In the interview, Robert Skidelsky discusses the emergence of political influence of a certain school of economic thought and how the success of an economic theory depends on the power relations in the society. He introduces the historical example of Keynesian economics and its replacement by liberal economic theory and policy in the aftermath of the Great Depression, and transfers this historical case to the dominant paradigm of austerity policies in the Europe as response to rising public debts caused by the Financial Crisis. He contrasts austerity policies with a Keynesian approach. Furthermore, he relates the targets of policy to the underlying power structures, for example when not the reduction of unemployment but the protection of financial capital is politically addressed. 2015 Level: advanced Economics and Political Power during the Crisis Robert Skidelsky INET Departing from an analysis of women's employment and changing gender regimes in the pre crisis period, Jill Rubery illustrates how the crisis affects men's and women's employment differently. Afterwards, she discusses the crisis' impact on gender relations. Based on empirical findings, she shows how men were more affected by the recession and women more by austerity and presents possible explanations. Those are furthermore linked to women's employment decisions and prevalent gender regimes. In particular, Rubery discusses cut backs in public spendings on care, flexibilization and the role of conservative gender ideologies. 2015 Level: beginner Economic crisis and austerity: challenges to gender equality Jill Rubery Netzwerk Plurale Ökonomik Even if men were perceived as the main protagonists of the Greek crisis, the crisis had a deep impact on disadvantaged groups, in particular migrant women working as domestic labourers. The debate presents the particular impact on migrant women of the downturn and furthermore discusses how migrant struggles and other emancipatory movements impacted the politics of crisis. The first minutes of the video are in German, but the moderator switches to English. 2015 Level: beginner Invisible women? Crisis, gender and migration in Greece 2015 Nelli Kampouri; Debbie Carlos-Valencia Heinrich-Böll-Stiftung This essay draws on several analyses on the gender impact of the recession and of austerity policies, in which authors acknowledge a threat to women’s labour market integration and a potential backlash to traditional gender labour structures. We contribute to that literature by asking whether recession and austerity convey a gender effect on educational attainment. Our aim in this essay is to portray the likely effects of austerity measures on gender equality with a focus on women’s participation in tertiary education and to hypothesize the implications of these scenarios for labour market effects, to be tested in future empirical research. 2017 Level: beginner The impact of Austerity on Gender in Tertiary Education: A Theoretical Analysis Zeynep M. Nettekoven and Izaskun Zuazu Exploring Economics Due to the economic crisis of 2008/2009, households faced drastic decreases in their incomes, the availability of jobs. Additionally, the structure of the labour market changed, while austerity measures and public spending cuts left households with less support and safeguards provided by the state. How have these developments affected the burden of unpaid labour and what influence did this have on gender relations? 2017 Level: beginner The effect of austerity on unpaid work and gender relations in Europe Lotte Maaßen Exploring Economics Due to the IMF’s focus on gender budgeting, this essay will mainly examine its gender budgeting recommendations as an example of its general inclination towards gender issues and its conception of gender equality. What does the IMF’s focus on gender equality really mean from a critical feminist perspective? What are its main objectives? What does it seek to change and to maintain? What concept or idea of women does it follow and what are the underlying theoretical foundations? 2017 Level: beginner The Gender strategy of the IMF: The way to go towards gender equality or a mere instrumentalisation of feminism? Lisa Weinhold and Carolin Brodtmann Exploring Economics In the fifth part of the Economics of COVID-19 Webinar by SOAS, Jo Michell sketches out the effects of the COVID-19 pandemic on the wider macroeconomy and warns against a resurgence of austerity politics. 2020 Level: advanced Will Coronavirus Mean the End of Austerity? The Macroeconomics of the COVID-19 Crisis SOAS Open Economics Forum, SOAS Economics Department, Jo Michell SOAS University of London The module is designed to first present some of the main schools of thought from a historical and methodological perspective. Each week we explore and critically assess the main tenants of each school of thought. In the second part of the module we link history of economic thought and methodology to a specific and contemporary economic question. The second part allows you to engage with current economic issues with an awareness of methodology and methodological differences and with some knowledge of the history of economics. 2019 Level: beginner History of Economic Thought Dr. Jeff Powell University of Greenwich In this video, Clara Mattei investigates the function of austerity in relation the stabilization of capitalism as a form of social order build around private property, wage labor and class relations. In order to develop this argument, she situates austerity in the history of World War 1 and its revolutionary aftermath. Zooming in on the politicization of the economy and the associated threat to class society that emerged in the period, she highlights how austerity was a „tool of reaction“ that was successful in curtailing demands for economic democracy and a society free from class oppression. 2022 Level: beginner The Capital Order - How Economists Invented Austerity & Paved the Way to Fascism Clara Mattei Institute for New Economic Thinking Gerald Friedman UMassEconomics University of Massachusetts at Amherst Level: beginner Great Recession Lectures Gerald Friedman University of Massachusetts at Amherst Popular Assemblies and the Promise of Direct Democracy Many similarities exist between the new movements against austerity that have emerged since 2011 ranging from Taksim Square in Turkey to the Chilean student protests and from Greece to NYC One of them is their return to the principles of direct democracy … 2015 Level: advanced The Next Revolution Murray Bookchin Verso Austerity has been at the center of political controversy following the 2008 financial crisis, invoked by politicians and academics across the political spectrum as the answer to, or cause of, our post-crash economic malaise. 2019 Level: beginner Austerity Konzelmann, Suzanne J. Polity It has become a contentious term in- and outside of economic policy: austerity. Allegedly the culprit behind the shortfalls of governments' reaction to the Great Financial Crisis, the policy makes for a spirited debate. 2015 Level: beginner Austerity Mark Blyth Oxford University Press