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"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." --

Economic policy --- Economic history --- Debts, Public --- BPB9999 --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- Economic conditions --- History, Economic --- Economics --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- BPB1912 --- Politique d'austérité --- Bezuinigingsbeleid --- Economic History --- politika úsporných opatření --- åtstramningspolitik --- politika úsporných opatrení --- política de austeridad --- griežto taupymo politika --- bezuinigingsbeleid --- politică de austeritate --- austerity policy --- varčevalna politika --- polityka oszczędnościowa --- política de austeridade --- политика штедње --- talouden kiristämispolitiikka --- Sparpolitik --- πολιτική λιτότητας --- politica di austerità --- kokkuhoiupoliitika --- политика по спестяванията --- politikë shtrënguese --- taupības politika --- politika ta' awsterità --- megszorító politika --- stram økonomisk politik --- политика на штедење --- politika štednje --- politique de rigueur --- takarékossági politika --- politika poduzimanja mjera štednje --- megszorító intézkedések --- tiukka talouspolitiikka --- svångremspolitik --- spaarpolitiek --- politika omezování --- politica di rigore --- úsporná opatření státu --- sparepolitik --- Austerity-Politik --- stram ekonomisk politik --- beartas déine --- Politique d'austérité

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Banks and banking --- Free enterprise --- Global Financial Crisis, 2008-2009 --- Capitalism

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The 2008 financial crisis has severely shaken confidence in liberal economic theory and policy. However, the sharply divergent experiences of the six Anglo-Saxon 'liberal market economies' (LMEs) suggest that the reality is not so simple. This book traces the evolution of liberal capitalism, from its rebirth amidst the challenges of the 1970s to its role in the genesis of the 2008 crisis - and debates the assumptions underpinning the liberal capitalist paradigm. Close examination reveals variety within liberal capitalism. Not only was there the familiar, ""hands off"" libertarian app

Banks and banking. --- Free enterprise. --- Global Financial Crisis, 2008-2009. --- Capitalism.

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Through her judicious selection of previously published material, Dr Konzelmann investigates the key social, political and financial developments that have shaped the evolution of austerity economics. These include the early classical debates, the politicization of austerity, the Keynesian challenge to existing thought and the revival of pre-Keynesian 'Neo-Liberal' ideas during the 1970s. Discussion of the radical changes to economic thought and policy in the decades before the 2007-8 financial crisis and the key dimensions of the post 2007-8 debate bring the account right up to the present day. The editor's insightful and lucid introduction provides an illuminating guide to this crucial topic. The volume will be an invaluable resource for students and scholars seeking a wider understanding of austerity economics.

Debts, Public. --- Finance, Public. --- Fiscal policy. --- Economic policy. --- Economics --- History.

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Great Britain