Konzelmann, S. - ESRC Centre for Business Research - 2012
The 2007/8 financial crisis has reignited the debate about austerity economics and revealed that it is a highly … capitalism evolved, so did ideas and theories about the economics of austerity. Following World War One, concerns about high … perspective, austerity was the policy prescription for the top of the business cycle, to prevent the economy from over-heating and …