Mark Blyth is Professor of International Political Economy at Brown University. He is the author of "Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century." His most recent book is "Austerity: The History of a Dangerous Idea" (Oxford University Press, 2013), from which this essay is adapted. Copyright © Oxford University Press.
SOURCE: Harvard Crimson (5-7-13)
SOURCE: MSNBC (5-6-13)