Austerity: The Great Failure PDF (Adobe DRM) download by Florian Schui

Austerity: The Great Failure

Yale University Press
Publication date: March 2014
ISBN: 9780300206241
Digital Book format: PDF (Adobe DRM)

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Austerity is at the center of political debates today. Its defenders praise it as a panacea that will prepare the ground for future growth and stability. Critics insist it will precipitate a vicious cycle of economic decline, possibly leading to political collapse. But the notion that abstinence from consumption brings benefits to states, societies, or individuals is hardly new. This book puts the debates of our own day in perspective by exploring the long history of austerity—a popular idea that lives on despite a track record of dismal failure.

Florian Schui shows that arguments in favor of austerity were—and are today—mainly based on moral and political considerations, rather than on economic analysis. Unexpectedly, it is the critics of austerity who have framed their arguments in the language of economics. Schui finds that austerity has failed intellectually and in economic terms every time it has been attempted. He examines thinkers who have influenced our ideas about abstinence from Aristotle through such modern economic thinkers as Smith, Marx, Veblen, Weber, Hayek, and Keynes, as well as the motives behind specific twentieth-century austerity efforts. The persistence of the concept cannot be explained from an economic perspective, Schui concludes, but only from the persuasive appeal of the moral and political ideas linked to it.
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Austerity: The Great Failure PDF (Adobe DRM) download by Florian Schui
Yale University Press, March 2014
ISBN: 9780300206241
EAN:  2370005127841
PDF (Adobe DRM)
List Price: $26.00 eBook price: $24.99
Austerity: The Great Failure ePub (Adobe DRM) download by Florian Schui
Yale University Press, March 2014
ISBN: 9780300206241
EAN:  9780300206241
ePub (Adobe DRM)
List Price: $26.00 eBook price: $24.99
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