Austerity
By Mark Blyth
The History of a Dangerous Idea. Oxford University Press, 2013.
Summary of Austerity book by Mark Blyth
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.
Chapters in Austerity book summary
What do you get from this book? Discover how austerity can damage society and cause irreparable harm to the economy
Austerity causes the working class to pay for the mistakes of those too big to fail
Global economies are tied together and economic issues often cross borders
People who claim austerity is a good idea are eschewing responsibility
Austerity allows governments to use their citizens as a source of capital which sets a dangerous precedent
Anti-austerity reforms are often required to stimulate the economy in order to achieve a real recovery
We must stand up to austerity in order to prevent bad decisions from being dumped onto the taxpayer
Summary of the key insights
Selected critiques in brief
Final word
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Austerity — Book Summary Snapshot
Who should read Austerity book
- Economic historians
- banking industry analysts
- political science majors and economics students
- politicians and parliamentarians
About the author of Austerity
Mark Blyth
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.
Books similar to Austerity
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What Has Gone Wrong with Our Economy and Our Democracy, and How to Fix It. Alfred A. Knopf, 2012.
Alan S. Blinder
The Financial Crisis, the Response, and the Work Ahead. Penguin, 2013.
Yanis Varoufakis
My Battle with Europe’s Deep Establishment. Vintage, 2018
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