"Suzanne J. Konzelmann's book is an incredibly valuable contribution to the growing backlash against austerity. The broad and rich historical and international perspective confirms that these pernicious policies have a track record of failure."Geoff Tily, senior economist, Trades Union Congress"In the wake of the 2008 global financial crisis, austerity policies were imposed in many countries, with results ranging from disappointing to disastrous. Konzelmann shows how the logic of austerity was fundamentally undermined by the emergence of the welfare state in the twentieth century. Austerity policies threaten the automatic stabilizing effects of a large welfare state, and are therefore counterproductive."John Quiggin, University of Queensland
Chapter 1IntroductionChapter 2Shifting Responses to the Evolution of National Debt and the Economic Role of the StateChapter 3National Accounting and the Economics of AusterityChapter 4Selling Austerity - Economics, Politics and SocietyChapter 5Austerity and Welfare - An Unstable Mixture: Britain, Germany & the United States between the WarsChapter 6Austerity (and Stimulus) in Post-war Chile, America, Ireland and JapanChapterSome have Austerity thrust upon them, Others Embrace it: Ireland, Greece and the United Kingdom after the 2008 crisisChapter 8Post-2008 Variations on Austerity: Iceland and the United StatesChapter 9Austerity's political economic, ideological and socio-cultural dimensionsChapter 10ConclusionsNotesReferences
Suzanne J. Konzelmann is Reader in Management at Birkbeck, University of London