Following the 2007 - 08 global financial crisis, Western nations
engaged a variety of measures that departed quite dramatically from
conventional neoliberal wisdom. However, these policies were
quickly succeeded by what we now call "austerity" measures. This
collection engages with the question: Is there something new in
this era of austerity, or should this be understood as a
continuation and intensification of earlier forms of neoliberalism?
Finally, Jim Stanford's afterword probes to the heart of the
question of why austerity in the first place.
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