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In their balance of austerity and sweetness, they illustrated how the genre is at once self-purging and self-renewing.
"It took a long time for them to get to the view we need a balance of austerity and growth," Mr. Odell said by telephone this week.
Delivering more than 1,000 pages of diagnosis and policy prescriptions on the dire condition of the European economy and on how to try to end almost three years of euro crisis, the commission said Europe needed the right balance of austerity measures and growth.
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Exhibit B compared advanced economies' economic performance between 2009 and 2013 with the average annual change in the cyclically adjusted primary balance, Krugman's chosen measure of austerity.
Responsible policy makers must balance the relative costs and benefits of austerity at a time when high unemployment is exacerbating rising inequality, and threatening the social fabric of advanced industrial democracies around the world.
Cameron has urged eurozone leaders to do a better job of balancing austerity and growth, following data on Tuesday that showed there was no economic growth across the region in the first three months of 2012.
And earlier this year, Summers gave some voice to the concerns of those who feel that the age of austerity is being balanced on their backsides, writing, "[A]t a deeper level, citizens of the industrial world who believe that they live in progressive societies are right to wonder why increasingly affluent societies need to roll back levels of social protection".
There was even a pledge to balance the books, albeit while getting rid of austerity at the same time.
But this season's shows have struck a fine balance between innovation and reality in a time of austerity.
He added: "By sticking to our sensible and fair approach to balancing the books, we can end the era of austerity in three years' time".
Local government has been shoved to the frontline of austerity andis struggling to keep its balance.
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