Tag Archives: austerity

Did Neoliberalism and Austerity Cause Brexit? Yes.

Posted on August 14, 2018 by Oleg Komlik

While the Brexit process is underway and UK politicians are tearing themselves apart over this overwhelmingly and multidimensionally complicated issue, an economics professor from Warwick University Thiemo Fetzer provides ample and comprehensive evidence that the austerity-induced withdrawal of the welfare state brought about by the Conservative-led … Continue reading →

Posted in Papers | Tagged austerity, Economic Sociology, neoliberalism, policy, Political economy, politics, United Kingdom, welfare | 1 Comment

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

Posted on April 1, 2016 by Oleg Komlik

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 austerity, banking system, debt, European Union, Eurozone crisis, financial crisis, Greece, monetary policy, policy, Political economy, politics, Spain, welfare | 4 Comments

Ethnographies of austerity

Posted on February 10, 2016 by Oleg Komlik

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 austerity, ‪culture, class, debt, ethnography, globalization, neoliberalism, policy, state | 2 Comments

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

Posted on August 15, 2015 by Oleg Komlik

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

Posted in Papers | Tagged austerity, ‎market‬ ‪‎fundamentalism, debt, economics, fiscal sociology, inflation, neoliberalism, policy, unemployment | 2 Comments

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

Posted on March 25, 2015 by Oleg Komlik

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 austerity, debt, democracy, devaluation, European Union, Germany, Greece, policy, politics, state | 2 Comments

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

Posted on August 25, 2014 by Oleg Komlik

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 Oleg Komlik | Tagged austerity, France, policy | Leave a comment

Austerity Politics and Policy in the EU and the Eurozone crisis

Posted on May 12, 2014 by Oleg Komlik

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 austerity, European Union, global political economy, Greece, policy, politics, Spain | 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’

Posted on April 9, 2014 by Oleg Komlik

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 April 9, 2014 by Oleg Komlik | Tagged austerity, democracy, financial crisis, policy, Political economy, politics, Representation (politics) | 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

Posted on February 27, 2014 by Oleg Komlik

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 →