Insightful and engaging, the essays in this volume cover a remarkably wide range of topics related to the fundamental question of our time: what happens to democracy when governments have so little fiscal room to maneuver? A great read that will inspire new thinking and research.
Jonus Pontusson, University of Geneva
Politics in the Age of Austerity is a hugely important contribution to the contemporary literature on the political economy of the advanced capitalist countries. Featuring a series of penetrating essays by some of the field’s foremost theorists, the book offers a powerful – and sobering – picture of the dilemmas and constraints that governments face as they seek to reconcile the increasingly conflicting demands of two constituencies – voters and “the markets”. Rising above the sometimes narrow terms of contemporary debates, the book is firmly anchored in a broader tradition of social and political theorizing. As such, it sheds new light on the enduring question of the evolving relationship between democracy and capitalism.
Kathleen Thelen, MIT
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