Tag Archives: austerity

The debt crisis and austerity in the Eurozone: social and political impacts

During the past six years, the countries of the European periphery – Portugal, Ireland, Italy, Greece and Spain – have been experiencing severe economic-financial crises. In the shadow of these drastic events, the EU institutions and the IMF initiated “bailout programs” for … Continue reading

Posted in Books | Tagged , , , , , , , , , , , , | 3 Comments

Ethnographies of austerity

Austerity is not about numbers, economic data or amorphous macro-scale policies; Austerity is about people. Middle and working-class people, they are the ones who bear the brunt of oppressive neoliberalism and carry the depressing burdens of austerity in their everyday life: increasing unemployment, … Continue reading

Posted in Books | Tagged , , , , , , , , | 2 Comments

Get free from the dogmas of the apostles of austerity: Fifteen Fatal Fallacies of Financial Fundamentalism

Just three days before he passed away, a notable Columbia University professor of economics William Vickrey was awarded 1996 Nobel Prize in Economic Sciences for fundamental contribution to the economic theory of incentives under asymmetric information. Throughout his prolific career, Vickrey developed methods … Continue reading

Posted in Papers | Tagged , , , , , , , , | 2 Comments

The “responsible”, the “irresponsible” and the Political Economy of the Sovereign Debt Crisis

There are “irresponsible” countries (Greece, Ireland, Italy, Portugal and Spain) which caused the current crisis; and there are “responsible” governments (Germany), which for some reason are asked to repay others’ debts and have the right to refuse to bail “irresponsibles” out and to insist the … Continue reading

Posted in Papers | Tagged , , , , , , , , , | 2 Comments

Liberté, Égalité, Fraternité — OUT; Austérité, Précarité, Compétitivité — IN

President Hollande ordered to form new government after crisis triggered by ministers calling for end to austerity policies. Liberté, Égalité, Fraternité — OUT Austérité, Précarité, Compétitivité — IN Take a look at this interesting analysis by Arthur Goldhammer of the … Continue reading

Posted in Community members posts | Tagged , , | Leave a comment

Austerity Politics and Policy in the EU and the Eurozone crisis

One of the key aims of “The Politics of Austerity and Public Policy Reform in the EU”, Political Studies Review symposium is to reconsider the theoretical tools available for understanding political and policy responses to the Eurozone crisis. Current EU developments and … Continue reading

Posted in Papers | Tagged , , , , , , | Leave a comment

“Politics in the Age of Austerity” analyzes the dilemmas governments face as they seek to reconcile the conflicting demands of voters and ‘the markets’

This insightful volume, edited by Wolfgang Streeck and Armin Schafer, is an important contribution to the contemporary literature on the political economy of the advanced capitalist countries. In a world of increasing austerity measures, democratic politics comes under pressure. With … Continue reading

Image | Posted on by | Tagged , , , , , , | Leave a comment

The Greek crisis is not just about Greece. “Greece, Financialization and the EU: The Political Economy of Debt and Destruction” opens a new point of view on the global and the European crisis

When the global financial crisis spread to Europe and its weak periphery through the banking sector, few contemplated that the real causes of the crisis did not reside only in the faulty architectures of globalisation and European integration but also … Continue reading

Posted in Books | Tagged , , , , , , , | 1 Comment

Austerity: we are not all in it together

By Michael Kitson, Ron Martin, and Peter Tyler Europe has a Greek tragedy; the US is grappling with a Tea Party; and in the UK we have the economic consequences of austerity.   The focus is budget deficits, public expenditure cuts … Continue reading

Posted in Papers | Tagged , , , , , | Leave a comment