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Clara E. Mattei is an Assistant Professor in the Economics Department of The New School for Social Research, and was a 2018-2019 member of the School of Social Sciences at the Institute for Advanced Studies. Her research contributes to the history of capitalism, exploring the critical relation between economic ideas and technocratic policy making. Her forthcoming book "The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism" examines the history of austerity. She presents a paradigm shift in the austerity debate by problematizing the goal of austerity as economist preaches for troubled nations as only way forward. Mattei traces modern austerity to its origins in interwar Britain and Italy, revealing how the threat of working-class power in the years after World War I animated a set of top-down economic policies that elevated owners, smothered workers, and imposed a rigid economic hierarchy across their societies. 00:00 Highlight 01:08 Introduction 03:12 Why austerity? 17:29 Why the WW1? 32:27 Austerity and fascism 58:05 Italy- liberalism or fascism?

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#austerity #capital #inflation