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Austerity Politics and UK Economic Policy

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Austerity Politics and UK Economic Policy/ by Craig Berry.
Author:	Berry, Craig.
Description:	XII, 116 p.online resource. :
Contained By:	Springer Nature eBook
Subject:	Political economy. -
Online resource:	https://doi.org/10.1057/978-1-137-59010-7
ISBN:	9781137590107

Austerity Politics and UK Economic Policy
Berry, Craig.

Austerity Politics and UK Economic Policy[electronic resource] /by Craig Berry. - 1st ed. 2016. - XII, 116 p.online resource. - Building a Sustainable Political Economy: SPERI Research & Policy. - Building a Sustainable Political Economy: SPERI Research & Policy.

1. Introduction: Austerity and Growth -- 2. Financialisation and the Property-Owning Democracy -- 3. Industrial Decline and the Myth of Rebalancing -- 4. Welfare Retrenchment and the Perversion of Full Employment -- 5. Deficit Reduction and Budget Irresponsibility -- 6. What's Left? -- 7. Conclusion -- .

Craig Berry assesses UK economic policy in the wake of the financial crisis through the lens of the austerity agenda, focusing on monetary policy, economic rebalancing, industrial and regional policy, the labour market, welfare reform and budgetary management. He argues that austerity is geared towards a resurrection of financialisation and the UK’s pre-crisis economic model, through the transformation of individual behaviour and demonisation of the state. Cutting public spending and debt in the short term is, at most, a secondary concern for the UK policy elite. However, the underlying purpose of austerity is frequently misunderstood due to its conflation with a narrow deficit reduction agenda, not least by its Keynesian critics. Berry also demonstrates how austerity has effectively dismantled the prospect of a centre-left alternative to neoliberalism.

ISBN: 9781137590107

Standard No.: 10.1057/978-1-137-59010-7doiSubjects--Topical Terms:

809016
Political economy.

LC Class. No.: JA77

Dewey Class. No.: 338.9

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