Austerity When is it a Mistake and when is it Necessary?
Austerity When is it a Mistake and when is it Necessary? by John Fender, published by Agenda Publishing in 2020, explores the complex topic of austerity in economic policy. This 135-page book provides an overview of how austerity measures, implemented by governments since the 2008 financial crisis, affect spending, taxation, and welfare budgets. Fender examines the theoretical underpinnings of austerity, alongside its practical implications, particularly in the UK and the eurozone.
Readers will find a clear and rigorous guide to the principles of austerity economics, along with a balanced account of the debates surrounding these policies. The book addresses critical questions regarding the necessity and desirability of austerity, as well as the potential for mitigating its adverse effects. By delving into economic history and current policy considerations, this edition serves as a valuable resource for those interested in understanding the implications of austerity in the context of contemporary economic challenges.
Official synopsis Publisher
Austerity has dominated economic debate since the financial crisis of 2008. Governments have implemented austerity policies by reducing their spending on goods and services, increasing taxation and cutting welfare budgets.
John Fender explains how austerity (or “fiscal consolidation”) works in theory and how it has played out in practice especially in the UK and the eurozone. He provides a clear and rigorous guide to the principles and mechanisms of austerity economics and offers a balanced account of the economic thinking behind contentious policy decisions.
Boris Johnson has said that the UK government “has absolutely no intention of returning to the ‘A-word’”, but with the Covid-19 crisis likely to result in much more government debt, it will be difficult to avoid more austerity. Understanding the impact of austerity policies is more important than ever and this book offers a first step on that path. For anyone seeking answers to such questions as: “What can we learn from the UK’s economic history that is relevant to current policy?”, “Is austerity ever necessary or desirable?” and “Can the harmful effects of austerity programmes be mitigated?” then this book will be welcome reading.
Publisher
Topics
FAQ
What is “Austerity When is it a Mistake and when is it Necessary?” about?
Who is the author of “Austerity When is it a Mistake and when is it Necessary?”?
When was “Austerity When is it a Mistake and when is it Necessary?” published?
What is the ISBN for “Austerity When is it a Mistake and when is it Necessary?”?
What are the book details (language, pages, edition)?
