Research Catalog

Austerity : the great failure

Title
Austerity : the great failure / Florian Schui.
Author
Schui, Florian, 1973-
Publication
  • New Haven : Yale University Press, [2015]
  • ©2014
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Inhaltsverzeichnis

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TextUse in library JFD 15-4156Schwarzman Building - Main Reading Room 315

Details

Description
219 pages; 23 cm
Summary
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.
Subject
  • Consumption (Economics) > History
  • Thriftiness > History
  • Saving and investment > History
  • Economic policy > History
  • Haushaltsdefizit
  • Sparpolitik
  • Öffentlicher Haushalt
  • Consumption (Economics)
  • Economic policy
  • Saving and investment
  • Thriftiness
Genre/Form
History.
Bibliography (note)
  • Includes bibliographical references (p. [195]-201) and index.
Contents
Introduction -- Austere ideas for austere societies : from Aristotle to Aquinas -- Austerity v. reason : from Mandeville to Voltaire -- Austerity for capitalism : from Smith to Weber -- Austerity for stability : from the Great War to the next -- Austerity can wait : Keynes -- Austerity for the state : Hayek -- Austerity for the planet : green ideas of consumption -- Is greed good?
Call Number
JFD 15-4156
ISBN
  • 9780300203936 (cl : alk. paper)
  • 0300203934 (cl : alk. paper)
  • 9780300212778 (paperback)
  • 0300212771 (paperback)
LCCN
2013041994
OCLC
861677228
Author
Schui, Florian, 1973-
Title
Austerity : the great failure / Florian Schui.
Publisher
New Haven : Yale University Press, [2015]
Copyright Date
©2014
Type of Content
text
Type of Medium
unmediated
Type of Carrier
volume
Bibliography
Includes bibliographical references (p. [195]-201) and index.
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Inhaltsverzeichnis
Research Call Number
JFD 15-4156
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