"In many European countries, and especially in the United Kingdom, the austerity policies followed since the financial crisis have led to political upheaval and are increasingly put into question. This book comes at the right time. It brings together the arguments of economists pro and con austerity. The originality of the book is to introduce a historical perspective to this debate." (Paul De Grauwe, LSE, UK) "This book is a veritable treasury of the key sources on the most controversial economic issue of our time - austerity. Not only has it collected the most important writings on the subject but it also provides highly sophisticated but accessible introductions to each of them. It is an absolutely essential reading for everyone who wants to understand what is going on with our economy and politics." (Ha-Joon Chang, University of Cambridge, UK) "In this excellent intellectual biography of the crisis, Skidelsky and Fraccaroli give us both the historical arguments, and the contemporary adaptations of these arguments, for Austerity and Stimulus.

The politics of economic theory has never been so clearly exposed." (Mark Blyth, Professor of International Political Economy, Brown University, UK).