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Breaking the Economics Discipline’s Austerity Consensus
Economics departments across the United States slavishly adhere to the mainstream consensus on austerity and the free market. The Center for Heterodox Economics thinks there’s a better way.
Clara Mattei is the director of the Center for Heterodox Economics and a professor of economics at the University of Tulsa. She is the author of The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism.
Economics departments across the United States slavishly adhere to the mainstream consensus on austerity and the free market. The Center for Heterodox Economics thinks there’s a better way.
Austerity is not bad economics. It is a century-old project to undermine democracy in crucial areas of our lives.
Today marks 100 years since Benito Mussolini became Italy’s prime minister. His first governments pursued austerity and suppressed the labor movement — earning him the praise of liberal economists both in Italy and abroad.