December 2, 2013
December 2, 2013
November 18, 2013
A Brown Alumni Magazine cover story explores how Faculty Fellow Mark Blyth's childhood in Scotland informs his approach to political economy.
May 3, 2013
In the few weeks following the Institute's April 12 news piece about wide-ranging conversations sparked by Mark Blyth's Austerity: The History of A Dangerous Idea, more reviews and discussions have piled up around the book.
April 18, 2013
Mark Blyth warns against the imaginary thinking of austerity policy in Time's Ideas section. In keeping with the mantra of his new book, he reminds readers that austerity is a "dangerous idea: it doesn't work in the world that we actually inhabit."
April 12, 2013
Mark Blyth has been warning the world about the dangers of austerity for years. His new book, Austerity: The History of a Dangerous Idea, questions the logic that a government can "cut its way to growth," revealing austerity policy for what it is: "nonsense."
March 12, 2013
The Washington Monthly reviews Mark Blyth's forthcoming book, Austerity: The History of a Dangerous Idea in its March/April issue, calling it "essential reading." Blyth, who is professor of political science and faculty fellow at the Institute, brings an accessible, politically informed voice to a topic that is traditionally the province of economists. "The economy is much too important to leave to economists," writes reviewer Henry Farrell. "We need to understand how ideas shape it, and Blyth's new book provides an excellent starting point."
January 4, 2013
Mark Blyth, faculty fellow at the Institute and author of the forthcoming book Austerity: The History of a Dangerous Idea, explains that debate around revenue and spending should focus on growth, not deficit reduction. Speaking to a Bloomberg News reporter about the year-end fiscal cliff negotiations in Congress, Blyth suggests that "Democrats should have said to Republicans, 'You're the guys who created the debt. We'll deal with the debt when we return to growth. Get lost.'"
August 8, 2012
The European Central Bank and the Federal Reserve are making the same mistake, Mark Blyth writes on the Harvard Business Review blog. Both are trying to solve a fiscal problem — stagnant growth — with a monetary instrument — the interest rate — that is already at the limit of its usefulness.
June 12, 2012
Institute Faculty Fellow Mark Blyth co-authored a piece in Foreign Affairs online defining the kind of leadership the Eurozone needs from Berlin. Writing with Matthias Matthijs, Visiting Assistant Professor of International Political Economy at the Johns Hopkins School of Advanced International Studies, Blyth says that Germany must recognize that the Eurozone crisis is financial, not fiscal and lead accordingly. Blyth and Matthijs conclude that: "It would be nice," they conclude, "to use an American expression, for Germany to step up to the plate and put its full economic weight behind a fiscal and a banking union, including euro-denominated sovereign debt."
March 12, 2012
Institute Professor Mark Blyth commented on the waning importance of the "special" US – British relationship. "The policy elites in Britain would like to still believe there is a special relationship between the U.S. and Britain," Blyth observed, speaking in advance of President Obama's Wednesday meeting with British Prime Minister David Cameron. "The American focus has shifted toward Germany and the eurozone and away from the so-called special relationship with Britain."
January 3, 2012
Predicting a “combined austerity binge,” with 11 of the Eurozone’s 17 countries poised to slash their budgets in hopes of averting financial crisis, Institute Professor Mark Blyth today professed Europe’s austerity policies “not much of a solution.” In an interview on Bloomberg TV, he said, “We can’t all simultaneously cut our way to growth because someone has to be spending to maintain economic growth.”
November 17, 2011
Institute Professor Mark Blyth suggested that European contagion from Greece’s financial issues is likely, in an interview on public radio’s Marketplace program. In fact, there are too many structural problems right now for the contagion not to spread.
November 14, 2011
Investors' honeymoon with new Italian Prime Minister Mario Monti is already over, but Institute Professor Mark Blyth said this morning on Bloomberg TV that this should come as no surprise. Trying to shore up confidence by bringing in a Euro-technocrat did not really address the real problem. "They're not facing a confidence problem, they're facing a liquidity problem," he said. "And the way you solve that is by having a lender of last resort, and that's what the European Central Bank doesn't want to be."
October 25, 2011
As European Union leaders prepared for what was hoped to be a breakthrough summit on the EU financial crisis on Wednesday (and with the sudden cancellation of the finance ministers' actual preparatory meeting), Institute Faculty Fellow Mark Blyth was wondering aloud, on Bloomberg, “breakthrough or breakdown?”
October 18, 2011
“We face another Lehman moment,” Institute Faculty Fellow Mark Blyth writes this month on the website of Deutsche Welle, Germany’s international broadcaster. “The sea is rising and the wall isn't high enough so it should be in the self-interest of the core banks to take precautions and raise more capital to withstand the flood – right? Haven't they learned anything from 2008?”