"This book explores the intellectual history, nature, and consequences of commodification. While many use the term commodification, few realize that it was only introduced in the 1970s by Marxist scholars in Britain and the US. However, while Marxists initially used commodification to challenge...

Following ECB-president Draghi's remark that the European Social Model does no longer exist and the crisis can only be overcome through a combination of austerity and structural reform, this paper examines the consequences of austerity measures and structural reforms adopted during the crisis in...