Author: Wolfgang Streeck
Publisher: John Wiley & Sons
ISBN: 0745670083
Category : Political Science
Languages : en
Pages : 465
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Book Description
In a world of increasing austerity measures, democratic politics comes under pressure. With the need to consolidate budgets and to accommodate financial markets, the responsiveness of governments to voters declines. However, democracy depends on choice. Citizens must be able to influence the course of government through elections and if a change in government cannot translate into different policies, democracy is incapacitated. Many mature democracies are approaching this situation as they confront fiscal crisis. For almost three decades, OECD countries have - in fits and starts - run deficits and accumulated debt. As a result, an ever smaller part of government revenue is available today for discretionary spending and social investment and whichever party comes into office will find its hands tied by past decisions. The current financial and fiscal crisis has exacerbated the long-term shrinking government discretion; projects for political change have lost credibility. Many citizens are aware of this situation: they turn away from party politics and stay at home on Election Day. With contributions from leading scholars in the forefront of sociology, politics and economics, this timely book will be of great interest to students and scholars throughout the social sciences as well as general readers.
Author: Kieran Walsh
Publisher: Policy Press
ISBN: 1447316231
Category : Political Science
Languages : en
Pages : 208
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Book Description
Demographic ageing is identified as a global challenge with significant social policy implications. This book explores these implications, with a particular focus on the pressures and prospects for ageing societies in the context of austerity. The book presents a carefully crafted study of ageing in Ireland, one of the countries hardest hit by the Eurozone financial crisis. Providing a close, critical analysis of ageing and social policy that draws directly on the perspectives of older people, the text makes significant advances in framing alternatives to austerity-driven government policy and neoliberalism, giving a refreshing interdisciplinary account of contemporary ageing.
Author: Thomas J. Schoenbaum
Publisher: Edward Elgar Publishing
ISBN: 1781951454
Category : Political Science
Languages : en
Pages : 225
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Book Description
This provocative look at the global financial crisis argues that the United States, the European Union and Japan have intentionally and unwittingly adopted wrong-headed economic policies in a futile attempt to deal with sovereign debt resulting from the global financial crisis. It offers persuasive evidence of how the politics of austerity fail to encourage economic recovery, and proposes instead a number of alternative ideas and solutions. The book begins with a detailed breakdown of the financial crisis and the government response in the United States, with particular focus on the Dodd-Frank Wall Street Reform and Consumer Protection Act. The author then puts forth a basic three-part plan calling for (1) fundamental tax and entitlement reform; (2) massive economic stimulus in the form of public and private investment to modernize the countryÍs aging infrastructures; and (3) mortgage relief to revitalize the nationÍs housing markets. The book concludes with specific policy proposals designed to achieve these goals and return the US economy to a state of full employment and robust economic growth. This timely and insightful volume will appeal to students and scholars of economics, public policy and finance, as well as anyone with an interest in the recent economic history of the United States.
Author: Thomas Byrne Edsall
Publisher: Anchor
ISBN: 0385535201
Category : Political Science
Languages : en
Pages : 320
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Book Description
One of our most prescient political observers provides a sobering account of how pitched battles over scarce resources will increasingly define American politics in the coming years—and how we might avoid, or at least mitigate, the damage from these ideological and economic battles. In a matter of just three years, a bitter struggle over limited resources has enveloped political discourse at every level in the United States. Fights between haves and have-nots over health care, unemployment benefits, funding for mortgage write-downs, economic stimulus legislation—and, at the local level, over cuts in police protection, garbage collection, and in the number of teachers—have dominated the debate. Elected officials are being forced to make zero-sum choices—or worse, choices with no winners. Resource competition between Democrats and Republicans has left each side determined to protect what it has at the expense of the other. The major issues of the next few years—long-term deficit reduction; entitlement reform, notably of Social Security, Medicare, and Medicaid; major cuts in defense spending; and difficulty in financing a continuation of American international involvement—suggest that your-gain-is-my-loss politics will inevitably intensify.
Author: Alberto Alesina
Publisher: Princeton University Press
ISBN: 0691208638
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
A revealing look at austerity measures that succeed—and those that don't Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. Bringing needed clarity to one of today's most challenging economic issues, three leading policy experts cut through the political noise to demonstrate that there is not one type of austerity but many. Austerity assesses the relative effectiveness of tax increases and spending cuts at reducing debt, shows that austerity is not necessarily the kiss of death for political careers as is often believed, and charts a sensible approach based on data analysis rather than ideology.
Author: Alberto Alesina
Publisher: University of Chicago Press
ISBN: 022601844X
Category : Business & Economics
Languages : en
Pages : 596
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Book Description
The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.
Author: Richard N. Matzen Jr.
Publisher: Utah State University Press
ISBN: 1607328941
Category : Language Arts & Disciplines
Languages : en
Pages : 187
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Book Description
Weathering the Storm assesses the socioeconomic and political conditions that have surrounded the rise of independent writing programs (IWPs) and departments. Chapter contributors look at the institutional conditions and challenges that IWPs have faced since the 1980s with a focus on enduring the financial collapse of 2008. Leading writing specialists at the University of Texas at Austin, Syracuse University, the University of Minnesota, and many other institutions document and think carefully about the on-the-ground obstacles that have made the creation of IWPs unique. From institutional naysayers in English departments to skeptical administrators, IWPs and the faculty within them have surmounted not only negative economics but also negative rhetorics. This collection charts the story of this journey as writing faculty continually make the case for the importance of writing in the university curriculum. Independence has, for the most part, allowed IWPs to better respond to the Great Recession, but to do so they have had to define writing studies in relation to other disciplines and departments. Weathering the Storm will be of great interest to faculty and graduate students in rhetoric and composition, writing program administrators, and writing studies and English department faculty. Contributors: Linda Adler-Kassner, Lois Agnew, Alice Batt, David Beard, Davida Charney, Amy Clements, Diane Davis, Frank Gaughan, Heidi Skurat Harris, George H. Jensen, Rodger LeGrand, Drew M. Loewe, Mark Garrett Longaker, Cindy Moore, Peggy O’Neill, Chongwon Park, Louise Wetherbee Phelps, Mary Rist, Valerie Ross, John J Ruszkiewicz, Eileen E. Schell, Madeleine Sorapure, Chris Thaiss, Patrick Wehner, Jamie White-Farnham, Carl Whithaus, Traci A. Zimmerman
Author: Baines, Donna
Publisher: Bristol University Press
ISBN: 152920867X
Category : Business & Economics
Languages : en
Pages : 364
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Book Description
Austerity was presented as the antidote to sluggish economies, but it has had far-reaching effects on jobs and employment conditions. With an international team of editors and authors from Europe, North America and Australia, this illuminating collection goes beyond a sole focus on public sector work and uniquely covers the impact of austerity on work across the private, public and voluntary spheres. Drawing on a range of perspectives, the book engages with the major debates surrounding austerity and neoliberalism, providing grounded analysis of the everyday experience of work and employment.
Author: David Stuckler
Publisher: Basic Books
ISBN: 0465063977
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
Politicians have talked endlessly about the seismic economic and social impacts of the recent financial crisis, but many continue to ignore its disastrous effects on human health—and have even exacerbated them, by adopting harsh austerity measures and cutting key social programs at a time when constituents need them most. The result, as pioneering public health experts David Stuckler and Sanjay Basu reveal in this provocative book, is that many countries have turned their recessions into veritable epidemics, ruining or extinguishing thousands of lives in a misguided attempt to balance budgets and shore up financial markets. Yet sound alternative policies could instead help improve economies and protect public health at the same time. In The Body Economic, Stuckler and Basu mine data from around the globe and throughout history to show how government policy becomes a matter of life and death during financial crises. In a series of historical case studies stretching from 1930s America, to Russia and Indonesia in the 1990s, to present-day Greece, Britain, Spain, and the U.S., Stuckler and Basu reveal that governmental mismanagement of financial strife has resulted in a grim array of human tragedies, from suicides to HIV infections. Yet people can and do stay healthy, and even get healthier, during downturns. During the Great Depression, U.S. deaths actually plummeted, and today Iceland, Norway, and Japan are happier and healthier than ever, proof that public wellbeing need not be sacrificed for fiscal health. Full of shocking and counterintuitive revelations and bold policy recommendations, The Body Economic offers an alternative to austerity—one that will prevent widespread suffering, both now and in the future.
Author: Stephen McBride
Publisher: University of Toronto Press
ISBN: 1487521952
Category : Political Science
Languages : en
Pages : 348
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Book Description
"This volume focuses on the state's role in managing the fall-out from the global economic and financial crisis since 2008. For a brief moment, roughly from 2008-2010, governments and central banks appeared to borrow from Keynes to save the global economy. The contributors, however, take the view that to see those stimulus measures as "Keynesian" is a misinterpretation. Rather, neoliberalism demonstrated considerable resiliency despite its responsibility for the deep and prolonged crisis. The "austerian" analysis of the crisis is--historical, ignores its deeper roots, and rests upon a triumph of discourse involving blame-shifting from the under-regulated private sector to public or sovereign debt--for which the public authorities are responsible."--
