Across the world's most industrialized economies, the financial crisis of 2007 caused a contraction of state budgets and stimulated attempts to reform debt-burdened governments. In the United States, a system of fiscal federalism meant this turn towards austerity took a uniquely fragmented and geographically diverse form. Drawing on case studies of recent urban restructuring, Cities under Austerity challenges dominant understandings of austerity as a distinctly national condition and develops a conceptualization of the new US urban condition that reveals its emerging political and social fault lines. The contributors empirically detail the restructuring that is taking place across the United States, its underlying logics, its local impacts and the ongoing processes of challenge and resistance that influences how it is shaping the lives of citizens. The new American political economy, it is argued, needs to be understood as composed of a mosaic of urban experiences that both build upon a differentiated foundation and creates new divergences. As state reforms continue to interact with this diverse urban political economy of the United States, this collection provides a state-of-the-art survey on how postcrisis convergences and divergences in urban economies and urban politics have laid the foundations for the new political geography of the United States.

What started as a mortgage crisis in 2007 and became a global financial and economic crisis in 2008, has transformed into a sovereign debt crisis since 2010. Throughout, cities all over Europe have been at the heart of the turmoil in multiple ways: indebted homeowners have been evicted, masses impoverished, public budgets tightened, municipal infrastructures privatized, and public services downsized. In short, austerity measures have been implemented. In view of the above, this book focuses on an issue that affects most people living in urban regions across Europe: the idea that fiscal austerity is a necessity that politics cannot avoid, no matter how harsh the consequences might be. To bring the effects of austerity politics to the forefront, the authors of this book expose actual urban problems in their spatiotemporal dimensions, discuss regulatory restructurings under a new regime of austerity urbanism, and reflect on the role of urban social movements struggling for progressive alternatives. Barbara Schönig is Professor for Urban Planning and Director of the Institute for European Urban Studies at the Bauhaus-Universität Weimar, Germany. Sebastian Schipper, PhD, is a researcher at the Department for Human Geography, Goethe-University Frankfurt am Main, Germany.

The global financial crisis has demonstrated the impact and implications of late capitalism and its bedfellow, globalisation. In the European context, crisis is seen as a threat to the stability of the region, rather than a local or national concern. Post-2008, crisis is social and political, rather than merely financial, as Western countries witness the consequences of consumption, growth and profit. In this book, Tsilimpounidi demonstrates how sociologists must develop new approaches to examining rapid shifts in the social landscape, since crisis is not merely reflected in balance sheets, but is mediated through spectacular imagery of loss, deprivation and increased vectors of marginalisation. Providing focused and valuable insight into the pressing problems of those living in Greece in relation to the wider spheres of the nation and at the level of the European Union, Sociology of Crisis takes an approach that is firmly located within a critical sociological appeal to reflexivity. A timely engagement with the problem of crisis at a macro-level and in dialogue with the everyday experiences of crisis on a micro-level, this interdisciplinary title will appeal to both undergraduate and postgraduate students interested in sociology, social policy, geography, urban studies and research methods (social science).

This seminal edited collection examines the impact of austerity and economic crisis on European cities. Whilst on the one hand the struggle for competitiveness has induced many European cities to invest in economic performance and attractiveness, on the other, national expenditure cuts and dominant neo-liberal paradigms have led many to retrench public intervention aimed at preserving social protection and inclusion. The impact of these transformations on social and spatial inequalities – whether occupational structures, housing solutions or working conditions – as well as on urban policy addressing these issues is traced in this exemplary piece of comparative analysis grounded in original research. Unequal Cities links existing theories and debates with newer discussions on the crisis to develop a typology of possible orientations of local government towards economic development and social cohesion. In the process, it describes the challenges and tensions facing six large European cities, representative of a variety of welfare regimes in Western Europe: Barcelona, Copenhagen, Lyon, Manchester, Milan, and Munich. It seeks to answer such key questions as: What social groups are most affected by recent urban transformations and what are the social and spatial impacts? What are the main institutional factors influencing how cities have dealt with the challenges facing them? How have local political agendas articulated the issues and what influence is still exerted by national policy? Grounded in an original urban policy analysis of the post-industrial city in Europe, the book will appeal to a wide range of social science researchers, Ph.D. and graduate students in urban studies, social policy, sociology, human geography, European studies and business studies, both in Europe and internationally.

PULITZER PRIZE FINALIST An epic, riveting history of New York City on the edge of disaster—and an anatomy of the austerity politics that continue to shape the world today When the news broke in 1975 that New York City was on the brink of fiscal collapse, few believed it was possible. How could the country’s largest metropolis fail? How could the capital of the financial world go bankrupt? Yet the city was indeed billions of dollars in the red, with no way to pay back its debts. Bankers and politicians alike seized upon the situation as evidence that social liberalism, which New York famously exemplified, was unworkable. The city had to slash services, freeze wages, and fire thousands of workers, they insisted, or financial apocalypse would ensue. In this vivid account, historian Kim Phillips-Fein tells the remarkable story of the crisis that engulfed the city. With unions and ordinary citizens refusing to accept retrenchment, the budget crunch became a struggle over the soul of New York, pitting fundamentally opposing visions of the city against each other. Drawing on never-before-used archival sources and interviews with key players in the crisis, Fear City shows how the brush with bankruptcy permanently transformed New York—and reshaped ideas about government across America. At once a sweeping history of some of the most tumultuous times in New York's past, a gripping narrative of last-minute machinations and backroom deals, and an origin story of the politics of austerity, Fear City is essential reading for anyone seeking to understand the resurgent fiscal conservatism of today.

Presenting the findings of a major Economic and Social Research Council (ESRC) project into urban austerity governance in eight cities across the world, this book offers comparative reflections on the myriad experiences of collaborative governance and its limitations.

Examines the ways in which austerity policies are transforming US cities. Across the world’s most industrialized economies, the financial crisis of 2007 caused a contraction of state budgets and stimulated attempts to reform debt-burdened governments. In the United States, a system of fiscal federalism meant this turn towards austerity took a uniquely fragmented and geographically diverse form. Drawing on case studies of recent urban restructuring, Cities under Austerity challenges dominant understandings of austerity as a distinctly national condition and develops a conceptualization of the new US urban condition that reveals its emerging political and social fault lines. The contributors empirically detail the restructuring that is taking place across the United States, its underlying logics, its local impacts and the ongoing processes of challenge and resistance that influences how it is shaping the lives of citizens. The new American political economy, it is argued, needs to be understood as composed of a mosaic of urban experiences that both build upon a differentiated foundation and creates new divergences. As state reforms continue to interact with this diverse urban political economy of the United States, this collection provides a state-of-the-art survey on how postcrisis convergences and divergences in urban economies and urban politics have laid the foundations for the new political geography of the United States.