Shop Content Created By Professionals For Professionals

Free Delivery On Orders Above $20 In Singapore


Why Austerity Persists

Paperback By Jon Shefner, Cory Blad
Regular price
Sale price
Regular price
Sold out
Unit price

- FREE Delivery on orders above $20 within Singapore.
- International Shipping & Tax calculated at checkout.

Product Description

Several nations in the Global North have turned to austerity policies in an effort to resolve recent financial ills. What many failed to recognize is the longer history and varied pattern of such policies in the Global South over preceding decades – policies which had largely proven to fail.

 Shefner and Blad trace the 45-year history of austerity and how it became the go-to policy to resolve a host of economic problems. The authors use a variety of international cases to address how austerity has been implemented, who has been hurt, and who has benefited. They argue that the policy has been used to address very different kinds of crises, making states and polities responsible for a variety of errors and misdeeds of private actors. The book answers a number of important questions: why austerity persists as a policy aimed at resolving national crises despite evidence that it often does not work; how the policy has evolved over recent decades; and which powerful people and institutions have helped impose it across the globe.

This timely book will appeal to students, researchers, and policymakers interested in globalization, development, political economy, and economic sociology.

Product Details

Format: Paperback, 208 pages Language: English
Dimension: 22.61cm x 15.24cm x 1.78cm ISBN10: 1509509879
Weight: 340g ISBN13: 9781509509874
Publication Date: 25 Oct 2019 Publisher: Polity Press

About Author

Jon Shefner is Professor and Head of Sociology at the University of Tennessee Cory Blad is Professor of Sociology at Manhattan College

Product Reviews


“The aggressive form of capitalism we call neoliberalism has spread across the globe, shoring up profits as earnings are whittled away and government supports are rolled back. This illuminating book helps to explain how this new kind of capitalism has unfolded in societies that are otherwise utterly different. You will want to read it to understand our current troubles.”Frances Fox Piven, City University of New York “This volume takes us on a highly instructive whirlwind tour of austerity on five continents. The result is an indispensable account of what is wrong with the ideas, the rules, and the institutions that govern today’s global economy.”Fred Block, University of California, Davis “Shefner and Blad render us the service of clarifying the roots and the consequences of austerity. Their analysis is worth reading and engaging with.”Alejandro Portes, Princeton University“The analytical dynamics and repertoire of the book are impressive, a fact that is reflected in the way the argument on the persistence of austerity empirically plays out. […] This argument is exceptionally made [as] Shefner and Blad advance the idea of hegemony of austerity without beneficiaries.”American Journal of Sociology“Shefner and Blad maintain that, while austerity has persisted, it is not inevitable. There are genuine progressive alternatives that anti-austerity social movements could fight for to push their countries toward greater national sovereignty for formulating economic policies.”Dollars and Sense


Domestic Delivery (Singapore)
- Your order will be delivered to you within 1-3 business days.
- We are delighted to be able to offer FREE delivery on all orders above $20 in Singapore.

International Delivery
- Your order will be delivered to you within 7-30 business days.
- Any applicable import duties, taxes (including VAT) and shipping charges will depend on your destination country. All chargers will be displayed at checkout.

All prices shown on the Content Binded website are in Singaporean dollars. The prices shown are inclusive of GST.

The best way to contact us is by filling in the online contact form within the Contact Us section. The form is designed to help you specify the query that you have and then direct it to a member of our customer support team that is best suited to deal with it.

We work hard to deal with your queries within 24 hours.We also welcome to receiving any suggestions or feedback as to how we can improve. All emails are read by a member of a customer support team. Please send your emails to

We currently ship to countries and regions seen below.

- Singapore
- Brunei Darussalam
- Hong Kong
- Indonesia
- Japan
- Korea (South)
- Macau
- Malaysia
- Philippines
- Taiwan
- Thailand
- Vietnam