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Austerity politics and UK economic p...

Berry, Craig.

Austerity politics and UK economic policy

Record Type:	Electronic resources : Monograph/item
Title/Author:	Austerity politics and UK economic policyby Craig Berry.
Author:	Berry, Craig.
Published:	London :Palgrave Macmillan UK :2016.
Description:	xii, 116 p. :digital ;22 cm.
Contained By:	Springer eBooks
Subject:	Political Science and International Relations.
Subject:	Great BritainEconomic policy1979-1997.
Online resource:	http://dx.doi.org/10.1057/978-1-137-59010-7
ISBN:	9781137590107$q(electronic bk.)

Austerity politics and UK economic policy
Berry, Craig.

Austerity politics and UK economic policy[electronic resource] /by Craig Berry. - London :Palgrave Macmillan UK :2016. - xii, 116 p. :digital ;22 cm. - Building a sustainable political economy. - Building a sustainable political economy..

1. Introduction: Austerity and Growth -- 2. Financialisation and the Property-Owning Democracy -- 3. Industrial Decline and the Myth of Rebalancing -- 4. Welfare Retrenchment and the Perversion of Full Employment -- 5. Deficit Reduction and Budget Irresponsibility -- 6. What's Left? -- 7. Conclusion.

Craig Berry assesses UK economic policy in the wake of the financial crisis through the lens of the austerity agenda, focusing on monetary policy, economic rebalancing, industrial and regional policy, the labour market, welfare reform and budgetary management. He argues that austerity is geared towards a resurrection of financialisation and the UK's pre-crisis economic model, through the transformation of individual behaviour and demonisation of the state. Cutting public spending and debt in the short term is, at most, a secondary concern for the UK policy elite. However, the underlying purpose of austerity is frequently misunderstood due to its conflation with a narrow deficit reduction agenda, not least by its Keynesian critics. Berry also demonstrates how austerity has effectively dismantled the prospect of a centre-left alternative to neoliberalism.

ISBN: 9781137590107$q(electronic bk.)

Standard No.: 10.1057/978-1-137-59010-7doiSubjects--Topical Terms:

731583
Political Science and International Relations.
Subjects--Geographical Terms:

381151
Great Britain
--Economic policy--1979-1997.

LC Class. No.: HC256.7 / .B478 2016

Dewey Class. No.: 338.941

Austerity politics and UK economic policy
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520 $a Craig Berry assesses UK economic policy in the wake of the financial crisis through the lens of the austerity agenda, focusing on monetary policy, economic rebalancing, industrial and regional policy, the labour market, welfare reform and budgetary management. He argues that austerity is geared towards a resurrection of financialisation and the UK's pre-crisis economic model, through the transformation of individual behaviour and demonisation of the state. Cutting public spending and debt in the short term is, at most, a secondary concern for the UK policy elite. However, the underlying purpose of austerity is frequently misunderstood due to its conflation with a narrow deficit reduction agenda, not least by its Keynesian critics. Berry also demonstrates how austerity has effectively dismantled the prospect of a centre-left alternative to neoliberalism.
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