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Austerity’s Scottish Ghosts Haunt the Modern Economic Mind

Bad History

In the midst of slow economic growth, governments in the U.S. and Europe are slashing spending and raising taxes – with disastrous results. But instead of blaming American Republicans or British Tories, the author of a new book on the history of austerity says the intellectual culprits lie in 18th century Scotland.

articles/2013/05/12/austerity-s-scottish-ghosts-haunt-the-modern-economic-mind/130511-blyth-scots-austerity-tease-embed_fomhcf
PEDRO ARMESTRE

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