Why do budgetary crises tend to lead to politicians and business leaders calling for governments to tighten their purse strings? How can we understand austerity as politics, not just common business sense? This week, we welcome back Kim Phillips-Fein to discuss her new book, Fear City, on the fiscal crisis in New York City in the 1970s.
Kim Phillips-Fein is Associate Professor of History at the Gallatin School at New York University. She is the author of Fear City: New York’s Fiscal Crisis and the Rise of Austerity Politics as well as of Invisible Hands: The Businessmen’s Crusade Against the New Deal. You can read more about her work here, and you can listen to her other interview on Who Makes Cents here.