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Description of  The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism

"A must-read, with key lessons for the future."Thomas Piketty A groundbreaking examination of austeritys dark intellectual origins. For more than a century, governments facing financial crisis have resorted to the economic policies of austeritycuts to wages, fiscal spending, and public benefitsas a path to solvency. While these policies have been successful in appeasing creditors, theyve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: What if solvency was never really the goal? In Read more