The Capital Order
How Economists Invented Austerity and Paved the Way to Fascism
by:
Clara E. Mattei
Summary:
The book critically examines the historical development of austerity policies, tracing their origins to post-World War I Europe, where economists began prescribing spending cuts and balanced budgets. It argues that these policies contributed to social unrest and the rise of fascism by exacerbating economic inequality and undermining democratic institutions.
Key points:
1. Austerity's Roots: The book likely traces how economists first started promoting spending cuts and debt reduction as economic solutions.
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