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Evolution of Austerity

  • 04-08-2013 10:05am
    #1
    Austeritynerd
    Registered Users, Registered Users 2 Posts: 9 ✭


    The Merriam-Webster online dictionary voted 'Austerity' as its' Word of the Year in 2010, stating that it has been around since the 14th century. I found this incredible, yet difficult to track down its evolution since then.


    I wonder what Austerity meant in the 14th century?
    Did it evolve with each new century?
    What did Austerity mean prior to the 2008 global financial crisis?
    What did it mean after 2008?
    Has it once again evolved 5 years after the crisis?

    Opinions very much appreciated.


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