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Following the 2007-08 global financial crisis, Western nations engaged a variety of measures that departed quite dramatically from conventional neoliberal wisdom. However, these policies were quickly succeeded by what we now call austerity measures. This collection engages with the question: Is there something new in this era of austerity, or should this be understood as a continuation and intensification of earlier forms of neoliberalism? Finally, Jim Stanford’s afterword probes to the heart of the question of why austerity in the first place.
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Following the 2007-08 global financial crisis, Western nations engaged a variety of measures that departed quite dramatically from conventional neoliberal wisdom. However, these policies were quickly succeeded by what we now call austerity measures. This collection engages with the question: Is there something new in this era of austerity, or should this be understood as a continuation and intensification of earlier forms of neoliberalism? Finally, Jim Stanford’s afterword probes to the heart of the question of why austerity in the first place.