The Politics of Austerity

Examining the intricate balance between public spending and deficits, this book delves into the aftermath of the 2007/8 fiscal crash and the subsequent Great Recession. It critiques government austerity measures across the UK, USA, and Europe, highlighting their mixed outcomes. Michael Burton provides historical context by analyzing deficit-reduction efforts from the 1970s to 2016 and includes case studies from various regions. He argues that the aging population will necessitate a sustained approach to austerity in the developed world.