Austerity : the great failure / Florian Schui.
Schui, Florian, 1973-
2014
HC79.C6 .S263 2014eb
Available Online (multiple)

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Title Austerity : the great failure / Florian Schui.
Author Schui, Florian, 1973-
ISBN 9780300206241 (electronic book)
9780300203936
Published New Haven, Connecticut : Yale University Press, 2014.
Copyright ©2014
Language English
Description 1 online resource (228 pages)
Call Number HC79.C6 .S263 2014eb
Dewey Decimal Classification 339.4/7
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.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Description based on print version record.
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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?

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