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Austerity: When It Works and When It Doesn’t

Austerity: When It Works and When It Doesn’tby Alberto Alesina, Carlo Favero, and Francesco GiavazziPrinceton: Princeton University Press, 2019, xvi + 245 pp. Mark Thornton (mthornton@mises.org) is Senior Fellow at the Mises Institute and Book Review Editor at the QJAE. Quarterly Journal of Austrian Economics 22, no. 1 (Spring 2019), for full issue, click here. Austerity is, plain and simple, living within one’s means for normal...