Makroekonomi

Häftad, Svenska, 2023

896 kr

Skickas

Denna andra upplaga är grundligt reviderad och uppdaterad. Nyheterna omfattar bland annat

Mer modern analys av penningpolitiken med fokus på räntesättning i stället för penningmängd. Analys av penningpolitik i situationer när en nedre ränterestriktion binder. Integrerad analys av inflation och Phillipskurva i den grundläggande makromodellen. Analys av den ekonomiska politiken under pandemin och efterföljande inflationsperiod 2022-2023. Analys av finanskriser och vilken politik som kan motverka dem och deras effekter.

Makroekonomi är den första internationellt ledande läroboken i ämnet som översatts till svenska. Boken har anpassats efter svenska förhållanden.

Det engelskspråkiga originalets författare, Olivier Blanchard, är senior research fellow vid Peterson Institute for International Economics i Washington och har varit professor vid MIT och chefsekonom vid Internationella valutafonden. Macroeconomics har fått ett stort genomslag runt om i världen, både i undervisning och för ekonomisk-politiskt beslutsfattande. Den har utkommit i åtta upplagor på engelska och är översatt till många språk. Bokens internationella framgång beror till stor del på att den använder en enda sammanhängande modell, vilket underlättar förståelsen. Boken bygger på den senaste makroekonomiska forskningen.

Den svenska versionen inkluderar kärnan i originalet men är mer koncis. Teorin illustreras med hjälp av en rad exempel från makroekonomisk utveckling och politik i Sverige. Bearbetningen av originalet har gjorts av professorerna Lars Calmfors, Harry Flam, John Hassler och Per Krusell vid Institutet för internationell ekonomi, Stockholms universitet. De har alla lång erfarenhet av ekonomisk-politisk utvärdering och debatt, forskning och inte minst undervisning.

Om författarna

LARS CALMFORS är professor emeritus i internationell ekonomi vid Institutet för internationell ekonomi, Stockholms universitet, och forskare vid Institutet för Näringslivsforskning. Calmfors forskning avser främst arbetsmarknads- och makroekonomi. Han har varit ordförande i EMU-utredningen, Finanspolitiska rådet, European Economic Advisory Group och Arbetsmarknadsekonomiska rådet. Han är nu ledamot i finansministerns ekonomiska råd och i arbetsmarknadsministerns arbetsmarknadspolitiska råd. Han har varit ledamot av Kommittén för priset i ekonomisk vetenskap till Alfred Nobels minne.

HARRY FLAM är professor emeritus i internationell ekonomi vid Institutet för internationell ekonomi, Stockholms universitet. Flams forskning är inriktad på utrikeshandel och europeisk ekonomisk integration. Han har bland annat varit utredare av Riksbankens finansiella oberoende, ordförande för Finanspolitiska rådet, vice ordförande för Expertgruppen för offentlig ekonomi och ledamot av EMU-utredningen.

JOHN HASSLER är professor i nationalekonomi vid Institutet för internationell ekonomi, Stockholms universitet. Hassler har bland annat forskat om social rörlighet och tillväxt. Nu är fokuset på klimatekonomi. Hans forskningsresultat har publicerats i de främsta internationella ekonomitidskrifterna. Han har varit ordförande i Finanspolitiska rådet, är ledamot av vetenskapsakademierna KVA och IVA och är sedan 2009 ledamot av Kommittén för priset i ekonomisk vetenskap till Alfred Nobels minne.

PER KRUSELL är professor i nationalekonomi vid Institutet för internationell ekonomi, Stockholms universitet. Krusell forskar brett inom ämnet, bland annat om ekonomisk tillväxt, arbetsmarknad, konjunkturcykler, politisk ekonomi, ojämlikhet och klimatekonomi, och har skrivit ett stort antal artiklar i ledande ekonomitidskrifter. Han har varit ledamot av Kommittén för priset i ekonomisk vetenskap till Alfred Nobels minne i många år och var dess ordförande 2011-13.

Macroeconomics

AvN. Gregory Mankiw

Häftad, Engelska, 2024

1 143 kr

Grundläggande makroekonomi

AvKlas Fregert

Häftad, Svenska, 2025

557 kr

Skickas

Boken introducerar ämnet makroekonomi med svensk terminologi och svenska institutioner. I del I förklaras grundläggande begrepp och samband. Ett kapitel beskriver finanssektorns funktioner och regelverk. Del II behandlar den långa sikten med tillväxt, arbetsmarknad, växelkurser och prisnivå. Egna kapitel, i anslutning till tillväxtteorin, tar upp inkomstojämlikhet och klimatkrisen. I del III behandlas teorin för den korta sikten om konjunkturer och stabiliseringspolitik. Inledningskapitlet beskriver konjunkturfenomenet och avslutningskapitlet konjunkturprognoser. Del IV om stabiliseringspolitiska problem innehåller följande kapitel:• Hur bör stabiliseringspolitiken utformas? Tidskonsistens- och tidsfördröjningsproblemet• Stabiliseringspolitiken i Sverige – institutioner, mål och medel• Stabiliseringspolitiska regimer i Sverige 1951–2024 – regelverk och utfall• Kriser – finanskriser, statsskuldkriser, valutakriser, covidkrisen 2021 och kostnadsinflationen 2022–2023• Rörlig eller fast växelkurs genom EMU-medlemskap?Boken innehåller ett antal applikationer i Excel, som demonstrerar hur makroekonomiska data kan omvandlas för jämförelser över tiden och mellan länder, samt simuleringar och prognosmetoder. Korta rutor under rubriken historiska vingslag beskriver uppkomsten av grundläggande institutioner som Riksbanken, Riksgälden, banksystemet och den svenska arbetsmarknadsmodellen.

Pengars psykologi : tidlösa lärdomar om förmögenhet, girighet och lycka

AvMorgan Housel

22

Häftad, Svenska, 2021

213 kr

Skickas

Förmågan att hantera dina pengar handlar inte så mycket om vad du kan eller känner till. Det handlar om hur du beter dig. Och beteende är svårt att lära ut - även till riktigt smarta personer. Placeringar, privatekonomi och affärsbeslut lärs ut som matematik, där siffror och formler visar oss exakt hur vi ska agera. Men i verkliga livet fattar människor sällan ekonomiska beslut efter räkneexempel. De fattar dem vid middagsbordet eller i ett mötesrum på jobbet där egna erfarenheter, personliga tolkningar av världen, ego, stolthet, reklam och egna drivkrafter läggs samman i en salig blandning. I Pengars Psykologi förklarar den prisbelönte författaren Morgan Housel i 19 fristående korta kapitel hur underligt vi ofta tänker kring pengar och hjälper dig att fatta bättre beslut i ett av de viktigaste ämnena i livet.

Morgan Housel är delägare i Collaborative Fund. Han var tidigare kolumnist i Wall Street Journal och The Motley Fool. Han har två gånger fått utmärkelsen Best in Business Award av Society of American Business Editors and Writers, New York Times Sidney Award och två gånger varit finalist för Gerald Loeb Award for Distinguished Business Writing.

Broken Money

Why Our Financial System is Failing Us and How We Can Make it Better

AvLyn Alden

2

Häftad, Engelska, 2023

224 kr

Skickas inom 5-8 vardagar

Macroeconomics

AvCharles I. Jones

Häftad, Engelska, 2024

981 kr

Skickas inom 3-6 vardagar

Jones’s Macroeconomics helps students understand our interconnected world.The COVID-19 pandemic and the shocks of the 2007–2009 global financial crisis show how linked economies have become. While continuing to feature the strongest coverage of growth in the market, Jones now examines our global, interconnected economy with examples from the COVID-19 recession, the Great Recession, and other worldwide events. Students can reinforce their understanding of key concepts through Check Your Understanding questions with rich, answer-specific feedback, written by Chad Jones himself, in the Norton Illumine Ebook.

Nyhet

Money Beyond Borders

Global Currencies from Croesus to Crypto

AvBarry Eichengreen

Inbunden, Engelska, 2026

308 kr

Skickas

A 2,500-year history of international currencies that reveals new insights about the future of the U.S. dollar—as well as crypto and central bank digital currenciesDoubts about the international dominance of the dollar are only growing amid worries about tariffs, political dysfunction, and fraying international alliances. Will the dollar continue to reign supreme? In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar’s prospects in deep historical perspective by chronicling the entire history of cross-border currencies, from the invention of coins in the seventh century BCE to the cryptocurrencies of today and the central bank digital currencies of tomorrow.Money Beyond Borders recounts how Greek and Roman coins became the first true international currencies. It tells how the Florentine gold florin became the “greenback of the Renaissance,” and how it was succeeded by Spanish silver and a Dutch fiat currency. The book explains why the British pound dominated the international economy in the nineteenth century, why the dollar rose to the top during World War II, and why the dollar has survived predictions of the imminent loss of its preeminence since the 1970s.The long history of international currencies shows that the same factors that encourage their widespread use eventually lead to their abandonment. Money Beyond Borders makes a powerful case that the dollar is now on the downside of this cycle, and it considers who the winners and losers will be when there is flight away from the greenback. Revealing important patterns in the life cycles of international currencies over the past 2,500 years, the book offers valuable lessons and insights about how currencies rise—and why they fall.

Market Microstructure Theory

AvMaureen O'Hara

Inbunden, Engelska, 1995

810 kr

Skickas inom 7-10 vardagar

Written by one of the leading authorities in market microstructure research, this book provides a comprehensive guide to the theoretical work in this important area of finance.

Global Casino

How Wall Street Gambles with People and the Planet

AvAnn Pettifor

Inbunden, Engelska, 2026

194 kr

Skickas inom 5-8 vardagar

The global market in money - housed in the offshore 'shadow' banking system - holds $217 trillion in financial assets and operates beyond the reach of any nation's taxman. Asset managers, private equity firms, and pension and sovereign wealth funds scoop up the world's savings for investment and manage them as they choose, unaccountable to politicians or the citizens who elect them.In this brilliant, accessible and incisive introduction to the murky world of globalized finance, Ann Pettifor links the activities of remote mobile financial markets to both the cost-of-living and climate crises. In an insane global casino, bankers are gambling with our future. When we foot the bill, no one but a few economists understands what has happened. The result is volatile, unpredictable and uncontrollable speculation in global commodities, pension, energy, and housing.Pettifor argues that societies and governments can take back control of the global financial system. We have done it before and can do it again. Indeed, it is imperative that we do so if we are to manage the twin threats of climate breakdown and biosphere collapse.

Nyhet

Geld als Waffe

AvUlrike Herrmann

Inbunden, Tyska, 2026

288 kr

Skickas inom 3-6 vardagar

Creature from Jekyll Island

A Second Look at the Federal Reserve

AvG Edward Griffin

1

Inbunden, Engelska, 2010

592 kr

Skickas inom 5-8 vardagar

Our Dollar, Your Problem

An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead

AvKenneth Rogoff

1

Inbunden, Engelska, 2025

315 kr

Skickas inom 7-10 vardagar

A National Bestseller • Recommended by Financial Times as “What to Read in 2025” “The central argument of Our Dollar, Your Problem—that the greenback’s pre-eminence was never guaranteed and might plausibly be overturned—could hardly be more timely.”—The Economist A leading economist explores the global rise of the U.S. dollar and shows why its future stability is far from assured Our Dollar, Your Problem argues that America’s currency might not have reached today’s lofty pinnacle without a certain amount of good luck. Drawing in part on his own experiences, including with policymakers and world leaders, Kenneth Rogoff animates the remarkable postwar run of the dollar—how it beat out the Japanese yen, the Soviet ruble, and the euro—and the challenges it faces today from crypto and the Chinese yuan, the end of reliably low inflation and interest rates, political instability, and the fracturing of the dollar bloc. Americans cannot take for granted that the Pax Dollar era will last indefinitely, not only because many countries are deeply frustrated with the system, but also because overconfidence and arrogance can lead to unforced errors. Rogoff shows how America’s outsized power and exorbitant privilege can spur financial instability—not just abroad but also at home.

A Great Deal of Ruin

Financial Crises since 1929

AvJames Gerber

Häftad, Engelska, 2019

422 kr

Skickas inom 7-10 vardagar

A Great Deal of Ruin provides an accessible introduction to the enduring problem of financial crises. Illustrated with historical analysis, case studies, and clear economic concepts, this book explains in three parts what financial crises are, how they are caused and what we can learn from them. It begins with a taxonomy of crises and a list of factors that increase the risk for countries experiencing a financial crisis. It then examines five of the most important crises in modern economic history, beginning with the Great Depression and ending with the subprime crisis in the United States and its evolution into a debt crisis in the Eurozone. The book concludes with a set of lessons that can be learnt from the crises of the past. It will appeal to university students as well as general readers who are curious to learn more about the recent subprime crisis and other financial crises.

Capital Order

How Economists Invented Austerity and Paved the Way to Fascism

AvClara E. Mattei

Häftad, Engelska, 2025

238 kr

Skickas inom 7-10 vardagar

A Financial Times Best Book of the Year"A must-read, with key lessons for the future."—Thomas PikettyA groundbreaking examination of austerity’s dark intellectual origins. For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages, fiscal spending, and public benefits—as a path to solvency. While these policies have been successful in appeasing creditors, they’ve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: What if solvency was never really the goal? In The Capital Order, political economist Clara E. Mattei explores the intellectual origins of austerity to uncover its originating motives: the protection of capital—and indeed capitalism—in times of social upheaval from below. 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. Where these policies “succeeded,” relatively speaking, was in their enrichment of certain parties, including employers and foreign trade interests, who accumulated power and capital at the expense of labor. Here, Mattei argues, is where the true value of austerity can be observed: its insulation of entrenched privilege and its elimination of all alternatives to capitalism. Drawing on newly uncovered archival material from Britain and Italy, much of it translated for the first time, The Capital Order offers a damning and essential new account of the rise of austerity—and of modern economics—at the levers of contemporary political power.

Makroekonomi : teori, politik och institutioner

AvKlas Fregert,Lars Jonung

6

Inbunden, Svenska, 2018

674 kr

Skickas

Makroekonomi är en lärobok skriven för svenska förhållanden. Begrepp och teorier behandlas i anslutning till analys av Sveriges institutioner, ekonomiska utveckling och ekonomisk-politiska erfarenheter. Makroekonomins centrala områden – nationalräkenskaper, arbetslöshet, inflation, konjunktursvängningar och tillväxt – analyseras ur den lilla öppna ekonomins perspektiv. Stor vikt läggs vid teorin och empirin kring finansiella kriser. Nytt i denna femte upplaga är ett självständigt kapitel om finanssektorn. Fördelarna och riskerna förknippade med bankernas dubbla funktion som kredit- och betalningsförmedlare beskrivs grundligt.Det unika med denna bok är att den utgår från det rika makroekonomiska arv i form av bidrag till teori och praktisk politik som vårt land kan uppvisa. Svenska nationalekonomer som Knut Wicksell, Gustav Cassel, Eli Heckscher, Gunnar Myrdal och Bertil Ohlin har påverkat den makroekonomiska teorin. Hit hör också Dag Hammarskjöld, vars bild pryder bokens omslag. Sverige uppvisar ett antal spännande makroekonomiska experiment. Riksbanken är den äldsta centralbanken i världen. Den var först i Europa med att ge ut sedlar. Under 1700-talet blev Sverige det första land som prövade penningpolitik under pappersmyntfot. Under 1930-talets globala ekonomiska kris blev Sverige det första land – och är fortfarande det enda – som infört en stabilisering av konsumentprisindex som målet för penningpolitiken. Sverige var också tidigt ute med en medveten användning av finanspolitiken för att styra konjunkturen. Den svenska modellen för arbetsmarknadspolitiken väckte internationell uppmärksamhet under efterkrigstiden. Makroekonomi är en grundbok i nationalekonomi för universitet och högskolor. Den lämpar sig också väl för den som är allmänt intresserad av samhällsekonomins utveckling och den ekonomisk-politiska debatten.

Poor Economics

The Surprising Truth about Life on Less Than $1 a Day

AvAbhijit V. Banerjee,Esther Duflo

Häftad, Engelska, 2025

141 kr

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FULLY UPDATED EDITION WITH TWO NEW CHAPTERS From the winners of the 2019 Nobel Prize in EconomicsWhy would a man in Morocco who doesn't have enough to eat buy a television?Why do the poorest people in India spend 7 percent of their food budget on sugar?Does having lots of children actually make you poorer?This eye-opening book overturns the myths about what it is like to live on very little, revealing the unexpected decisions that millions of people make every day. Looking at some of the most paradoxical aspects of life below the poverty line - why the poor need to borrow in order to save, why incentives that seem effective to us may not be for them, and why, despite being more risk-taking than high financiers, they start businesses but rarely grow them - Banerjee and Duflo offer a new understanding of the surprising way the world really works.Winner of the FT Goldman Sachs Business Book of the Year Award 2011 'Refreshingly original, wonderfully insightful . . . an entirely new perspective' Guardian

Creature from Jekyll Island

AvEdward G Griffin

1

Häftad, Engelska, 2018

572 kr

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Principles for Dealing with the Changing World Order

Why Nations Succeed and Fail

AvRay Dalio

Inbunden, Engelska, 2021

352 kr

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Understanding Central Banks

AvNils Herger

Inbunden, Engelska, 2019

455 kr

Skickas inom 10-15 vardagar

Issues related to central banks feature regularly in economic news coverage, and in times of economic or financial crisis, especially when a commercial bank is bailed out, they become the focus of the policy debate. How do central banks wield influence over the financial system and the broad economy?

Entropy Economics

The Living Basis of Value and Production

AvJames K. Galbraith,Jing Chen

Inbunden, Engelska, 2025

292 kr

Skickas inom 7-10 vardagar

Economists dream of equilibrium. It’s time to wake up.In mainstream economics, markets are ideal if competition is perfect. When supply balances demand, economic maturity is orderly and disturbed only by shocks. These ideas are rooted in doctrines going back thousands of years, yet, as James K. Galbraith and Jing Chen show, they contradict the foundations of our scientific understanding of the physical and biological worlds. Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes—an unequal world of unceasing change in which boundaries, plans, and regulations are essential. Galbraith and Chen’s theory of value is based on scarcity, and it accounts for the power of monopoly. Their theory of production covers increasing and decreasing returns, uncertainty, fixed investments over time, and the impact of rising resource costs. Together, their models illuminate key problems such as trade, finance, energy, climate, conflict, and demography. Entropy Economics is a thrilling framework for understanding the world as it is and will be keenly relevant to the economic challenges of a world threatened with disorder.

Same as Ever

Timeless Lessons on Risk, Opportunity and Living a Good Life

AvMorgan Housel

1

Häftad, Engelska, 2023

208 kr

Skickas inom 7-10 vardagar

The New York Times and Sunday Times Bestseller. As featured on the Dr Chatterjee podcast Feel Better, Live More and the Diary of a CEO podcast with Steven Bartlett. From the author of the multi-million copy selling The Psychology of Money…Same As Ever will arm you with a powerful new ability to think about risk and opportunity, and navigate the uncertainty of the future. When planning for the future, we often ask something like, “What will the economy be doing this time next year?” Or we want to know, “What will be different ten years from now?”But forecasting is hard. The important events that will shape the future are inherently unpredictable.Instead, we should be asking a different question: What will be the same in the future as it is now?Knowledge of the things that never change is more useful, and more important, than an uncertain prediction of an unknowable future.In Same As Ever, bestselling author Morgan Housel shares 24 short stories about the ways that life, behaviour, and business will always be the same.As you see familiar themes repeat again and again in the years ahead, you’ll find yourself nodding and saying, “Yep, same as ever.”With this new knowledge and confidence, you will be on the path to living a good life.

A Political Theory of Money

AvAnush Kapadia

Häftad, Engelska, 2024

344 kr

Skickas inom 7-10 vardagar

Understanding money's nature as political, institutional, and material answers today's big money questions. Money remains a foundational question of social theory. What is money? Why does something so insubstantial have value? How do money systems make promises function like valuable things? Why are money systems always hierarchical yet variable? The answer, the book argues, is politics. Money is institutionalised social power. Politics generates institutions that differentially lock into the future product of political and economic collectives. Money emerges from the institutionalisation of social antagonisms to encapsulate a collective's productive potential in a flexible, tradable instrument. This takes a system. Money is built in hierarchical layers out of the inherently variable material of politics and at various economic scales. This book outlines these variable processes theoretically and through case studies.

Economics: The Economist Guide

AvPhilip Coggan

Häftad, Engelska, 2025

152 kr

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From its humble beginnings in Ancient Greece to today's mammoth global system, economics is all around us.Getting to grips with what it means is crucial to understanding how the world works: it's never been more important to know your macro from your micro and your fiscal from your monetary policy.In this invaluable guide, Philip Coggan lifts the veil with an entertaining, no-nonsense overview of the development and scope of the field, and breaks down the jargon with an all-new A-Z of key economics concepts and terms.Crisp, sophisticated and often surprising, this is the complete companion to what economics is - and why it matters.

Gold Standard

An Alternative History of the Twentieth Century

AvSaifedean Ammous

Häftad, Engelska, 2025

272 kr

Skickas inom 5-8 vardagar

Nyhet

Our Dollar, Your Problem

An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead

AvKenneth Rogoff

Häftad, Engelska, 2026

250 kr

Skickas inom 3-6 vardagar

A National Bestseller • Recommended by Financial Times as “What to Read in 2025” “The central argument of Our Dollar, Your Problem—that the greenback’s pre-eminence was never guaranteed and might plausibly be overturned—could hardly be more timely.”—The Economist A leading economist explores the global rise of the U.S. dollar and shows why its future stability is far from assured Our Dollar, Your Problem argues that America’s currency might not have reached today’s lofty pinnacle without a certain amount of good luck. Drawing in part on his own experiences, including with policymakers and world leaders, Kenneth Rogoff animates the remarkable postwar run of the dollar—how it beat out the Japanese yen, the Soviet ruble, and the euro—and the challenges it faces today from crypto and the Chinese yuan, the end of reliably low inflation and interest rates, political instability, and the fracturing of the dollar bloc. Americans cannot take for granted that the Pax Dollar era will last indefinitely, not only because many countries are deeply frustrated with the system, but also because overconfidence and arrogance can lead to unforced errors. Rogoff shows how America’s outsized power and exorbitant privilege can spur financial instability—not just abroad but also at home.

Tillämpad makroekonomi

AvMats Persson,Eva Skultm. fl.

Häftad, Svenska, 2018

271 kr

Skickas

Nationalekonomin brukar delas upp i två huvuddelar: mikroekonomi och makroekonomi. Inom mikroekonomin studerar man ekonomins grundläggande byggstenar, nämligen de enskilda hushållens och företagens beslut. Inom makroekonomin har man ett mer övergripande perspektiv; där studerar man de stora aggregaten, som arbetslöshet, tillväxt, ränta och inflation. Det är inom dessa områden som den politiska diskussionen är som hetast i dag. Varför är arbetslösheten så hög? Hur sköter Riksbanken sitt arbete egentligen? Varför svänger räntorna och växelkurserna så mycket? Hur ska man hantera finanskriser? Och varför är inkomstfördelningen så ojämn? Syftet med Tillämpad makroekonomi är att på ett enkelt och lättfattligt sätt presentera nationalekonomernas syn på dessa frågor.

Economy as an Evolving Complex System IV

Volume One

AvR Maria del Rio-Chanona,Marco Pangallo

Inbunden, Engelska, 2026

325 kr

Skickas inom 5-8 vardagar

Economy as an Evolving Complex System IV

Volume Two

AvR Maria del Rio-Chanona,Marco Pangallo

Inbunden, Engelska, 2026

336 kr

Skickas inom 5-8 vardagar

Secret Money Domination

Steal the Wealth Strategies of the 1% and Break Free from Financial Slavery

AvThe Veiled Architect

Häftad, Engelska, 2025

231 kr

Skickas inom 5-8 vardagar

Capital Order

How Economists Invented Austerity and Paved the Way to Fascism

AvClara E. Mattei

Inbunden, Engelska, 2022

305 kr

Skickas

A Financial Times Best Book of the Year"A must-read, with key lessons for the future."—Thomas PikettyA groundbreaking examination of austerity’s dark intellectual origins. For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages, fiscal spending, and public benefits—as a path to solvency. While these policies have been successful in appeasing creditors, they’ve had devastating effects on social and economic welfare in countries all over the world. Today, as austerity remains a favored policy among troubled states, an important question remains: What if solvency was never really the goal? In The Capital Order, political economist Clara E. Mattei explores the intellectual origins of austerity to uncover its originating motives: the protection of capital—and indeed capitalism—in times of social upheaval from below. 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. Where these policies “succeeded,” relatively speaking, was in their enrichment of certain parties, including employers and foreign trade interests, who accumulated power and capital at the expense of labor. Here, Mattei argues, is where the true value of austerity can be observed: its insulation of entrenched privilege and its elimination of all alternatives to capitalism. Drawing on newly uncovered archival material from Britain and Italy, much of it translated for the first time, The Capital Order offers a damning and essential new account of the rise of austerity—and of modern economics—at the levers of contemporary political power.