Tag: economic policy

  • A brief history of austerity

    A brief history of austerity

    John Naughton observed the other day that neoliberal economists and their current weapon, austerity, have gained an unassailable intellectual hegemony. To claim that austerity is self-defeating and should be stopped is to be regarded as either foolish or mad. Ed Miliband, leader of a political party that was established – absurd idea! – to represent…