The Austerity State

Stephen McBride, Bryan Evans

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English

University of Toronto Press
31 August 2017

Economics; Employment & unemployment; Health economics; Welfare economics; Economic systems & structures

The fall-out from the economic and financial crisis of 2008 had profound implications for countries across the world, leading different states to determine the best approach to mitigating its effects. In The Austerity State, a group of established and emerging scholars tackles the question of why states continue to rely on policies that, on many levels, have failed.

After 2008, austerity policies were implemented in various countries, a fact the contributors link to the persistence of neoliberalism and its accepted wisdoms about crisis management. In the immediate aftermath of the 2008 collapse, governments and central banks appeared to adopt a Keynesian approach to salvaging the global economy. This perception is mistaken, the authors argue. The ""austerian"" analysis of the crisis is ahistorical and shifts the blame from the under-regulated private sector to public, or sovereign, debt for which public authorities are responsible.

The Austerity State provides a critical examination of the accepted discourse around austerity measures and explores the reasons behind its continued prevalence in the world.

Edited by: Stephen McBride, Bryan Evans
Imprint: University of Toronto Press
Country of Publication: Canada
Dimensions: Height: 228mm, Width: 154mm, Spine: 21mm
Weight: 530g
ISBN: 9781487521950
ISBN 10: 1487521952
Pages: 352
Publication Date: 31 August 2017
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Active

Stephen McBride is a professor and Canada Research Chair in Public Policy and Globalization in the Department of Political Science at McMaster University. Bryan Evans is a professor in the Department of Politics and Public Administration at Toronto Metropolitan University.

Reviews for The Austerity State

"""The Austerity State’s analyses of the causes and thinking behind the austerity policies of North American and European governments in our time make a very useful contribution to scholarship. The accounts here of the actual practices and social impacts of austerity policies are also so timely and up to date − and so much of the previous literature is broadly and deeply canvassed − that this book can be expected to immediately find its way onto the reading lists of a broad range of university courses."" -- Leo Panitch, Senior Scholar, Emeritus Distinguished Research Professor of Political Science and Canada Chair in Comparative Political Economy, York University ""The Austerity State addresses major themes that are crucial for political economy in our century."" -- Paul Kellogg, Centre for Interdisciplinary Studies, Athabasca University"