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Austerity

Austerity

By Mark Blyth

The History of a Dangerous Idea. Oxford University Press, 2013.

0.0 / 0

11 mins read

10 Key insights

A brief summary of Austerity

An impassioned analysis of the strategy and ideology behind fiscal austerity, examining why governments are doomed to fail when they resort to cutting funding and bailing out banks, and why this works to the detriment of their citizens.

Key insights in Austerity

1
What do you get from this book? Discover how austerity can damage society and cause irreparable harm to the economy
2
Austerity causes the working class to pay for the mistakes of those too big to fail
3
Global economies are tied together and economic issues often cross borders
4
People who claim austerity is a good idea are eschewing responsibility
5
Austerity allows governments to use their citizens as a source of capital which sets a dangerous precedent
6
Anti-austerity reforms are often required to stimulate the economy in order to achieve a real recovery
7
We must stand up to austerity in order to prevent bad decisions from being dumped onto the taxpayer
8
Summary of the key insights
9
Selected critiques in brief
10
Final word

Who should read Austerity

Economic historians • banking industry analysts • political science majors and economics students • politicians and parliamentarians • activists

About the author of Austerity

Best-selling author Mark Blyth is an expert in political science and the economy. Currently a professor at Brown University, he previously taught at Johns Hopkins University. Blyth focuses his research on connecting different schools of thought in an effort to improve global outcomes be they political, social, or economic in nature.

author avatar

Mark Blyth

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