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Austerity vs Stimulus

The Political Future of Economic Recovery

  • Robert Skidelsky
  • Nicolò Fraccaroli

Table of contents

  1. Front Matter
    Pages i-xxiii
  2. The Politics of the Debate

    1. Front Matter
      Pages 1-1
    2. Robert Skidelsky, Nicolò Fraccaroli
      Pages 3-8
  3. The Two Sides of the Debate

    1. Front Matter
      Pages 9-9
    2. Robert Skidelsky, Nicolò Fraccaroli
      Pages 11-15
    3. Robert Skidelsky, Nicolò Fraccaroli
      Pages 17-34
    4. Robert Skidelsky, Nicolò Fraccaroli
      Pages 35-54
  4. Confidence: The Object of the Debate

    1. Front Matter
      Pages 55-55
    2. Robert Skidelsky, Nicolò Fraccaroli
      Pages 57-61
    3. Robert Skidelsky, Nicolò Fraccaroli
      Pages 63-65
    4. Robert Skidelsky, Nicolò Fraccaroli
      Pages 67-70
    5. Robert Skidelsky, Nicolò Fraccaroli
      Pages 71-76
    6. Robert Skidelsky, Nicolò Fraccaroli
      Pages 77-85
    7. Robert Skidelsky, Nicolò Fraccaroli
      Pages 87-90
  5. Austerity vs Stimulus in the UK

    1. Front Matter
      Pages 91-91
    2. Robert Skidelsky, Nicolò Fraccaroli
      Pages 93-94
    3. Robert Skidelsky, Nicolò Fraccaroli
      Pages 95-97
    4. Robert Skidelsky, Nicolò Fraccaroli
      Pages 99-107
    5. Robert Skidelsky, Nicolò Fraccaroli
      Pages 109-115
    6. Robert Skidelsky, Nicolò Fraccaroli
      Pages 117-125
    7. Robert Skidelsky, Nicolò Fraccaroli
      Pages 127-132
    8. Robert Skidelsky, Nicolò Fraccaroli
      Pages 133-135
    9. Robert Skidelsky, Nicolò Fraccaroli
      Pages 137-138
    10. Robert Skidelsky, Nicolò Fraccaroli
      Pages 139-147
  6. What’s Next?

    1. Front Matter
      Pages 149-149
    2. Robert Skidelsky, Nicolò Fraccaroli
      Pages 151-155
    3. Robert Skidelsky, Nicolò Fraccaroli
      Pages 157-159
    4. Robert Skidelsky, Nicolò Fraccaroli
      Pages 161-162
    5. Robert Skidelsky, Nicolò Fraccaroli
      Pages 163-176
  7. Back Matter
    Pages 177-183

About this book

Introduction

This timely book debates the economic and political logic of the austerity policies that have been implemented in the UK and in the Eurozone since 2010 and asks whether there is any alternative for these countries in the years ahead. The work reconsiders the austerity versus stimulus debate through the voices of those who proposed the successful idea of expansionary austerity and those who opposed it. The editors have brought together a collection of articles written by some of the most notable figures in the discipline, including the likes of Alberto Alesina, Ken Rogoff, Tim Besley, David Graeber, Vince Cable, and Paul Krugman. The book also features the debate between Niall Ferguson and Robert Skidelsky. These leading thinkers unveil a world where economists are far from agreeing on economic policy, and where politics often dominates the discussion. The question of whether the British government should have opted for austerity runs through the book, as well as how sustained economic recovery should be encouraged in the future. Scholars, students and members of the general public with an interest in the financial crisis and its lingering aftermath will find this work invaluable.

Keywords

Financial crisis Global economic recovery Sovereign debt crisis Economic confidence Restoration of fiscal balances Investment Keynes

Authors and affiliations

  • Robert Skidelsky
    • 1
  • Nicolò Fraccaroli
    • 2
  1. 1.University of Warwick WarwickUnited Kingdom
  2. 2.London School of Economics and Political LondonUnited Kingdom

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-50439-1
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-50438-4
  • Online ISBN 978-3-319-50439-1
  • Buy this book on publisher's site