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Austere Illusions: Fiscal contraction is contractionary, period.

Skidelsky, Robert (2013) Austere Illusions: Fiscal contraction is contractionary, period. British Politics and Policy at LSE (30 May 2013). Website.

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Abstract

In an article that originally appeared on Project Syndicate, Robert Skidelsky explores the illusions of austerity economics. Not only has austerity failed in being expansionary, it has also hit those at the bottom of the income distribution far more severely than those at the top and may have destroyed not just current but also potential output by eroding the “human capital” of the unemployed.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy
Additional Information: © 2014 The Author(s) CC BY-NC-ND 3.0
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
J Political Science > JF Political institutions (General)
J Political Science > JN Political institutions (Europe) > JN101 Great Britain
Date Deposited: 05 May 2017 12:31
Last Modified: 15 Sep 2023 19:05
URI: http://eprints.lse.ac.uk/id/eprint/75643

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