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Book
The Capital Order
How Economists Invented Austerity and Paved the Way to Fascism
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Most economists and investors view the modern economic order as a success. Sure, the rich are getting richer, but overall living standards have been on the rise around the world. Yet in this bracing study, economist Clara Mattei delivers a contrarian analysis. She asserts that, by using central bank policy and tax levels to control the economy, the powerful are enriching themselves and ripping off the masses. Mattei skillfully traces the roots of austerity programs to World War I, and she offers a thought-provoking take on the political and economic upheavals that have ensued in the century since.
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About the Author
Clara E. Mattei is an assistant professor of economics at the New School for Social Research in New York City.
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