Austerity politics and UK economic policy
Author(s)
Bibliographic Information
Austerity politics and UK economic policy
（Building a sustainable political economy : SPERI research & policy）（Palgrave pivot）
Palgrave Macmillan, c2016
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
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.
Table of Contents
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
by "Nielsen BookData"
