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Craig Berry assesses UK economic policy in the wake of the financial crisis through the lens of the austerity agenda, focusing on monetary policy, economic rebalancing, industrial and regional policy, the labour market, welfare reform and budgetary management. He argues that austerity is geared towards a resurrection of financialisation and the UK’s pre-crisis economic model, through the transformation of individual behaviour and demonisation of the state. Cutting public spending and debt in the short term is, at most, a secondary concern for the UK policy elite. However, the underlying purpose of austerity is frequently misunderstood due to its conflation with a narrow deficit reduction agenda, not least by its Keynesian critics. Berry also demonstrates how austerity has effectively dismantled the prospect of a centre-left alternative to neoliberalism.

International relations. Foreign policy --- Politics --- Economic policy and planning (general) --- Public administration --- politieke wetenschappen --- buitenlandse politiek --- economische politiek --- politiek --- Europese politiek --- administratie --- Great Britain

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This book explores the politics of local economic development in Northern England. Socio-economic conditions in the North – and its future prospects – have become central to national debates in the UK. The status of Northern regions and their local economies is intimately associated with efforts to ‘rebalance’ the economy away from the South East, London and the finance sector in the wake of the 2008 financial crisis. The contributors to this volume focus in particular on the coalition and Conservative governments’ ‘Northern Powerhouse’ agenda. They also analyse associated efforts to devolve power to local authorities across England, which promise to bring both greater prosperity and autonomy to the deindustrialized North. Several chapters critically interrogate these initiatives, and their ambitions, by placing them within their wider historical, geographical, institutional and ideological contexts. As such, Berry and Giovannini seek to locate Northern England within a broader understanding of the political dimension of economic development, and outline a series of ideas for enhancing the North’s prospects. ‘A collection of chapters exploring the historical, territorial and structural reality of the political economy of the North. Packed with evidence, assembled with exemplary scholarship.’ —Michael Moran, The University of Manchester, UK ‘At last, a serious academic contribution to the Northern Powerhouse debate that takes on the agglomeraniacs and Treasury tinkerers both empirically and philosophically. This book represents a clarion call for a progressive, pan-Northern politics putting the North of England once again at the vanguard of economic and democratic reinvention.’ —Ed Cox, IPPR North, UK ‘This book offers new insights into the political economy of the North of England. The topics covered are wide-ranging – from science policy to economic development – but the common theme is the policy agendas needed to address the North–South divide (and why existing approaches have failed).’ —Neil Lee, The London School of Economics and Political Science, UK ‘This outstanding collection shines a much needed light on the political economy of Northern England. The contributors perform an exacting multi-dimensional critique of economic policy making, city-regional governance and the inequalities entailed by the current UK approach to regionalism and devolution.’ —Jonathan Davies, De Montfort University, UK.

Economic development --- England, Northern --- Politics and government. --- Economic conditions. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- North England --- Northern England --- Political economy. --- Regionalism. --- Great Britain-Politics and gover. --- Economic development. --- Social change. --- International Political Economy. --- British Politics. --- Regional Development. --- Development and Social Change. --- Change, Social --- Cultural change --- Cultural transformation --- Societal change --- Socio-cultural change --- Social history --- Social evolution --- Human geography --- Nationalism --- Interregionalism --- Economic theory --- Political economy --- Social sciences --- Economic man --- Great Britain—Politics and government.

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The collection of essays explores the political and institutional foundations of industrial policy, the value of "foundational" economic practices, the challenge of greening capitalism and addressing regional inequalities, and the new financial and corporate governance structures required to radicalize industrial strategy.

Industrial policy --- Economic history. --- Great Britain --- Economic conditions

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Craig Berry assesses UK economic policy in the wake of the financial crisis through the lens of the austerity agenda, focusing on monetary policy, economic rebalancing, industrial and regional policy, the labour market, welfare reform and budgetary management. He argues that austerity is geared towards a resurrection of financialisation and the UK’s pre-crisis economic model, through the transformation of individual behaviour and demonisation of the state. Cutting public spending and debt in the short term is, at most, a secondary concern for the UK policy elite. However, the underlying purpose of austerity is frequently misunderstood due to its conflation with a narrow deficit reduction agenda, not least by its Keynesian critics. Berry also demonstrates how austerity has effectively dismantled the prospect of a centre-left alternative to neoliberalism.

Political science. --- Political theory. --- Public policy. --- Great Britain --- Economic policy. --- Public administration. --- Political Science and International Relations. --- British Politics. --- Economic Policy. --- Political Theory. --- Public Administration. --- Public Policy. --- Politics and government. --- Economic policy --- Administration, Public --- Delivery of government services --- Government services, Delivery of --- Public management --- Public sector management --- Economic nationalism --- Economic planning --- National planning --- State planning --- Administration --- Civil government --- Commonwealth, The --- Government --- Political theory --- Political thought --- Politics --- Science, Political --- Political economy. --- World politics. --- Administrative law. --- International Political Economy. --- Political History. --- Administrative Law. --- Political Science. --- Political science --- Administrative law --- Decentralization in government --- Local government --- Public officers --- Law, Administrative --- Public administration --- Public law --- Constitutional law --- Colonialism --- Global politics --- International politics --- Political history --- World history --- Eastern question --- Geopolitics --- International organization --- International relations --- Economic theory --- Political economy --- Social sciences --- Economic man --- State, The --- Law and legislation --- Economics.