Austerity

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Austerity

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Author : Alberto Alesina
language : en
Publisher: Princeton University Press
Release Date : 2020-12

Austerity written by Alberto Alesina and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-12 with Business & Economics categories.

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.

Austerity

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Author : Alberto Alesina
language : en
Publisher: Princeton University Press
Release Date : 2019-02-05

A timely and incisive 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. In this masterful book, three of today’s leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many. Looking at thousands of fiscal measures adopted by sixteen advanced economies since the late 1970s, Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt. It shows that spending cuts have much smaller costs in terms of output losses than tax increases. Spending cuts can sometimes be associated with output gains in the case of expansionary austerity and are much more successful than tax increases at reducing the growth of debt. The authors also show that austerity is not necessarily the kiss of death for political careers as is often believed, and provide new insights into the recent cases of European austerity after the financial crisis. Bringing needed clarity to one of today’s most challenging subjects, Austerity charts a sensible approach based on data analysis rather than ideology.

Austerity

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Author : Mark Blyth
language : en
Publisher: Oxford University Press
Release Date : 2015

Austerity written by Mark Blyth and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.

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

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Author : Suzanne J. Konzelmann
language : en
Publisher: John Wiley & Sons
Release Date : 2019-10-14

Austerity written by Suzanne J. Konzelmann and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-14 with Political Science categories.

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.

Politics In The Age Of Austerity

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Author : Wolfgang Streeck
language : en
Publisher: John Wiley & Sons
Release Date : 2013-05-09

Politics In The Age Of Austerity written by Wolfgang Streeck and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-09 with Political Science categories.

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.

Austerity

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Author : Florian Schui
language : en
Publisher: Yale University Press
Release Date : 2014-03-25

Austerity written by Florian Schui and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-25 with History categories.

DIVAusterity 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./div

Austerity

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Author : Yanis Varoufakis
language : en
Publisher: Random House
Release Date : 2018-04-05

Austerity written by Yanis Varoufakis and has been published by Random House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-05 with Business & Economics categories.

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

Austerity

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Author : Bryan M. Evans
language : en
Publisher: University of Toronto Press
Release Date : 2017-01-01

Austerity written by Bryan M. Evans and has been published by University of Toronto Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-01 with Business & Economics categories.

Bryan M. Evans, Stephen McBride, and their contributors delve further into the more practical, ground-level side of the austerity equation in Austerity: The Lived Experience. Economically, austerity policies cannot be seen to work in the way elite interests claim that they do. Rather than soften the blow of the economic and financial crisis of 2008 for ordinary citizens, policies of austerity slow growth and lead to increased inequality. While political consent for such policies may have been achieved, it was reached amidst significant levels of disaffection and strong opposition to the extremes of austerity. The authors build their analysis in three sections, looking alternatively at theoretical and ideological dimensions of the lived experience of austerity; how austerity plays out in various public sector occupations and policy domains; and the class dimensions of austerity. The result is a ground-breaking contribution to the study of austerity politics and policies.

Austerity Policies

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Author : Peter Rushton
language : en
Publisher: Springer
Release Date : 2018-06-12

Austerity Policies written by Peter Rushton and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-12 with Political Science categories.

This book takes up the problems of social policy, state intervention and support in the hard times of austerity introduced by the Coalition government 2010-15, and continued under the Conservative government today. At a time when the economy is growing and pay levels finally rising, the necessity for more cuts in public expenditure is fiercely contested. The scope of state services, the levels of support for people in need, and the kinds of organizations that will deliver the services, will all be profoundly affected in coming years. The authors and editors assess some of these consequences visible now in the impact that expenditure cuts and reorganization have had on many areas of social policy, and explore the direction of change in the near future. Austerity Policies evaluates a wide range of changing form of state services and the transformations involving both the recipients and those delivering the services. It considers the past, present and future of austerity as a policy, and the problems affecting particular groups such as offenders, looked after children, and professionals such as social care workers and those engaged with domestic violence. The collection will be of interest to students and scholars of social policy, criminology, sociology, politics and media studies.

The Global Life Of Austerity

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Author : Theodoros Rakopoulos
language : en
Publisher: Berghahn Books
Release Date : 2018-06-18

The Global Life Of Austerity written by Theodoros Rakopoulos and has been published by Berghahn Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-18 with Social Science categories.

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.

Austerity

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