The Capital Order av Clara E. Mattei

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A Financial Times Best Book of the Year "A must-read, with key lessons for the future."¿Thomas Piketty A groundbreaking examination of austerity¿s dark intellectual origins.¿For more than a century, governments facing financial crisis have resorted to the economic policies of austerity¿cuts to wages, fiscal spending, and public benefits¿as a path to solvency. While these policies have been successful in appeasing creditors, they¿ve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: What if solvency was never really the goal?¿In The Capital Order, political economist Clara E. Mattei explores the intellectual origins of austerity to uncover its originating motives: the protection of capital¿and indeed capitalism¿in times of social upheaval from below.¿Mattei traces modern austerity to its origins in interwar Britain and Italy, revealing how the threat of