Title The Austerity State
Author Stephen McBride, Bryan M. Evans
ISBN 9781487521950
List price USD 36.95
Price outside India Available on Request
Original price
Binding Paperback
No of pages 352
Book size 153 x 229 mm
Publishing year 2017
Original publisher University of Toronto Press
Published in India by University of Toronto Press
Exclusive distributors Viva Books Private Limited
Sales territory India, Sri Lanka, Bangladesh, Pakistan, Nepal, .
Status New Arrival
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The Austerity State’s analyses of the causes and thinking behind the austerity policies of North American and European governments in our time make a very useful contribution to scholarship. The accounts here of the actual practices and social impacts of austerity policies are also so timely and up to date - and so much of the previous literature is broadly and deeply canvassed - that this book can be expected to immediately find its way onto the reading lists of a broad range of university courses.”

Leo Panitch, Senior Scholar, Emeritus Distinguished Research Professor of Political Science and Canada Chair in Comparative Political Economy, York University

The Austerity State addresses major themes that are crucial for political economy in our century.”

Paul Kellogg, Centre for Interdisciplinary Studies, Athabasca University


The fall-out from the economic and financial crisis of 2008 had profound implications for countries across the world, leading different states to determine the best approach to mitigating its effects. In The Austerity State, a group of established and emerging scholars tackles the question of why states continue to rely on policies that, on many levels, have failed.

After 2008, austerity policies were implemented in various countries, a fact the contributors link to the persistence of neoliberalism and its accepted wisdoms about crisis management. In the immediate aftermath of the 2008 collapse, governments and central banks appeared to adopt a Keynesian approach to salvaging the global economy. This perception is mistaken, the authors argue. The “austerian” analysis of the crisis is ahistorical and shifts the blame from the under-regulated private sector to public, or sovereign, debt for which public authorities are responsible.

The Austerity State provides a critical examination of the accepted discourse around austerity measures and explores the reasons behind its continued prevalence in the world.



Chapter 1: The Austerity State: An Introduction (Bryan Evans and Stephen McBride)

Section 1: State Responses to Crisis

Chapter 2: Austerity Policies: From the Keynesian to the Corporate Welfare State (Gary Teeple)

Chapter 3: Post Democracy and the Politics of Inequality: Explaining Policy Responses to the Financial Crisis and the Great Recession (John Peters)

Chapter 4: Austerity’s Role in Economic Performance: The Relationships between Social Reproduction Spending, the Economy, and People (Marjorie Griffin Cohen)

Chapter 5: Internalizing Neoliberalism and Austerity (Stephen McBride and Sorin Mitrea)

Chapter 6: Expansionary Fiscal Consolidation and “The Smarter State”: An Evaluation of The Politics  of Austerity in The United Kingdom since May 2010 to February 2016 (Simon Lee)

Chapter 7: Frugal Comfort from Ireland: Marginal Tales from an Austere Isle (Brendan K. O’Rourke and
John Hogan

Section 2: State Reconfiguration

Chapter 8: The New Constitutionalism and Austerity (Stephen McBride)

Chapter 9: Fighting the Financial Crisis or Consolidating Austerity? The Eurobond Battle Reconsidered (Dieter Plehwe)

Chapter 10: Constructing Economic Policy Advice in an Age of Austerity (Bryan M. Evans)

Chapter 11: Tax Havens in an Austere World: The Clash of New Ideas and Existing Interests
(Richard Woodward)

Chapter 12: Profiting Off Austerity: Private Finance for Public Infrastructure (Heather Whiteside)

Chapter 13: Austerity and Outsourcing in Britain’s New Corporate State (Stephen Wilks)

Chapter 14: Austerity and the Non-Profit Sector: The Case of Social Impact Bonds (Meaghan Joy and John Shields)

Chapter 15: Conclusion (Stephen McBride and Bryan M. Evans)


About the Editors:

Stephen McBride is a professor and Canada Research Chair in Public Policy and Globalization in the Department of Political Science at McMaster University.

Bryan M. Evans is a professor in the Department of Politics and Public Administration at Ryerson University.

Target Audience:

People interested in political science, economics, sociology and public policy administration.


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