The capital order: how economists invented austerity and paved the way to fascism
"For more than a century, governments facing financial crisis have resorted to the economic policies of austerity-cuts to wages, fiscal spending, and public benefits-as a means to regain solvency. While these policies have been successful in appeasing creditors, they've had devastating eff...
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|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Chicago ; London
University of Chicago Press
[2022]
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| Subjects: | |
| Summary: | "For more than a century, governments facing financial crisis have resorted to the economic policies of austerity-cuts to wages, fiscal spending, and public benefits-as a means to regain solvency. While these policies have been successful in appeasing creditors, they've had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: what if solvency was never really the goal? In Capital Order, political economist Clara E. Mattei traces the intellectual origins of austerity to uncover its originating motives: the protection of capital-and indeed capitalism-in times of social upheaval from below. Mattei traces modern austerity to its origins in interwar Britain and Italy, revealing how the threat of working-class power in the years after World War I animated a set of top-down economic policies that elevated owners, smothered workers, and imposed a rigid economic hierarchy across their societies. Where these policies "succeeded," relatively speaking, was in their enrichment of certain parties, including employers and foreign-trade interests, who accumulated power and capital at the expense of labor. Here, Mattei argues, is where the true value of austerity can be observed: its insulation of entrenched privilege and its elimination of all alternatives to capitalism. Drawing on newly uncovered archival material from Britain and Italy, much of it translated for the first time, Capital Order offers a damning and essential new account of the rise of austerity-and of modern economics-at the levers of contemporary political power"-- |
| Physical Description: | 452 Seiten Diagramme |
| ISBN: | 9780226818399 |
Staff View
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| 520 | 3 | |a "For more than a century, governments facing financial crisis have resorted to the economic policies of austerity-cuts to wages, fiscal spending, and public benefits-as a means to regain solvency. While these policies have been successful in appeasing creditors, they've had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: what if solvency was never really the goal? In Capital Order, political economist Clara E. Mattei traces the intellectual origins of austerity to uncover its originating motives: the protection of capital-and indeed capitalism-in times of social upheaval from below. Mattei traces modern austerity to its origins in interwar Britain and Italy, revealing how the threat of working-class power in the years after World War I animated a set of top-down economic policies that elevated owners, smothered workers, and imposed a rigid economic hierarchy across their societies. Where these policies "succeeded," relatively speaking, was in their enrichment of certain parties, including employers and foreign-trade interests, who accumulated power and capital at the expense of labor. Here, Mattei argues, is where the true value of austerity can be observed: its insulation of entrenched privilege and its elimination of all alternatives to capitalism. Drawing on newly uncovered archival material from Britain and Italy, much of it translated for the first time, Capital Order offers a damning and essential new account of the rise of austerity-and of modern economics-at the levers of contemporary political power"-- | |
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Record in the Search Index
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| spelling | Mattei, Clara Verfasser (DE-588)1278357092 aut The capital order how economists invented austerity and paved the way to fascism Clara E. Mattei Chicago ; London University of Chicago Press [2022] © 2022 452 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier "For more than a century, governments facing financial crisis have resorted to the economic policies of austerity-cuts to wages, fiscal spending, and public benefits-as a means to regain solvency. While these policies have been successful in appeasing creditors, they've had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: what if solvency was never really the goal? In Capital Order, political economist Clara E. Mattei traces the intellectual origins of austerity to uncover its originating motives: the protection of capital-and indeed capitalism-in times of social upheaval from below. Mattei traces modern austerity to its origins in interwar Britain and Italy, revealing how the threat of working-class power in the years after World War I animated a set of top-down economic policies that elevated owners, smothered workers, and imposed a rigid economic hierarchy across their societies. Where these policies "succeeded," relatively speaking, was in their enrichment of certain parties, including employers and foreign-trade interests, who accumulated power and capital at the expense of labor. Here, Mattei argues, is where the true value of austerity can be observed: its insulation of entrenched privilege and its elimination of all alternatives to capitalism. Drawing on newly uncovered archival material from Britain and Italy, much of it translated for the first time, Capital Order offers a damning and essential new account of the rise of austerity-and of modern economics-at the levers of contemporary political power"-- Geschichte 1919-1945 gnd rswk-swf Sparpolitik (DE-588)4431627-6 gnd rswk-swf Faschismus (DE-588)4016494-9 gnd rswk-swf Kapitalismus (DE-588)4029577-1 gnd rswk-swf Großbritannien (DE-588)4022153-2 gnd rswk-swf Italien (DE-588)4027833-5 gnd rswk-swf Capitalism / Great Britain Capitalism / Italy Stagnation (Economics) Fascism / Great Britain Fascism / Italy Stagnation (Économie politique) Fascisme / Grande-Bretagne Fascisme / Italie BUSINESS & ECONOMICS / Economics / General Capitalism Fascism Great Britain Italy Großbritannien (DE-588)4022153-2 g Italien (DE-588)4027833-5 g Faschismus (DE-588)4016494-9 s Kapitalismus (DE-588)4029577-1 s Sparpolitik (DE-588)4431627-6 s Geschichte 1919-1945 z DE-604 Erscheint auch als Online-Ausgabe 978-0-226-81840-5 |
| spellingShingle | Mattei, Clara The capital order how economists invented austerity and paved the way to fascism Sparpolitik (DE-588)4431627-6 gnd Faschismus (DE-588)4016494-9 gnd Kapitalismus (DE-588)4029577-1 gnd |
| subject_GND | (DE-588)4431627-6 (DE-588)4016494-9 (DE-588)4029577-1 (DE-588)4022153-2 (DE-588)4027833-5 |
| title | The capital order how economists invented austerity and paved the way to fascism |
| title_auth | The capital order how economists invented austerity and paved the way to fascism |
| title_exact_search | The capital order how economists invented austerity and paved the way to fascism |
| title_exact_search_txtP | The capital order how economists invented austerity and paved the way to fascism |
| title_full | The capital order how economists invented austerity and paved the way to fascism Clara E. Mattei |
| title_fullStr | The capital order how economists invented austerity and paved the way to fascism Clara E. Mattei |
| title_full_unstemmed | The capital order how economists invented austerity and paved the way to fascism Clara E. Mattei |
| title_short | The capital order |
| title_sort | the capital order how economists invented austerity and paved the way to fascism |
| title_sub | how economists invented austerity and paved the way to fascism |
| topic | Sparpolitik (DE-588)4431627-6 gnd Faschismus (DE-588)4016494-9 gnd Kapitalismus (DE-588)4029577-1 gnd |
| topic_facet | Sparpolitik Faschismus Kapitalismus Großbritannien Italien |
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