The rise and fall of global austerity / by E. Ray Canterbery (Florida State University, USA).

Format:

Book

Author/Creator:

Canterbery, E. Ray.

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009.

Recessions--History--21st century.

Recessions.

Economic policy--21st century.

Economic policy.

History.

Genre:

History.

Physical Description:

xii, 300 pages : illustrations ; 24 cm

Place of Publication:

Hackensack, NJ : World Scientific Pub. Co. Pte. Ltd., 2015.

Summary:

Since its onset in late 2007, few expected the Great Recession to be protracted for over half a decade across the world. The Rise and Fall of Global Austerityexplains the origins and history of austerity, severe implications of the idea of it and how the continuation of the Great Recession was a by-product of austerity measures. Covering austerity policies that are in place in the United States, Europe and other countries, E Ray Canterbery explains why austerity is detrimental for economies, economic policy and the general health of populations around the world. He highlights the connection between public debt and austerity policies and shows how the austerity lobby works in the United States to achieve its goals. Besides presenting a critique of the rationale for austerity, Canterbery also recommends monetary, fiscal and incomes policy remedies, and stresses why economic growth and full employment are more ideal and pragmatic antidotes to the Great Recession. Book jacket.

Contents:

Introduction

A brief history of austerity

Expansionary austerity in the 21st century

The housing bubble collapse

Housing's trickle-down effects

The global great recession

Public debt and global austerity

Ultra-austerity in europe

How austerity kills

The austerity lobby

Monetary remedies

Fiscal remedies

Incomes policy remedies

The importance of economic growth and full employment.

ISBN:

9789814603485

9814603481

OCLC:

882619934