Austerity: The History of a Dangerous Idea by Mark Blyth

via ---> Food stamps cause global depression ? by John Quiggin @ crookedtimberDOTorg:

… but even so, I’d expect a professor at the University of Chicago to be aware that the USA is not the only country in the world. That’s not true, apparently, of Casey Mulligan, who claims that the continued weakness of employment in the US is due to policies introduced in 2008 and 2009, which ” greatly enhanced the help given to the poor and unemployed — from expansion of food-stamp eligibility to enlargement of food-stamp benefits to payment of unemployment bonuses — sharply eroding (and, in some cases, fully eliminating) the incentives for workers to seek and retain jobs, and for employers to create jobs or avoid layoffs.”

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Austerity: The History of a Dangerous Idea Amazon link.




Soup Kitchens Caused the Great Depression Krugman on the mercenary dressed as an economist - Casey Mulligan:

… If you really believe that the problem is that excessive generosity to the downtrodden is reducing the incentive to work, so that what we really have is a supply problem rather than a demand problem, you should expect to see …