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Title: Review of 'Austerity: the History of a Dangerous Idea' by Mark Blyth: Oxford University Press, $29.95 hb, 288 pp, 9780199828302
Contributor(s): Walsh, Adrian J  (author)orcid 
Publication Date: 2014
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Abstract: Mark Blyth's 'Austerity: The History of a Dangerous Idea' is at heart a morality tale, or, more accurately, an account of two competing and diametrically opposed morality tales jostling to explain both the recent Global Financial Crisis (GFC) that engulfed much of Europe in 2008 and the austerity policies that were implemented by most governments in that region in its aftermath. According to proponents of austerity, economic growth can only be achieved through reductions in state spending. Blyth argues with great passion and intelligence that the austerity policies, which have involved severe cuts to government services and higher tax rates for average wage-earners, have not only caused great misery but are, in the end, economically counter-productive.
Publication Type: Review
Source of Publication: Australian Book Review, April(360), p. 10-11
Publisher: Australian Book Review Inc
Place of Publication: Melbourne, Australia
ISSN: 0155-2864
Field of Research (FOR): 220199 Applied Ethics not elsewhere classified
220319 Social Philosophy
220102 Business Ethics
Socio-Economic Outcome Codes: 950402 Business Ethics
950407 Social Ethics
970122 Expanding Knowledge in Philosophy and Religious Studies
HERDC Category Description: D3 Review of Single Work
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