Austerity: The Great Failure (Paperback)
  • Austerity: The Great Failure (Paperback)
zoom

Austerity: The Great Failure (Paperback)

(author)
£11.99
Paperback 232 Pages
Published: 14/04/2015
  • In stock

Usually dispatched within 2-3 working days

  • This item has been added to your basket

In times of economic crisis austerity becomes a rallying cry, but what does history tell us about its chances for success?

Austerity is at the center of political debates today. Its defenders praise it as a panacea that will prepare the ground for future growth and stability. Critics insist it will precipitate a vicious cycle of economic decline, possibly leading to political collapse. But the notion that abstinence from consumption brings benefits to states, societies, or individuals is hardly new. This book puts the debates of our own day in perspective by exploring the long history of austerity—a popular idea that lives on despite a track record of dismal failure.
 
Florian Schui shows that arguments in favor of austerity were—and are today—mainly based on moral and political considerations, rather than on economic analysis. Unexpectedly, it is the critics of austerity who have framed their arguments in the language of economics. Schui finds that austerity has failed intellectually and in economic terms every time it has been attempted. He examines thinkers who have influenced our ideas about abstinence from Aristotle through such modern economic thinkers as Smith, Marx, Veblen, Weber, Hayek, and Keynes, as well as the motives behind specific twentieth-century austerity efforts. The persistence of the concept cannot be explained from an economic perspective, Schui concludes, but only from the persuasive appeal of the moral and political ideas linked to it.

Publisher: Yale University Press
ISBN: 9780300212778
Number of pages: 232
Weight: 227 g
Dimensions: 224 x 127 mm

You may also be interested in...

Guns, Germs and Steel
Added to basket
Masters of the Universe
Added to basket
More Money Than God
Added to basket
Dogs and Demons
Added to basket
£15.99
Paperback
1759
Added to basket
£12.99
Paperback
Wealth And Poverty Of Nations
Added to basket
The Corporation That Changed the World
Added to basket
The Making of the English Working Class
Added to basket
Scotland
Added to basket
£16.99
Paperback
Freedom from Fear
Added to basket
The Oxford Companion to Scottish History
Added to basket
The Summit
Added to basket
£13.99
Paperback
Taxation: A Very Short Introduction
Added to basket
This Time Is Different
Added to basket

Please sign in to write a review

Your review has been submitted successfully.

env: aptum
branch: