The capital order : how economists invented austerity and paved the way to fascism
"For more than a century, governments facing financial crisis have resorted to the economic policies of austerity -cuts to wages, fiscal spending, and public benefits -as a means to regain solvency. While these policies have been successful in appeasing creditors, they've had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question...