Welcome to Austerity and Anti-Austerity Beyond Capitalism
During the global economic crisis of 2008, many observers predicted that austerity economics would be discredited and abandoned, but over the ensuing decade it demonstrated surprising resilience. This conference, organized as a joint collaboration between scholars from History, Political Science, and Afro-American and African Studies at the University of Michigan, will explore the history of opposition to austerity, both retrieving overlooked forms of resistance and using those conflicts to better understand the nature of austerity itself. We are convinced that this economic ideology has a deeper and broader history than is commonly recognized. Though typically associated with neoliberalism, austerity has appeared as a central theme within a variety of socio-economic contexts from Africa, Asia, Europe, as well as South and North America. We hope to re-conceptualize this ideology as a more pervasive economic doctrine enacted and challenged at different historical junctures and across different economic and political systems.
Over the past decade, there has been a wave of path-breaking scholarship revealing the commonalities that linked capitalist and socialist economies across what has been traditionally called First, Second, and Third Worlds. That austerity doctrines themselves can emerge outside the well-studied context of neoliberalism, however, has received limited scholarly attention. We thus seek to create a new foundation to engage austerity more broadly beyond its neoliberal connotations.
Our collaborative effort brings together expertise from various fields in the Humanities and Social Sciences and seeks to expand on this burgeoning reappraisal of economic systems. Increasingly, we are coming to realize that capitalism and socialism shared a great many features in these regions—including the foundational assumptions that drive doctrines of austerity. Along these lines, our conference will emphasize how austerity and anti-austerity clashed both within and beyond liberal capitalism, and thus seek to better integrate the temporal and ideological binaries of political economy: pre-industrial and industrial, capitalist and socialist, communist and post-communist, developed and underdeveloped, colonial and post-colonial.