austerity the history of a dangerous idea

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Austerity

Author : Mark Blyth
ISBN : 9780199389445
Genre : Business & Economics
File Size : 28. 46 MB
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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.

Book Review Mark Blyth Austerity The History Of A Dangerous Idea

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ISBN : OCLC:1051362515
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Austerity And The Labor Movement

Author : Michael Schiavone
ISBN : 9781438462936
Genre : Political Science
File Size : 27. 63 MB
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An overview and analysis of austerity policies and labor movement resistance in several countries. Austerity policies have become the new norm throughout both the developed and developing world. Indeed, austerity has become the new buzz word in the lexicon of politicians from across the political spectrum. At the same time austerity measures have been met with mass protest, the most famous example of which is the Occupy Movement. In the not-too-distant past it would have been the labor movement at the forefront resisting policies that arguably disproportionally target working people and their families. Throughout the twentieth century it was the labor movement that fought for all working people. However, there is an increasing assumption that the labor movement is unable to adequately defend workers from the onslaught of austerity measures. Austerity and the Labor Movement analyzes whether this assumption is indeed true. Examining the labor movements in the US, UK, Greece, Ireland, and Spain, Michael Schiavone provides a systematic explanation of the appeal of austerity policies in certain circles and why the labor movement in each of these countries has been largely unsuccessful in overturning such policies. He argues that the labor movement needs to make major changes and embrace social movement unionism if it has any hope to stop its decline and have any chance to successfully fight against austerity and neoliberalism more generally.

The Public On The Public

Author : C. Westall
ISBN : 9781137351340
Genre : Social Science
File Size : 28. 85 MB
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In Britain, the resistance to popular determination allowed by the financial construct of the public has been so successful that this term, public, must be re-read as politically paralyzing. The problem, our problem, is the public - which we are so often told will bring us together and provide for us - and it is this we must move beyond.

Writing Ten Core Concepts

Author : Robert P. Yagelski
ISBN : 9781305142688
Genre : Education
File Size : 69. 16 MB
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WRITING: TEN CORE CONCEPTS is based on ten fundamental lessons-the Core Concepts-that student writers must learn to become sophisticated writers. The thorough integration of these Core Concepts distinguishes the book from all other writing guides. Most composition textbooks present far more material than students could ever grasp and retain in a single semester. That approach ultimately waters down the most essential lessons students need to learn for their different writing tasks. Emphasizing writing as an interaction between a writer and a reader, WRITING: TEN CORE CONCEPTS offers students guidance in three main aims of writing and a way to participate in the important conversations that shape our lives. Each student text is packaged with a free Cengage Essential Reference Card to the MLA HANDBOOK, Eighth Edition. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Uneconomic Economics And The Crisis Of The Model World

Author : M. Watson
ISBN : 9781137385499
Genre : Political Science
File Size : 82. 54 MB
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What has gone wrong with economics? Economists now routinely devise highly sophisticated abstract models that score top marks for theoretical rigour but are clearly divorced from observable activities in the current economy. This creates an 'uneconomic economics', where models explain relationships in blackboard rather than real-life markets.

The Other Designs

Author : Heiko Schmid
ISBN : 9783738602838
Genre : Art
File Size : 80. 59 MB
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The publication project The Other designs, adopts a critical viewpoint shared by many contemporary academics that highlight how the institutionalization of antiquity as “national heritage” has shaped an ideological framework for experiencing and performing a national identity. This viewpoint “kick-starts“ an approach to the idea that nations such as Greece are in some way a multifaceted “assemblage”, of constellated projections. The Other designs, aims to contribute to the current re-examination of historical authenticity by reflecting upon the status of national identity as a kind of “artistic” setup.

Democratic Politics In A European Union Under Stress

Author : Olaf Cramme
ISBN : 9780198724483
Genre : Political Science
File Size : 54. 28 MB
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This book offers the first comprehensive political analysis of the Euro crisis and its impact on democratic politics in the EU. Leading scholars provide political, economic, legal, and sociological perspectives on the main issues at stake and evaluate the prospects of a more legitimate and democratic Europe.

The Politics Of Europeanization And Post Socialist Transformations

Author : N. Lindstrom
ISBN : 9781137352187
Genre : Political Science
File Size : 27. 66 MB
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This study examines conflicts arising from the dual processes of Europeanization and post-socialist transformations, from gaining independence in 1991 to facing the current economic crisis. Through an in-depth comparison of Estonia and Slovenia over time, it shows how elite actors within these two very different welfare capitalist states resisted EU pressures to change their cohesive and successful national models.

The Economic Crisis In Social And Institutional Context

Author : Sebastiano Fadda
ISBN : 9781317617419
Genre : Business & Economics
File Size : 31. 9 MB
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This book explores the foundations of the current economic crisis. Offering a heterodox approach to interpretation it examines the policies implemented before and during the crisis, and the main institutions that shaped the model of advanced economies, particularly in the last two decades. The first part of the book provides a theoretical analysis of the crisis. The roots of the ‘great recession’ are divided into fundamentals with origins in financial liberalisation, financial innovation and income distribution, and complementary or contributory factors such as the international imbalances, the monetary policy,and the role of credit rating agencies. Part II suggests various paths to recovery while emphasising that it will be necessary to develop alternative strategies for sustainable economic recovery and growth. These strategies will require genuine political support and a new 'great European vision' to address major issues concerning the EU such as unemployment, structural regional differences and federalism. Drawing on various schools of thought, this book explains the complexities of the crisis through a wider evolutionary-institutional and heterodox framework.

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