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Government Austerity and Socioeconomic Sustainability

  • Book
  • © 2015

Overview

Authors:
  1. P.K. Rao

    1. International Development Consultant, International Development Consultant, Princeton, USA

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  • Synthesizes the limitations of austerity measures and suggests holistic approaches
  • Offers directions for maintaining flexibility in debt reduction and fiscal stability
  • Suggests rational alternatives for productivity-raising and damage-reducing austerity measures
  • Includes supplementary material: sn.pub/extras

Part of the book series: SpringerBriefs in Economics (BRIEFSECONOMICS)

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Table of contents (5 chapters)

  1. Front Matter

    Pages i-vii
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  2. Introduction

    • P. K. Rao
    Pages 1-4

  3. Poverty, Inequality and Unemployment: Socioeconomic Policy and Rawlsian Justice

    • P. K. Rao
    Pages 5-15

  4. Economics of Austerity

    • P. K. Rao
    Pages 17-24

  5. Government Austerity in Practice

    • P. K. Rao
    Pages 25-34

  6. Debt Sustainability and Innovative Approaches for Socioeconomic Sustainability

    • P. K. Rao
    Pages 35-44
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Keywords

About this book

This short book integrates the imperatives of public debt sustainability with those of socioeconomic sustainability in the context of budget austerity measures. It is argued that poverty, inequality and unemployment problems should be integral aspects of policy frameworks for austerity and fiscal stability. The economics of austerity in much of economic analysis remains narrowly focused and lopsided, since the implications on the role of human capital and loss of prosperity base are usually ignored. This book argues that various misapplications of policies of government austerity can be avoided if greater attention is accorded to the imperatives of maintaining the win-win approaches for socioeconomic resilience and sustainability in conjunction with debt sustainability and/or fiscal stability.

Authors and Affiliations

  • International Development Consultant, International Development Consultant, Princeton, USA

    P.K. Rao

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