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Absurd Austerity Policies in Europe


  • Philip Arestis
  • Theodore Pelagidis


Austerity policies again prevail in Europe as well as in the United States. These economists, based in England and continental Europe, focus on the poorly understood damage that the austerity mania will almost certainly do on their side of the Atlantic. Why is it happening? There is no rational answer.

Suggested Citation

  • Philip Arestis & Theodore Pelagidis, 2010. "Absurd Austerity Policies in Europe," Challenge, Taylor & Francis Journals, vol. 53(6), pages 54-61.
  • Handle: RePEc:mes:challe:v:53:y:2010:i:6:p:54-61
    DOI: 10.2753/0577-5132530603

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    Cited by:

    1. Dan LUPU, 2014. "Fiscal austerity and economic growth in CEE countries," EuroEconomica, Danubius University of Galati, issue 2(33), pages 89-96, November.
    2. Pasquale Tridico, 2011. "Varieties of capitalism and responses to the Financial Crisis: the European social Model versus the US Model," Departmental Working Papers of Economics - University 'Roma Tre' 0129, Department of Economics - University Roma Tre.
    3. Pasquale Tridico, "undated". "Economic policies and growth strategies after the crisis: different approaches in USA, Japan and EU," Working Papers 0015, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
    4. Robert Pollin, 2013. "Austerity Economics and the Struggle for the Soul of U.S. Capitalism," Working Papers wp321, Political Economy Research Institute, University of Massachusetts at Amherst.
    5. Pasquale Tridico, 2011. "Global Imbalances, Declining Hegemony and the Need for a New Global Governance," Departmental Working Papers of Economics - University 'Roma Tre' 0130, Department of Economics - University Roma Tre.
    6. Casimir Dadak, 2011. "Political Economy of the Euro Area Crisis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(5), pages 593-604, December.
    7. Mi Park, 2013. "Lessons from the Asian financial crisis for the eurozone: a comparative analysis of the perilous politics of austerity in Asia and Europe," Asia Europe Journal, Springer, vol. 11(2), pages 189-199, June.
    8. Marinko Škare & Romina Prziklas Druzeta, 2015. "Fiscal Austerity Versus Growth in Croatia," Contemporary Economics, University of Finance and Management in Warsaw, vol. 9(1), April.

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