Why Austerity Persists (Paperback)

Jon Shefner

ISBN 10: 1509509879 / ISBN 13: 9781509509874

Published by John Wiley and Sons Ltd, Oxford, 2019

About this Item

Paperback. Several nations in the Global North have turned to austerity policies in an effort to resolve recent financial ills. What many failed to recognize is the longer history and varied pattern of such policies in the Global South over preceding decades policies which had largely proven to fail. Shefner and Blad trace the 45-year history of austerity and how it became the go-to policy to resolve a host of economic problems. The authors use a variety of international cases to address how austerity has been implemented, who has been hurt, and who has benefited. They argue that the policy has been used to address very different kinds of crises, making states and polities responsible for a variety of errors and misdeeds of private actors. The book answers a number of important questions: why austerity persists as a policy aimed at resolving national crises despite evidence that it often does not work; how the policy has evolved over recent decades; and which powerful people and institutions have helped impose it across the globe. This timely book will appeal to students, researchers, and policymakers interested in globalization, development, political economy, and economic sociology. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9781509509874

Bibliographic Details

• Title: Why Austerity Persists (Paperback)
• Publisher: John Wiley and Sons Ltd, Oxford
• Publication Date: 2019
• Language: English
• ISBN 10: 1509509879
• ISBN 13: 9781509509874
• Binding: Paperback
• Condition: new

About this title

Synopsis

Several nations in the Global North have turned to austerity policies in an effort to resolve recent financial ills. What many failed to recognize is the longer history and varied pattern of such policies in the Global South over preceding decades – policies which had largely proven to fail. 

Shefner and Blad trace the 45-year history of austerity and how it became the go-to policy to resolve a host of economic problems. The authors use a variety of international cases to address how austerity has been implemented, who has been hurt, and who has benefited. They argue that the policy has been used to address very different kinds of crises, making states and polities responsible for a variety of errors and misdeeds of private actors. The book answers a number of important questions: why austerity persists as a policy aimed at resolving national crises despite evidence that it often does not work; how the policy has evolved over recent decades; and which powerful people and institutions have helped impose it across the globe.

This timely book will appeal to students, researchers, and policymakers interested in globalization, development, political economy, and economic sociology.

About the Author

Jon Shefner is Professor and Head of Sociology at the University of Tennessee
Cory Blad is Professor of Sociology at Manhattan College