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JohnFender

Austerity: When is it a mistake and when is it necessary?

Austerity: When is it a mistake and when is it necessary?

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  • More about Austerity: When is it a mistake and when is it necessary?

Austerity has dominated economic debate since the 2008 financial crisis, with governments implementing policies by reducing spending, increasing taxation, and cutting welfare budgets. This book 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. With the Covid-19 crisis likely to result in more government debt, understanding the impact of austerity policies is more important than ever.

Format: Hardback
Length: 144 pages
Publication date: 10 September 2020
Publisher: Agenda Publishing


Austerity has been a dominant theme in economic discourse since the financial crisis of 2008. Governments have implemented austerity measures by reducing spending on goods and services, increasing taxation, and cutting welfare budgets. In this comprehensive guide, John Fender delves into the theoretical aspects of austerity and its practical applications, particularly in the UK and the eurozone. He offers a clear and rigorous analysis of the principles and mechanisms of austerity economics, providing a balanced account of the economic thinking behind contentious policy decisions.

While Boris Johnson has stated that the UK government has no intention of revisiting the A-word, the COVID-19 crisis is likely to lead to increased government debt, making further austerity measures difficult to avoid. Understanding the impact of austerity policies is crucial in this context, and this book serves as a valuable primer for those seeking answers to important questions such as: What lessons can we draw from the UK's economic history in shaping current policy? Is austerity ever necessary or desirable? Can the harmful effects of austerity programs be mitigated?

This book will be of interest to policymakers, economists, students, and anyone interested in exploring the complex dynamics of austerity and its implications for economic growth and social welfare.


Dimension: 216 x 138 (mm)
ISBN-13: 9781911116929

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