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    Be outraged: there are alternatives

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    bk-be-outraged-210512-en.pdf (440.6Kb)
    Date
    2012
    Author
    Jolly, Richard
    Cornia, Giovanni Andrea
    Elson, Diane
    Fortin, Carlos
    Griffith-Jones, Stephany
    Helleiner, Gerry
    van der Hoeven, Rolph
    Kaplinsky, Raphie
    Morgan, Richard
    Ortiz, Isabel
    Pearson, Ruth
    Stewart, Frances
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    Abstract
    Pushed to extremes, austerity is bad economics, bad arithmetic, and ignores the lessons of history. We, an international group of economists and social scientists, are outraged at the narrow range of austerity policies which are bringing so many people around the world to their knees, especially in Europe. Austerity and cutbacks are reducing growth and worsening poverty. In our professional opinions, there are alternatives – for Britain, Europe and all countries that currently imagine that government cutbacks are the only way out of debt. The low-growth, no-growth trap means that the share of debt in GNP falls ever more slowly, if at all. It may even rise – as it has in some countries.
    URI
    https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/2265
    Citation
    Jolly, R. et al. (2012) Be outraged: there are alternatives. Brighton: Richard Jolly / Oxfam
    Rights holder
    Richard Jolly
    Rights details
    http://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdf
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    • IDS Research [1599]

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