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Architects of Austerity
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About the Author

Aaron Major is Assistant Professor of Sociology at the State University of New York, Albany.

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"Architects of Austerity is a provocative and informative rewriting of the political economic history of the capitalist world in the 1960s, challenging our conception of the decade as a decade of high Keynesianism. It debunks the conventional assumption that the ideology of austerity had been sidelined in postwar era, showing that it never went away and has been deeply embedded in international financial authorities." - Ho Fung Hung, Johns Hopkins University "This is a fine book on a timely topic. Aaron Major's argument is global in scope and draws on a wide range of archival documents to come to a fascinating conclusion: that the main actors in the rise of austerity are central banks, and that neoliberalism in monetary policy actually began not in the 1970s, but in the 1950s and 1960s. Architects of Austerity clearly advances our knowledge of some of the most important issues of our day." - Monica Prasad, Northwestern University

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