"The aggressive form of capitalism we call neoliberalism has spread across the globe, shoring up profits as earnings are whittled away and government supports are rolled back. This illuminating book helps to explain how this new kind of capitalism has unfolded in societies that are otherwise utterly different. You will want to read it to understand our current troubles."
Frances Fox Piven, City University of New York
"This volume takes us on a highly instructive whirlwind tour of austerity on five continents. The result is an indispensable account of what is wrong with the ideas, the rules, and the institutions that govern today's global economy."
Fred Block, University of California, Davis
"Shefner and Blad render us the service of clarifying the roots and the consequences of austerity. Their analysis is worth reading and engaging with."
Alejandro Portes, Princeton University
Chapter 1. Many Paths to Austerity
Chapter 2. From Development to the Lost Decade in Latin America
Chapter 3. African Austerity
Chapter 4. Austerity in Asia and Oceania
Chapter 5. The United States and the Inevitability of Austerity
Chapter 6. Austerity Lands in the European Union
Chapter 7. Why Austerity Persists
Bibliography
Jon Shefner is Professor and Head of Sociology at the University of Tennessee
Cory Blad is Professor of Sociology at Manhattan College