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Austerity: The History of a Dangerous Idea
     

Austerity: The History of a Dangerous Idea

4.2 4
by Mark Blyth
 

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Selected as a Financial Times Best Book of 2013

Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the

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Austerity: The History of a Dangerous Idea 4.3 out of 5 based on 0 ratings. 4 reviews.
davekDK More than 1 year ago
This book traces the intellectual history of "expansionary austerity" from the original concerns with the size of government expressed by Adam Smith, John Locke and David Hume through the Austrian school of economics to the present day. It explains how a private banking crisis became a sovereign debt crisis and then goes on to compare the results achieved by countries that adopted austerity in times of financial crisis with those that did not. The book's subtitle (the history of a dangerous idea) suggests the outcomes. Wonderful book.
Anonymous More than 1 year ago
This is the best common sense explanation of global monetary policy & theory available that I have read to date. The author is right up-front about what parts of the book you may want to read or skip. I read it cover-to cover and learned a lot. I may read it again to reinforce some of the knowledge within.
Anonymous More than 1 year ago
Anonymous More than 1 year ago