Difference between revisions of "Austerity"

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[[Category:Austrian Economics]]
 
[[Category:Austrian Economics]]
 
[[Category:Shibboleth]]
 
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[[Category:Wall Street, Corporatists, Neoliberals And Plutocrats]]
 
{{DES | des = A harmful supposed antidote to recession that has failed miserably both in academia and the real world.  Popular among politicians only for achieving right-wing goals.  A [[shibboleth]]. Used to oppose [[Keynesian and Post-Keynesian Economics|Keynesian economics]]. | show=}}
 
{{DES | des = A harmful supposed antidote to recession that has failed miserably both in academia and the real world.  Popular among politicians only for achieving right-wing goals.  A [[shibboleth]]. Used to oppose [[Keynesian and Post-Keynesian Economics|Keynesian economics]]. | show=}}
 
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Latest revision as of 09:13, 11 October 2019

A harmful supposed antidote to recession that has failed miserably both in academia and the real world. Popular among politicians only for achieving right-wing goals. A shibboleth. Used to oppose Keynesian economics.

Links

The biggest economic policy mistake of the last decade, and it had nothing to do with academic economists [More...]
Austerity: “Its predictions have proved utterly wrong; its founding academic documents haven’t just lost their canonized status, they’ve become the objects of much ridicule.”
NEW 10/11/2019: The Crash of Austerity Economics [More...]
A harsh review of "Austerity: When It Works and When It Doesn’t" by Alberto Alesina, Carlo Favero, and Francesco Giavazzi. "Reality keeps contradicting the sponsors of economic pain, but they keep dispensing their perverse advice."
Tom the Dancing Bug: A Desert Island Recession [More...]
A simple and clear comic example of how a shock can cause a recession.

Quotations

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