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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: 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 ...
There is no alternative" (TINA) is a political slogan originally arguing that liberal capitalism is the only viable system. At the turn of the 21st century the TINA rhetoric became closely tied to neoliberalism , and its traits of liberalization and marketization .
23. “In a time of deceit telling the truth is a revolutionary act.” 24. “Gambling, beer and football filled the horizons of their minds.” 25.
She traces the origins of modern austerity to post-World War I Britain and Italy, when it served as a "powerful counteroffensive" to rising working class agitation and anti-capitalist sentiment. In this, she quotes British economist G. D. H. Cole writing on the British response to the economic downturn of 1921:
What the Reinhart-Rogoff affair shows is the extent to which austerity has been sold on false pretenses. For three years, the turn to austerity has been presented not as a choice but as a necessity. Economic research, austerity advocates insisted, showed that terrible things happen once debt exceeds 90 percent of G.D.P.
27. “Ignorance, the root and stem of all evil.” 28. “Be kind, for everyone you meet is fighting a harder battle.” 29. “For a man to conquer himself is the first and noblest of all ...
These Black History Month quotes from notable figures, activists and politicians including Rosa Parks and Martin Luther King Jr. will inspire you all year long. 55 inspiring quotes to read during ...