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Austerity: The History of a Dangerous Idea
by Mark Blyth
Nov. 30, 2017 - Nov. 30, 2017 (read/capitalism-etc)

Blyth, M. (2015). Austerity: The History of a Dangerous Idea. Oxford University Press.


Oxford University Press, 2015. 336 pages. Paperback. 9780199389445

17 11
10

p.140
ordoliberal »
the German variant of social liberalism that emph…
p.268
Hartz reforms »
a set of recommendations submitted by a committee…
p.241
financial repression »
(from the FT so, grain of salt) measures by gover…
p.241
sobriquet »
(noun) a descriptive name or epithet; nickname
p.215
inter alia »
among other things
p.196
the Nazi immediate economic program
The centerpiece of their July 1932 election propa…
p.193
hyperinflation was deliberate
[...] the German government's deliberate policy, …
p.172
consumers anticipate a reduction in the tax burden
[...] in the absence of any significant liquidity…
p.160
moral hazard is just trust
[...] what economists call moral hazard is what n…
p.123
crowding out private capital
The Treasury's argument, echoing Hume and Smith, …

ix

Preface
Austerity, a Personal History

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ix

Preface
Austerity, a Personal History

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21

2. America: Too Big to Fail?
Bankers, Bailouts, and Blaming the State

1 / 2
21

America: Too Big to Fail?
Bankers, Bailouts, and Blaming the State

1 / 2
51

3. Europe--Too Big to Bail
The Politics of Permanent Austerity

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51

Europe--Too Big to Bail
The Politics of Permanent Austerity

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97

Introduction to Chapters 4, 5, and 6
Austerity's Intellectual and Natural Histories

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97

Introduction to Chapters 4, 5, and 6
Austerity's Intellectual and Natural Histories

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178

6. Austerity's Natural History, 1914-2012

during the Belle Epoque, states were neither large enough to pursue any policy other than laissez-faire (specifically, austerity) nor democratic enough for that to pose a problem for austerity. link to gold standard as well: cutting wages/prices to remain on the standard only works if you're not a democracy (otherwise people revolt)

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178

Austerity's Natural History, 1914-2012

during the Belle Epoque, states were neither large enough to pursue any policy other than laissez-faire (specifically, austerity) nor democratic enough for that to pose a problem for austerity. link to gold standard as well: cutting wages/prices to remain on the standard only works if you're not a democracy (otherwise people revolt)

3 / 2
245
1 / 0
245