The liberal funding anxiety hardened into austerity doctrine by the 1920s

Evidence

The tension between these two viewpoints—can’t live with it, can’t live without it—generates a concern with how states should fund themselves, and it is this concern that creates the conditions for the emergence of austerity as a distinct economic doctrine when states become large enough budgetary entities in their own right to warrant cutting: that is, by the 1920s. When that happens, austerity appears in its own right as a distinct economic doctrine. — Mark Blyth, Austerity, 270

Categorization

• XREF: The 1920s emergence-date dovetails with Austerity literature placing the doctrine’s crystallization in interwar policy crises, relevant to Mattei’s periodization. — connects to: Swedish austerity in the 1920s produced the greatest slump in the nation’s history — Mark Blyth, Austerity: The History of a Dangerous…, 520; British monetary austerity after 1920 produced an unhealthy quasi-equilibrium for a full decade — Clara E. Mattei, The Capital Order: How Economists…, 1731; Postwar IMF Keynesianism concealed classical liberal assumptions derived from 1920s Treasury logic — Mark Blyth, Austerity: The History of a Dangerous…, 443 (+11 more)

Broader Connections

• British monetary austerity after 1920 produced an unhealthy quasi-equilibrium for a full decade #expands (0.85) — Clara E. Mattei, The Capital Order, 1731
• In the 1920s tiny owner classes imposed austerity on overwhelming majorities #exemplifies (0.82) — Clara E. Mattei, The Capital Order, 1472
• Postwar IMF Keynesianism concealed classical liberal assumptions derived from 1920s Treasury logic #complicates (0.80) — Mark Blyth, Austerity, 443
• Capitalism’s 1918-20 crisis triggered austerity as a counterrevolutionary reaction. #corroborates (0.80) — Clara E. Mattei, The Capital Order, 115
• Austerity originated after World War I as a counteroffensive against working-class unrest #complicates (0.78) — Clara E. Mattei, The Capital Order, 28
• Austerity was codified as economic policy at the 1920 Brussels conference. #qualifies (0.75) — Clara E. Mattei, Escape from Capitalism, 7