Politics in the Age of Austerity

ISBN-10: 0745661696
ISBN-13: 9780745661698
Edition: 2013
List price: $18.99 Buy it from $14.12
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Description: In a world of increasing austerity measures, democratic politics comes under pressure. With the need to consolidate budgets and to accommodate financial markets, the responsiveness of governments to voters declines. However, democracy depends on  More...

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Book details

List price: $18.99
Copyright year: 2013
Publisher: Polity Press
Publication date: 3/29/2013
Binding: Paperback
Pages: 240
Size: 6.00" wide x 8.75" long x 1.25" tall
Weight: 1.056
Language: English

In a world of increasing austerity measures, democratic politics comes under pressure. With the need to consolidate budgets and to accommodate financial markets, the responsiveness of governments to voters declines. However, democracy depends on choice. Citizens must be able to influence the course of government through elections and if a change in government cannot translate into different policies, democracy is incapacitated. Many mature democracies are approaching this situation as they confront fiscal crisis. For almost three decades, OECD countries have – in fits and starts – run deficits and accumulated debt. As a result, an ever smaller part of government revenue is available today for discretionary spending and social investment and whichever party comes into office will find its hands tied by past decisions. The current financial and fiscal crisis has exacerbated the long–term shrinking government discretion; projects for political change have lost credibility. Many citizens are aware of this situation: they turn away from party politics and stay at home on Election Day. With contributions from leading scholars in the forefront of sociology, politics and economics, this timely book will be of great interest to students and scholars throughout the social sciences as well as general readers.

Contributors
Introduction: Politics in the Age of Austerity
Public Finance and the Decline of State Capacity in Democratic Capitalism
Tax Competition and Fiscal Democracy
Governing as an Engineering Problem: The Political Economy of Swedish Success
Monetary Union, Fiscal Crisis and the Disabling of Democratic Accountability
Smaghi versus the Parties: Representative Government and Institutional Constraints
Liberalization, Inequality and Democracy's Discontent
Participatory Inequality in the Austerity State: A Supply-Side Approach
From Markets versus States to Corporations versus Civil Society?
The Normalization of the Right in Post-Security Europe
The Crisis in Context: Democratic Capitalism and its Contradictions
Notes
Index

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