Mark Blyth is Professor of International Political Economy and Faculty Fellow at the Watson Institute at Brown University. He is the author of Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century and Austerity: The History of a Dangerous Idea, out now from Oxford University Press. His writing has appeared in academic journals such as The American Political Science Review, the Review of International Political Economy, and the Journal of Evolutionary Economics, as well as Foreign Affairs and Foreign Policy magazine.
Why Austerity Is a Dangerous Idea
When everyone tries it at once, austerity makes the debt bigger, not smaller