Paul Krugman's latest fulmination against austerity economics mentions a new book by Mark Blyth entitled Austerity: The History of a Dangerous Idea. The author's name and his subject matter rang a bell, and then I remembered that Professor Blyth published an essay adapted from his book in the May/June issue of Foreign Affairs.
I went in search of more information about Professor Blyth, and I found this entertaining video critique of austerity economics that he made a while back:
It's refreshing to see someone acknowledge so forthrightly the class politics in the recent turn to austerity. I'd have greater respect for economists if more of them recognized the political aspect of their discipline. After all, economics used to be called political economy for a reason.