|
Books > History > History of specific subjects > Economic history
|
Buy Now
Austerity - The Great Failure (Paperback)
Loot Price: R548
Discovery Miles 5 480
|
|
|
Austerity - The Great Failure (Paperback)
 (sign in to rate)
Loot Price R548
Discovery Miles 5 480
Expected to ship within 12 - 19 working days
|
In times of economic crisis austerity becomes a rallying cry, but
what does history tell us about its chances for success? 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.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
