Austerity and social unrest since World War I
This post was written by Kevin O’Rourke
Jacopo Ponticelli and Hans-Joachim Voth have just published a CEPR Discussion Paper looking at the relationship between austerity and social unrest in Europe between 1919 and 2009.
August 9th, 2011 at 10:24 pm
I have seen this movie before………..
http://www.youtube.com/watch?v=yfDUv3ZjH2k
August 9th, 2011 at 10:39 pm
Austerity in 1919 when Herbert Hoover was head of a big food distribution project in Europe and in modern times when collective action is organisaed by groups such as public sector workers and farmers who have a lot more clout with politicians than individual private sector workers are surely different kettles of fish.
August 9th, 2011 at 10:56 pm
Michael Hennigan, have you even been paying attention? Farmers and public sector workers?! Maybe there’s no TV wherever you are.
August 9th, 2011 at 11:13 pm
@ ObsessiveMathsFreak
The thread is on a paper on the period 1919 - 2009, not specifically on what has been happening in the UK since last Saturday.
August 9th, 2011 at 11:28 pm
An article by Michael Spence Nobel Laureate on Stagnant policy, sluggish recovery.
http://www.theglobeandmail.com/news/opinions/opinion/stagnant-policy-sluggish-recovery/article2123097/
August 10th, 2011 at 12:03 am
A unhealthy statistical fascination with CHAOS me thinks.
I think Siegfried was the ghost writer for this piece with Hans & Jacapo merely providing a necessary intellectual camouflage.
http://www.youtube.com/watch?v=-PigBBdrbhk
August 10th, 2011 at 11:38 pm
Excellent blog by (economics) Prof Bill Mitchell on the riots & the CEPR report:
http://bilbo.economicoutlook.net/blog/?p=15605#more-15605
(Prof Miychell is an advocate of MMT economics policies, particularly relevant to these is a Job Guarantee scheme.)