Wednesday July 15, 2020

An economic argument against austerity

Austerity: The History of a Dangerous Idea by Mark Blyth. Oxford University Press, €21.40. Reviewed by Peter Geoghegan.

27th July, 2013
People marching in Dublin City centre last November against austerity measures before the announcement of the budget. Photo: Photocall

Austerity: The History of a Dangerous Idea


The discovery of an error in an academic economics paper - even one authored by a pair of Harvard dons - is hardly most people's idea of a headline-grabbing news story. But that's exactly what happened in April, when a professor at the University of Michigan and an undergraduate student published data that revealed a serious coding mistake in a spreadsheet in Carmen Reinhart and Kenneth Rogof's paper...

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