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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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Governments should spend no more than their tax income.' Most people in Europe and North America accept this statement as simple common sense. It matches the deeply engrained economic metaphors that dominate public discourse, from 'living within your means' to 'balancing the budget' - all necessary, or so conventional wisdom holds, to avoid the dangers of debt, taxation and financial ruin. This book shows how these homely metaphors constitute the 'debt delusion' a set of plausible-sounding yet false ideas that have been used to justify damaging austerity policies. John Weeks debunks these myths, explaining both the true story behind public spending, taxation, and debt, and the real function of these in the management of our economies. He demonstrates that disputes about public finances are not primarily technical matters best left to specialists and experts, as many politicians would have us believe, but rather fundamentally questions about our true political priorities. Requiring no prior economic knowledge, this is an ideal primer for anyone wishing to cut through the rhetoric and misinformation that dominate political debates on economics and become an informed citizen.

Debts, Public --- Finance, Public --- Government spending policy --- Fiscal policy --- Politique d'austérité --- Dette publique --- Dépense publique --- Impôt --- BPB1912 --- skatt --- tatim --- данок --- porez --- nodoklis --- данък --- mokestis --- tax --- daň --- imposto --- impozit --- φόρος --- imposta --- порез --- impuesto --- taxxa --- skat --- podatek --- vero --- Steuer --- adó --- maks --- belasting --- davek --- apmokestinimo norma --- Abgabe --- даночна стапка --- skattesats --- aliquota d'imposizione --- јавна давачка --- miera zdanenia --- maksumäär --- tipo de gravamen --- taxa fiscal --- verokanta --- az adózás mértéke --- porezna stopa --- gravamen fiscal --- finansiel ordning --- taxe fiscale --- maksustamismäär --- Steuersatz --- daňová sazba --- оданочување --- taxa de imposição --- fiskal avgift --- beskatningsprocent --- tasa --- taux d'imposition --- adómérték --- cotă de impozitare --- sadzba dane --- tasso d'imposizione --- φορολογικά τέλη --- Steuerschuld --- míra zdanění --- φορολογικός συντελεστής --- canone fiscale --- belastingtarief --- contribución --- rate of taxation --- fiscale retributie --- shkallë e tatimit --- illeték --- belastingschijf --- tarifa impositiva --- veroprosentti --- tipo impositivo --- nodokļa likme --- imposizione fiscale --- járulék --- shkallë tatimore --- tax rate --- taxă fiscală --- mokesčio norma --- tributo --- δημόσια δαπάνη --- public expenditure --- јавен расход --- shpenzime publike --- offentlig utgift --- öffentliche Ausgabe --- offentlig udgift --- spesa pubblica --- overheidsuitgave --- јавни расход --- viešosios išlaidos --- állami kiadások --- cheltuieli publice --- wydatki publiczne --- nefqa pubblika --- verejný výdavok --- despesas públicas --- javnofinančni odhodki --- veřejné výdaje --- javni izdatak --- valsts sektora izdevumi --- обществен разход --- gasto público --- avaliku sektori kulud --- julkiset menot --- shpenzime shtetërore --- despesas do Estado --- government expenditure --- spesa dello Stato --- julkistalouden menot --- vládní výdaje --- vyriausybės išlaidos --- statsutgift --- közkiadás --- cheltuieli guvernamentale --- vládny výdavok --- valitsemissektori kulud --- владин расход --- gasto del Estado --- dépense de l'État --- overheidsschuld --- borxhi publik --- javni dug --- fiachas poiblí --- δημόσιο χρέος --- valstybės skola --- offentlig gæld --- dívida pública --- statsskuld --- valsts parāds --- riigivõlg --- veřejný dluh --- javni dolg --- štátny dlh --- dejn pubbliku --- datorie publică --- јавен долг --- öffentliche Schulden --- јавни дуг --- обществен дълг --- deuda pública --- julkinen velka --- államadósság --- public debt --- dług publiczny --- debito pubblico --- státní dluh --- nacionalinė skola --- државен долг --- емисија на јавниот долг --- šalies skola --- задолжување на државата --- valtion velka --- statsgæld --- valitsemissektori võlg --- öffentliche Schuld --- valdības parāds --- government debt --- амортизација на јавниот долг --- debito fluttuante --- vládní dluh --- nacionalni dug --- národný dlh --- nemzeti adósság --- datorie națională --- national debt --- valtionvelka --- vyriausybės skola --- vládny dlh --- debito redimibile --- indebitamento del settore pubblico --- вкупен обем на јавниот долг --- нето јавен долг --- titoli del debito pubblico --- avaliku sektori võlg --- borxh kombëtar --- državni dug --- datorie guvernamentală --- borxh shtetëror --- бруто јавен долг --- národní dluh --- 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 --- imposta (tassa) --- öffentliche Ausgaben --- cáin --- beartas déine --- caiteachas poiblí --- Impôt --- Politique d'austérité --- Dépense publique --- dette publique