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Austerity in the Tension Between Capitalism and Democracy

  • Robert SkidelskyEmail author
  • Nicolò Fraccaroli
Chapter

Abstract

As the global financial system was about to disintegrate, nation-states had to restore economic confidence by socializing the bad loans licensed in compensation for fiscal consolidation.

Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.University of WarwickCoventryUK
  2. 2.London School of Economics and Political ScienceLondonUK

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