Austerity


Book Description

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.




After Austerity


Book Description

This book examines European welfare states, how and why they are changing, and how they are likely to develop.




Austerity


Book Description

In Austerity: The History of a Dangerous Idea, Mark Blyth, a renowned scholar of political economy, provides a powerful and trenchant account of the shift toward austerity policies by governments throughout the world since 2009. The issue is at the crux about how to emerge from the Great Recession, and will drive the debate for the foreseeable future.




Austerity Britain, 1945-1951


Book Description

As much as any country, England bore the brunt of Germany's aggression in World War II, and was ravaged in many ways at the war's end. Celebrated historian David Kynaston has written an utterly original, and compellingly readable, account of the following six years, during which the country rebuilt itself. Kynaston's great genius is to chronicle the country's experience from bottom to top: coursing through through the book, therefore, is an astonishing variety of ordinary, contemporary voices, eloquently and passionately evincing the country's remarkable spirit. Judy Haines, a Chingford housewife, gamely endures the tribulations of rationing; Mary King, a retired schoolteacher in Birmingham, observes how well-fed the Queen looks during a royal visit; Henry St. John, a persnickety civil servant in Bristol, is oblivious to anyone's troubles but his own. Together they present a portrait of an indomitable people and Kynaston skillfully links their stories to bigger events thought the country. Their stories also jostle alongside those of more well-known figures like celebrated journalist-to-be John Arlott (making his first radio broadcast), Glenda Jackson, and Doris Lessing, newly arrived from Africa and struck by the leveling poverty of post-war Britain. Kynaston deftly weaves into his story a sophisticated narrative of how the 1945 Labour government shaped the political, economic, and social landscape for the next three decades.




Populism and Passions


Book Description

There is a consensus that right, and left-wing populism is on the rise on both sides of the Atlantic, from Donald Trump in the United States, to Spain’s leftist Podemos. These may utilize different kinds of populist mobilizations but the fact remains that elite and mass opinion is fuelling a populist backlash. In Populism and Passions, twelve scholars engage with discourse analysis, democratic theory, and post structural political thought to study the political logic of passion for contemporary populism. Together these interdisciplinary essays demonstrate what emotional engagement implies for the spheres of politics and the social, and how it governs and mobilizes individuals. The volume presents: Theoretical and empirical implications for political analysis; Chapters on the current rise of populism, both right and left-wing trends, their different ideological features, and their relationship with the logic of passion; Theoretical implications for the future study of populism and democratic legitimacy. A timely analysis of this political phenomena in contemporary Western democracies, Populism and Passions is ideal for students and scholars in political theory, comparative politics, social theory, critical theory, cultural studies, and global studies.




After Austerity


Book Description

European welfare states are undergoing profound change, driven by globalization, technical changes, and population ageing. More immediately, the aftermath of the Great Recession and unprecedented levels of immigration have imposed additional pressures. This book examines welfare state transformations across a representative range of European countries and at the EU level, and considers likely new directions in social policy. It reviews the dominant neo-liberal austerity response and discusses social investment, fightback, welfare chauvinism, and protectionism. It argues that the class solidarities and cleavages that shaped the development of welfare states are no longer powerful. Tensions surrounding divisions between old and young, women and men, immigrants and denizens, and between the winners in a new, more competitive, world and those who feel left behind are becoming steadily more important. European countries have entered a period of political instability and this is reflected in policy directions. Austerity predominates nearly everywhere, but patterns of social investment, protectionism, neo-Keynesian intervention, and fightback vary between countries. The volume identify areas of convergence and difference in European welfare state futures in this up-to-date study - essential reading to grasp the pace and directions of change.




The Violence of Austerity


Book Description

Austerity, a response to the aftermath of the financial crisis, continues to devastate contemporary Britain.In The Violence of Austerity, Vickie Cooper and David Whyte bring together the voices of campaigners and academics including Danny Dorling, Mary O'Hara and Rizwaan Sabir to show that rather than stimulating economic growth, austerity policies have led to a dismantling of the social systems that operated as a buffer against economic hardship, exposing austerity to be a form of systematic violence.Covering a range of famous cases of institutional violence in Britain, the book argues that police attacks on the homeless, violent evictions in the rented sector, the risks faced by people on workfare schemes, community violence in Northern Ireland and cuts to the regulation of social protection, are all being driven by reductions in public sector funding. The result is a shocking expos� of the myriad ways in which austerity policies harm people in Britain.




Austerity


Book Description

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.




The Austerity State


Book Description

"This volume focuses on the state's role in managing the fall-out from the global economic and financial crisis since 2008. For a brief moment, roughly from 2008-2010, governments and central banks appeared to borrow from Keynes to save the global economy. The contributors, however, take the view that to see those stimulus measures as "Keynesian" is a misinterpretation. Rather, neoliberalism demonstrated considerable resiliency despite its responsibility for the deep and prolonged crisis. The "austerian" analysis of the crisis is--historical, ignores its deeper roots, and rests upon a triumph of discourse involving blame-shifting from the under-regulated private sector to public or sovereign debt--for which the public authorities are responsible."--




Fiscal Policy after the Financial Crisis


Book Description

The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.