336: Blyth, Mark. Austerity: The History of a Dangerous Idea. Oxford, UK: Oxford University Press, 2013. 197 pp. ISBN 978-0-19-989798-8.
- 300: Social Sciences
- 330: Economics
- 336: Public finance
My favorite thing about reading occurs when I do not understand a concept. I read a book about it and then, magically, knowledge appears. This is perhaps a clichéd notion, but it still makes me feel good about reading. By no stretch of the imagination will I be able to teach a course in economics after this one, but when I hear radio and news reports of the economic landscape, I should be able to follow them with a little more understanding. Mark Blyth’s Austerity is a book really about three related things: convoluted economic instruments and how their interrelatedness sparked the current global downturn, the history of austerity as a way to alter a country’s financial standing, and how the clarion call for austerity measures in economically weak European countries is perhaps the wrong thing to do.