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The Austerity State (Hardcover)
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The Austerity State (Hardcover)
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The fall-out from the economic and financial crisis of 2008 had
profound implications for countries across the world, leading
different states to determine the best approach to mitigating its
effects. In The Austerity State, a group of established and
emerging scholars tackles the question of why states continue to
rely on policies that, on many levels, have failed. After 2008,
austerity policies were implemented in various countries, a fact
the contributors link to the persistence of neoliberalism and its
accepted wisdoms about crisis management. In the immediate
aftermath of the 2008 collapse, governments and central banks
appeared to adopt a Keynesian approach to salvaging the global
economy. This perception is mistaken, the authors argue. The
"austerian" analysis of the crisis is ahistorical and shifts the
blame from the under-regulated private sector to public, or
sovereign, debt for which public authorities are responsible. The
Austerity State provides a critical examination of the accepted
discourse around austerity measures and explores the reasons behind
its continued prevalence in the world.
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