, but many continue to ignore its disastrous effects on human health—and have even exacerbated them, by adopting harsh austerity measures and cutting key social programs at a time when constituents need them most. The result, as pioneering public health experts David Stuckler and Sanjay Basu reveal in this provocative book, is that many countries have turned their recessions into veritable epidemics, ruining or extinguishing thousands of lives in a misguided attempt to balance budgets and shore up financial markets. Yet sound alternative policies could instead help improve economies and protect public health at the same time. In The Body Economic, Stuckler and Basu mine data from around the globe and throughout history to show how government policy becomes a matter of life and death during financial crises. In a series of historical case studies stretching from 1930s America, to Russia and Indonesia in the 1990s, to present-day Greece, Britain, Spain, and the U.S., Stuckler and Basu reveal that governmental mismanagement of financial strife has resulted in a grim array of human tragedies, from suicides to HIV infections. Yet people can and do stay healthy, and even get healthier, during downturns. During the Great Depression, U.S. deaths actually plummeted, and today Iceland, Norway, and Japan are happier and healthier than ever, proof that public wellbeing need not be sacrificed for fiscal health. Full of shocking and counterintuitive revelations and bold policy recommendations, The Body Economic offers an alternative to austerity—one that will prevent widespread suffering, both now and in the future.

Austerity

Author : Florian Schui
Publisher : Yale University Press
ISBN 13 : 0300203934
Total Pages : 228 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Austerity by : Florian Schui

Download or read book Austerity written by Florian Schui and published by Yale University Press. This book was released on 2014-03-25 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author examines the history of austerity efforts in order to access the possibility of success today.

The Violence of Austerity

Author : Vickie Cooper
Publisher :
ISBN 13 : 9780745337463
Total Pages : 256 pages
Book Rating : 4.3/5 (374 download)

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Book Synopsis The Violence of Austerity by : Vickie Cooper

Download or read book The Violence of Austerity written by Vickie Cooper and published by . This book was released on 2017-05-20 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Austerity, a response to the aftermath of the financial crisis, continues to devastate contemporary Britain.In The Violence of Austerity, Vickie Cooper and David Whyte bring together the voices of campaigners and academics including Danny Dorling, Mary O'Hara and Rizwaan Sabir to show that rather than stimulating economic growth, austerity policies have led to a dismantling of the social systems that operated as a buffer against economic hardship, exposing austerity to be a form of systematic violence.Covering a range of famous cases of institutional violence in Britain, the book argues that police attacks on the homeless, violent evictions in the rented sector, the risks faced by people on workfare schemes, community violence in Northern Ireland and cuts to the regulation of social protection, are all being driven by reductions in public sector funding. The result is a shocking expos� of the myriad ways in which austerity policies harm people in Britain.

Austerity

Author : Yanis Varoufakis
Publisher : Random House
ISBN 13 : 1473556112
Total Pages : 144 pages
Book Rating : 4.4/5 (735 download)

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Book Synopsis Austerity by : Yanis Varoufakis

Download or read book Austerity written by Yanis Varoufakis and published by Random House. This book was released on 2018-04-05 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: VINTAGE MINIS: GREAT MINDS. BIG IDEAS. LITTLE BOOKS. How do we choose between what is fair and just, and what our debtors demand of us? Yanis Varoufakis was put in such a dilemma in 2015 when he became the finance minister of Greece. In this rousing book, he charts the absurdities that underpin calls for austerity, as well as his own battles with a bureaucracy bent on ignoring the human cost of its every action. Passionately outspoken and tuned to the voices of the oppressed, Varoufakis presents a guide to modern economics, and its threat to democracy, like no other. Selected from the books And the Weak Suffer What They Must? and Adults in the Room

Politics in the Age of Austerity

Author : Wolfgang Streeck
Publisher : John Wiley & Sons
ISBN 13 : 0745670083
Total Pages : 465 pages
Book Rating : 4.7/5 (456 download)

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Book Synopsis Politics in the Age of Austerity by : Wolfgang Streeck

Download or read book Politics in the Age of Austerity written by Wolfgang Streeck and published by John Wiley & Sons. This book was released on 2013-05-09 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a world of increasing austerity measures, democratic politics comes under pressure. With the need to consolidate budgets and to accommodate financial markets, the responsiveness of governments to voters declines. However, democracy depends on choice. Citizens must be able to influence the course of government through elections and if a change in government cannot translate into different policies, democracy is incapacitated. Many mature democracies are approaching this situation as they confront fiscal crisis. For almost three decades, OECD countries have - in fits and starts - run deficits and accumulated debt. As a result, an ever smaller part of government revenue is available today for discretionary spending and social investment and whichever party comes into office will find its hands tied by past decisions. The current financial and fiscal crisis has exacerbated the long-term shrinking government discretion; projects for political change have lost credibility. Many citizens are aware of this situation: they turn away from party politics and stay at home on Election Day. With contributions from leading scholars in the forefront of sociology, politics and economics, this timely book will be of great interest to students and scholars throughout the social sciences as well as general readers.

Debtors' Prison

Author : Robert Kuttner
Publisher : Vintage
ISBN 13 : 0307959813
Total Pages : 352 pages
Book Rating : 4.3/5 (79 download)

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Book Synopsis Debtors' Prison by : Robert Kuttner

Download or read book Debtors' Prison written by Robert Kuttner and published by Vintage. This book was released on 2013-04-30 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of our foremost economic thinkers challenges a cherished tenet of today’s financial orthodoxy: that spending less, refusing to forgive debt, and shrinking government—“austerity”—is the solution to a persisting economic crisis like ours or Europe’s, now in its fifth year. Since the collapse of September 2008, the conversation about economic recovery has centered on the question of debt: whether we have too much of it, whose debt to forgive, and how to cut the deficit. These questions dominated the sound bites of the 2012 U.S. presidential election, the fiscal-cliff debates, and the perverse policies of the European Union. Robert Kuttner makes the most powerful argument to date that these are the wrong questions and that austerity is the wrong answer. Blending economics with historical contrasts of effective debt relief and punitive debt enforcement, he makes clear that universal belt-tightening, as a prescription for recession, defies economic logic. And while the public debt gets most of the attention, it is private debts that crashed the economy and are sandbagging the recovery—mortgages, student loans, consumer borrowing to make up for lagging wages, speculative shortfalls incurred by banks. As Kuttner observes, corporations get to use bankruptcy to walk away from debts. Homeowners and small nations don’t. Thus, we need more public borrowing and investment to revive a depressed economy, and more forgiveness and reform of the overhang of past debts. In making his case, Kuttner uncovers the double standards in the politics of debt, from Robinson Crusoe author Daniel Defoe’s campaign for debt forgiveness in the seventeenth century to the two world wars and Bretton Woods. Just as debtors’ prisons once prevented individuals from surmounting their debts and resuming productive life, austerity measures shackle, rather than restore, economic growth—as the weight of past debt crushes the economy’s future potential. Above all, Kuttner shows how austerity serves only the interest of creditors—the very bankers and financial elites whose actions precipitated the collapse. Lucid, authoritative, provocative—a book that will shape the economic conversation and the search for new solutions.

Austerity Britain, 1945-1951

Author : David Kynaston
Publisher : Bloomsbury Publishing USA
ISBN 13 : 0802779581
Total Pages : 705 pages
Book Rating : 4.8/5 (27 download)

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Book Synopsis Austerity Britain, 1945-1951 by : David Kynaston

Download or read book Austerity Britain, 1945-1951 written by David Kynaston and published by Bloomsbury Publishing USA. This book was released on 2010-12-01 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: As much as any country, England bore the brunt of Germany's aggression in World War II, and was ravaged in many ways at the war's end. Celebrated historian David Kynaston has written an utterly original, and compellingly readable, account of the following six years, during which the country rebuilt itself. Kynaston's great genius is to chronicle the country's experience from bottom to top: coursing through through the book, therefore, is an astonishing variety of ordinary, contemporary voices, eloquently and passionately evincing the country's remarkable spirit. Judy Haines, a Chingford housewife, gamely endures the tribulations of rationing; Mary King, a retired schoolteacher in Birmingham, observes how well-fed the Queen looks during a royal visit; Henry St. John, a persnickety civil servant in Bristol, is oblivious to anyone's troubles but his own. Together they present a portrait of an indomitable people and Kynaston skillfully links their stories to bigger events thought the country. Their stories also jostle alongside those of more well-known figures like celebrated journalist-to-be John Arlott (making his first radio broadcast), Glenda Jackson, and Doris Lessing, newly arrived from Africa and struck by the leveling poverty of post-war Britain. Kynaston deftly weaves into his story a sophisticated narrative of how the 1945 Labour government shaped the political, economic, and social landscape for the next three decades.

Austerity Measures

Author : Karen Van Dyck
Publisher : New York Review of Books
ISBN 13 : 1681371146
Total Pages : 497 pages
Book Rating : 4.6/5 (813 download)

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Book Synopsis Austerity Measures by : Karen Van Dyck

Download or read book Austerity Measures written by Karen Van Dyck and published by New York Review of Books. This book was released on 2017-03-28 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: A remarkable collection of poetic voices from contemporary Greece, Austerity Measures is a one-of-a-kind window into the creative energy that has arisen from the country's decade of crisis and a glimpse into what it is like to be Greek today. The 2008 debt crisis shook Greece to the core and went on to shake the world. More recently, Greece has become one of the main channels into Europe for refugees from poverty and war. Greece stands at the center of today’s most intractable conflicts, and this situation has led to a truly extraordinary efflorescence of innovative and powerfully moving Greek poetry. Karen Van Dyck’s wide-ranging bilingual anthology—which covers the whole contemporary Greek poetry scene, from literary poets to poets of the spoken word to poets online, and more—offers an unequaled sampling of some of the richest and most exciting poetry of our time.

The Austerity State

Author : Stephen McBride
Publisher : University of Toronto Press
ISBN 13 : 1487521952
Total Pages : 348 pages
Book Rating : 4.4/5 (875 download)

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Book Synopsis The Austerity State by : Stephen McBride

Download or read book The Austerity State written by Stephen McBride and published by University of Toronto Press. This book was released on 2017-01-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This volume focuses on the state's role in managing the fall-out from the global economic and financial crisis since 2008. For a brief moment, roughly from 2008-2010, governments and central banks appeared to borrow from Keynes to save the global economy. The contributors, however, take the view that to see those stimulus measures as "Keynesian" is a misinterpretation. Rather, neoliberalism demonstrated considerable resiliency despite its responsibility for the deep and prolonged crisis. The "austerian" analysis of the crisis is--historical, ignores its deeper roots, and rests upon a triumph of discourse involving blame-shifting from the under-regulated private sector to public or sovereign debt--for which the public authorities are responsible."--

The Media and Austerity

Author : Laura Basu
Publisher : Routledge
ISBN 13 : 1351714783
Total Pages : 268 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis The Media and Austerity by : Laura Basu

Download or read book The Media and Austerity written by Laura Basu and published by Routledge. This book was released on 2018-04-27 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Media and Austerity examines the role of the news media in communicating and critiquing economic and social austerity measures in Europe since 2010. From an array of comparative, historical and interdisciplinary vantage points, this edited collection seeks to understand how and why austerity came to be perceived as the only legitimate policy response to the financial crisis for nearly a decade after it began. Drawing on an international range of contributors with backgrounds in journalism, politics, history and economics, the book presents chapters exploring differing media representations of austerity from UK, US and European perspectives. It also investigates practices in financial journalism and highlights the role of social media in reporting public responses to government austerity measures. They reveal that, without a credible and coherent alternative to austerity from the political opposition, what had been an initial response to the consequences of the financial crisis, became entrenched between 2010 and 2015 in political discourse. The Media and Austerity is a clear and concise introduction for students of journalism, media, politics and finance to the connections between the media, politics and society in relation to the public perception of austerity after the 2008 global financial crash.

Composition in the Age of Austerity

Author : Nancy Welch
Publisher : University Press of Colorado
ISBN 13 : 1607324458
Total Pages : 240 pages
Book Rating : 4.6/5 (73 download)

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Book Synopsis Composition in the Age of Austerity by : Nancy Welch

Download or read book Composition in the Age of Austerity written by Nancy Welch and published by University Press of Colorado. This book was released on 2016-04-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the face of the gradual saturation of US public education by the logics of neoliberalism, educators often find themselves at a loss to respond, let alone resist. Through state defunding and many other “reforms” fueled by austerity politics, a majority of educators are becoming casual labor in US universities while those who hang onto secure employment are pressed to act as self-supporting entrepreneurs or do more with less. Focusing on the discipline of writing studies, this collection addresses the sense of crisis that many educators experience in this age of austerity. The chapters in this book chronicle how neoliberal political economy shapes writing assessments, curricula, teacher agency, program administration, and funding distribution. Contributors also focus on how neoliberal political economy dictates the direction of scholarship, because the economic and political agenda shaping the terms of work, the methods of delivery, and the ways of valuing and assessing writing also shape the primary concerns and directions of scholarship. Composition in the Age of Austerity offers critical accounts of how the restructuring of higher education is shaping the daily realities of composition programs. The book documents the effects and implications of the current restructuring, examines how cherished rhetorical ideals actually leave the field unprepared to respond effectively to defunding and corporatizing trends, and establishes points of departure for collective response.

The Global Life of Austerity

Author : Theodoros Rakopoulos
Publisher : Berghahn Books
ISBN 13 : 1785338714
Total Pages : 136 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis The Global Life of Austerity by : Theodoros Rakopoulos

Download or read book The Global Life of Austerity written by Theodoros Rakopoulos and published by Berghahn Books. This book was released on 2018-06-18 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: Austerity and structural adjustment programs are just the latest forms of neoliberal policy to have a profoundly damaging impact on the targeted populations. Yet, as the contributors to this collection argue, the recent austerity-related European crisis is not a breach of erstwhile development schemes, but a continuation of economic policies. Using historical analysis and ethnographically-grounded research, this volume shows the similarities of the European conundrum with realities outside Europe, seeing austerity in a non-Eurocentric fashion. In doing so, it offers novel insights as to how economic crises are experienced at a global level.

The Age of Austerity

Author : Thomas Byrne Edsall
Publisher : Anchor
ISBN 13 : 0385535201
Total Pages : 320 pages
Book Rating : 4.3/5 (855 download)

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Book Synopsis The Age of Austerity by : Thomas Byrne Edsall

Download or read book The Age of Austerity written by Thomas Byrne Edsall and published by Anchor. This book was released on 2012-01-10 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of our most prescient political observers provides a sobering account of how pitched battles over scarce resources will increasingly define American politics in the coming years—and how we might avoid, or at least mitigate, the damage from these ideological and economic battles. In a matter of just three years, a bitter struggle over limited resources has enveloped political discourse at every level in the United States. Fights between haves and have-nots over health care, unemployment benefits, funding for mortgage write-downs, economic stimulus legislation—and, at the local level, over cuts in police protection, garbage collection, and in the number of teachers—have dominated the debate. Elected officials are being forced to make zero-sum choices—or worse, choices with no winners. Resource competition between Democrats and Republicans has left each side determined to protect what it has at the expense of the other. The major issues of the next few years—long-term deficit reduction; entitlement reform, notably of Social Security, Medicare, and Medicaid; major cuts in defense spending; and difficulty in financing a continuation of American international involvement—suggest that your-gain-is-my-loss politics will inevitably intensify.

Poverty and Austerity amid Prosperity

Author : Gregg M. Olsen
Publisher : University of Toronto Press
ISBN 13 : 1487509855
Total Pages : 305 pages
Book Rating : 4.4/5 (875 download)

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Book Synopsis Poverty and Austerity amid Prosperity by : Gregg M. Olsen

Download or read book Poverty and Austerity amid Prosperity written by Gregg M. Olsen and published by University of Toronto Press. This book was released on 2021 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In wealthy nations such as Canada, the United Kingdom, and the United States, issues of poverty and homelessness have often been displaced or sidelined by the accelerating number of studies on income inequality and wealth disparity. In Poverty and Austerity amid Prosperity, Gregg M. Olsen refocuses our attention on rising levels of poverty and homelessness, suggesting what we can do to address these issues. Highlighting the important differences between Canada, the UK, and the US, this volume explores the broad and narrow ways that poverty and homelessness have been conceptualized, and how this has shaped the way they are defined, measured, and addressed in each country. After a careful examination of poverty in these three countries, the volume draws comparisons with European nations that have been more successful in keeping issues relating to poverty under control. Olsen presents and critically contrasts the two main theoretical traditions, individual versus society, that have emerged to explain poverty and homelessness. Olsen argues that societal approaches to the study of poverty are better equipped to explain the developments unfolding across these nations, and that the eradication of poverty will only happen when the socio-economic system has been seriously overhauled and founded upon economic democracy."--

Women and Austerity

Author : Maria Karamessini
Publisher : Routledge
ISBN 13 : 1135073988
Total Pages : 368 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis Women and Austerity by : Maria Karamessini

Download or read book Women and Austerity written by Maria Karamessini and published by Routledge. This book was released on 2013-09-11 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Austerity has become the new principle for public policy in Europe and the US as the financial crisis of 2008 has been converted into a public debt crisis. However, current austerity measures risk losing past progress towards gender equality by undermining important employment and social welfare protections and putting gender equality policy onto the back burner. This volume constitutes the first attempt to identify how the economic crisis and the subsequent austerity policies are affecting women in Europe and the US, tracing the consequences for gender equality in employment and welfare systems in nine case studies from countries facing the most severe adjustment problems. The contributions adopt a common framework to analyse women in recession, which takes into account changes in women’s position and current austerity conditions. The findings demonstrate that in the immediate aftermath of the financial crisis, employment gaps between women and men declined — but due only to a deterioration in men’s employment position rather than any improvements for women. Tables are set to be turned by the austerity policies which are already having a more negative impact on demand for female labour and on access to services which support working mothers. Women are nevertheless reinforcing their commitment to paid work, even at this time of increasing demands on their unpaid domestic labour. Future prospects are bleak. Current policy is reinforcing the same failed mechanisms that caused the crisis in the first place and is stalling or even reversing the long term growth in social investment in support for care. This book makes the case for gender equality to be placed at the centre of any progressive plan for a route out of the crisis.