Mark Blyth’s argument in his Austerity: the History of a Dangerous Idea (OUP 2013 – our catalogue record here) was summarised as “austerity doesn’t work. Period”. The Financial Times considered the claim “overstated”, but included the book in its 2013 ‘books of the year’ list. Comparative European Politics devoted a special issue to the book, with critics commenting on the book and including a rejoinder by Blyth. The special issue – November 2013 – is provisionally available for free.
Here are some other articles and reviews on the book.