Lapavitsas (economics, School of Oriental and African Studies, U. of London, UK) and co-authors present the argument that European austerity measures are counter-productive and that reductions
in public spending will result in a number of consequences: a longer recession, a larger debt burden, imperiled banks, and--possibly--the end of the monetary union. The authors advocate a
different approach that lies between political economy and radical economics. The book is a revised version of three reports on the eurozone crisis. Annotation ©2013 Book News, Inc., Portland,
OR (booknews.com)
