Tagged: #Keynesian

Austerity: The History of a Dangerous Idea by Mark Blyth

book jacket showing an empty walletAusterity: The History of a Dangerous Idea by Mark Blyth (2013)

I could start and end my commentary with this simple imperative: BUY THIS BOOK.

Economics was one subject about which I had little interest and a lot of hostility when forced to take it in college. The teacher tried his best, but trying to explain economic theory to a bunch of kids who have possibly never had any knowledge of how much money their parents make, spend, or what things cost is a rather hopeless proposition. At least for me, combined with minimal exposure to life long enough to seen the actual consequences of economic theory in policymaking and being able to see the short-term and long-term impact of such policies, made the content just too much of a word salad to be useful.

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