Austerity Schui Florian
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…
Specifikacia Austerity Schui Florian
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
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