Review of Mark Blyth, Austerity: The History of a Dangerous Idea

Mark Blyth explains through a very interesting examination of intellectual and natural history the idea of austerity. A very dangerous idea, indeed, that affects us all. Throughout the book, Blyth shows that there is not a single case of the country that would succeed in reducing its debt or solving the crisis by playing by the austerity instruction sheet rules, what else in securing peace and prosperity through austerity....