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Austerity Politics and UK Economic Policy

Craig Berry (Autor)

Buch | Softcover

114 Seiten

2016 | 2016 ed.
Palgrave Macmillan (Verlag)
978-1-349-93452-2 (ISBN)

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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.

Craig Berry is Deputy Director of the Sheffield Political Economy Research Institute at the University of Sheffield. He has worked previously at the Trades Union Congress, International Longevity Centre, HM Treasury and the University of Warwick. His research focuses on UK economic statecraft, with an emerging focus on Northern England in a European and global context.

Acknowledgements List of Abbreviations 1 Introduction: Austerity and Growth Growth and growth models The rediscovery of austerity Chapter outline and main arguments 2 Financialisation and the Property-Owning Democracy Austerity and the housing market The meaning of monetary activism Financialisation and everyday discipline Conclusion 3 Industrial Decline and the Myth of Rebalancing Rebalancing and austerity Industrial policy and manufacturing since the crisis Powerhouse politics Conclusion 4 Welfare Retrenchment and the Perversion of Full Employment Employment growth and economic recovery The impotence of active labour market policy Austerity and welfare Conclusion 5 Deficit Reduction and Budget Irresponsibility Austerity and economics Institutionalising austerity Conclusion 6 What's Left? Labour's disorientation Corbynomics and the new old politics Whither social democracy? Conclusion 7 Conclusion Notes References Index

Erscheinungsdatum	10.05.2016
Reihe/Serie	Building a Sustainable Political Economy: Speri Research & Policy
Zusatzinfo	biography
Verlagsort	Basingstoke
Sprache	englisch
Maße	148 x 210 mm
Themenwelt	Sozialwissenschaften ► Politik / Verwaltung ► Politische Systeme
	Sozialwissenschaften ► Politik / Verwaltung ► Politische Theorie
	Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
Schlagworte	Austerity • British politics • Budgetary Management • Coalition Government • Conservative Party • debt • Deficit Reduction • Economics • Financial Crisis • Financialisation • growth • Industrial Policy • Keynesianism • Labour Party • monetary policy • Neoliberalism • Rebalancing • Regional Policy • Welfare reform
ISBN-10	1-349-93452-6 / 1349934526
ISBN-13	978-1-349-93452-2 / 9781349934522
Zustand	Neuware