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008			131107s2014 ctu b 001 0 eng
010			_a 2013041994
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020			_a0300203934 : _c26.00
040			_aDLC _beng _cDLC _erda _dDLC
042			_apcc
050	0	0	_aHC79.C6 _bS263 2014
069			_a09028249
090			_aHC 79 .C6 S263 2014
090			_aHC 79 .C6 S263 2014
100	1		_aSchui, Florian, _d1973- _9161049
245	1	0	_aAusterity : _bthe great failure / _cFlorian Schui.
260		1	_aNew Haven : _bYale University Press, _c[2014]
300			_a219 pages ; _c23 cm
504			_aIncludes bibliographical references (p. [195]-201) and index.
505			_aIntroduction -- Austere ideas for austere societies : from Aristotle to Aquinas -- Austerity v. reason : from Mandeville to Voltaire -- Austerity for capitalism : from Smith to Weber -- Austerity for stability : from the Great War to the next -- Austerity can wait : Keynes -- Austerity for the state : Hayek -- Austerity for the planet : green ideas of consumption -- Is greed good?
520			_aAusterity is at the center of political debates today. Its defenders praise it as a panacea that will prepare the ground for future growth and stability. Critics insist it will precipitate a vicious cycle of economic decline, possibly leading to political collapse. But the notion that abstinence from consumption brings benefits to states, societies, or individuals is hardly new. This book puts the debates of our own day in perspective by exploring the long history of austerity - a popular idea that lives on despite a track record of dismal failure. Florian Schui shows that arguments in favor of austerity were - and are today - mainly based on moral and political considerations, rather than on economic analysis. Unexpectedly, it is the critics of austerity who have framed their arguments in the language of economics. Schui finds that austerity has failed intellectually and in economic terms every time it has been attempted. He examines thinkers who have influenced our ideas about abstinence from Aristotle through such modern economic thinkers as Smith, Marx, Veblen, Weber, Hayek, and Keynes, as well as the motives behind specific twentieth-century austerity efforts. The persistence of the concept cannot be explained from an economic perspective, Schui concludes, but only from the persuasive appeal of the moral and political ideas linked to it.
650		0	_aConsumption (Economics) _xHistory. _9161050
650		0	_aThriftiness _xHistory. _9104010
650		0	_aSaving and investment _xHistory. _918145
650		0	_aEconomic policy _xHistory. _9161051
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