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Austerity is grounded in liberal economics' view of the state and sovereign debt as deeply problematic. Blyth traces the discourse of austerity back to John Locke's theory of private property and derivative theory of the state, David Hume's ideas about money and the virtue of merchants, and Adam Smith's
Austerity is a policy of deficit-cutting, which by definition requires lower spending, higher taxes, or both. Austerity or Austere may also refer to: Music.
Second, austerity urbanism is a type of urbanism that shows the repercussions of austerity. The critical situation of the economy has a significant effect on the development of cities. Investors, due to economic crisis and lack of attractive investment options, reduce the amount of money they invest in cities, leaving neighborhoods or entire ...
A laconic phrase or laconism is a concise or terse statement, especially a blunt and elliptical rejoinder. [1] [2] It is named after Laconia, the region of Greece including the city of Sparta, whose ancient inhabitants had a reputation for verbal austerity and were famous for their often pithy remarks.
Austerity: The History of a Dangerous Idea is a 2013 book by Mark Blyth that explores the economic policy of austerity.Studying the use of austerity around the world up to the early 2010s and tracing its intellectual lineage, Blyth argues that the case for increasing economic growth through austerity is overstated, is counterproductive when implemented during recessions, and has exacerbated ...
Two teenage girls have been arrested in connection to the murder of 13-year-old Ka'Niyah Baker in South Carolina, police say.
Austerity policies are most generally characterised by a reduction of public spending in general, and not necessarily in the "physical economy". Whether or not "physical economy" is a "LaRouchism" is irrelevant; the term should not be in the article, except maybe in one sentence closer to the end. Mat334 02:16, 19 December 2005 (UTC)
The first austerity period took place during the premierships of David Cameron (R) and Theresa May (L) A UK government budget surplus in 2001-2 was followed by many years of budget deficit, [16] and following the 2008 financial crisis, a period of economic recession began in the country. The first austerity measures were introduced in late 2008 ...