Austerity from the Left

Austerity became the predominant fiscal policy response to the Great Recession in Europe. After a brief period of ''emergency Keynesianism'' from 2008 to 2010, even the centre-left abandoned plans for deficit spending and accepted austerity as the dogma of the day. In this book, Björn Bremer explains how this came about and explores its political consequences, combining qualitative and quantitativ...