LEADER 03783nam 22005415 450 001 9910136844503321 005 20200703210220.0 010 $a1-137-48285-0 024 7 $a10.1057/978-1-137-48285-3 035 $a(CKB)3710000000907697 035 $a(DE-He213)978-1-137-48285-3 035 $a(MiAaPQ)EBC4722239 035 $a(EXLCZ)993710000000907697 100 $a20161012d2016 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Politics of Austerity $eA Recent History /$fby Michael Burton 205 $a1st ed. 2016. 210 1$aLondon :$cPalgrave Macmillan UK :$cImprint: Palgrave Macmillan,$d2016. 215 $a1 online resource (XV, 215 p. 8 illus.) 311 $a1-137-48629-5 320 $aIncludes bibliographical references and index. 327 $aAcknowledgements -- List of Tables -- Introduction -- Part One: austerity in the UK -- Chapter one: the rise of public spending -- Chapter two: the party?s over -- Chapter three: the end of consensus -- Chapter four: from boom to bust -- Chapter five: austerity Britain -- Chapter six: light at the end of the tunnel -- Part Two: global experiences of austerity -- Chapter seven: deficit reduction in the United States -- Chapter eight: austerity in Europe -- Chapter nine: two case studies, Canada and Sweden -- Chapter ten: some Asia Pacific case studies -- Chapter eleven: is austerity necessary? -- Conclusion -- Index. . 330 $aThis book considers the relationship between public spending and public deficit and the varying successes and difficulties governments have had in recent years to balance the two. As the fiscal crash of 2007/8 turned into the Great Recession and tax revenues tumbled, public finances across the UK, the USA and Europe plunged into deficit. Controversial attempts by governments to balance their budgets, commonly described as austerity by critics, had mixed success, politically and economically. Michael Burton outlines how politicians tackled the worst economic downturn in over half a century, drawing on previous examples of deficit-reduction to see how governments managed public finances in recessions and where austerity worked and where it failed. This two-part book, which for the first time provides an historical context to austerity, analyses firstly deficit-reduction in the UK in the 1970s, 1980s, 1990s and 2010-2016, and then looks at case studies in Europe, the USA, Canada and Asia Pacific. The author concludes that with the ageing population placing greater pressure through health and pensions on the public finances of the developed world, politicians and their electorates will have to learn to live long-term with austerity. 606 $aPolitical economy 606 $aWorld politics 606 $aPublic policy 606 $aInternational Political Economy$3https://scigraph.springernature.com/ontologies/product-market-codes/912140 606 $aPolitical History$3https://scigraph.springernature.com/ontologies/product-market-codes/911080 606 $aPublic Policy$3https://scigraph.springernature.com/ontologies/product-market-codes/911060 607 $aGreat Britain$xPolitics and government$y1945- 607 $aGreat Britain$2fast 608 $aCase studies.$2fast 615 0$aPolitical economy. 615 0$aWorld politics. 615 0$aPublic policy. 615 14$aInternational Political Economy. 615 24$aPolitical History. 615 24$aPublic Policy. 676 $a339.5 700 $aBurton$b Michael$4aut$4http://id.loc.gov/vocabulary/relators/aut$0784531 906 $aBOOK 912 $a9910136844503321 996 $aThe Politics of Austerity$92528293 997 $aUNINA