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Back to basics: can Europe trade its way out of trouble?
A couple of weeks ago, the IMF released its latest World Economic Outlook, the benchmark publication for keeping track of trends in the global economy. The headlines haven’t changed that much since its...
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The balance of economic power in 2050 – spot the odd ones out
There is much talk currently of changing the global economic order and the growth of new economic powers. Since 2008, for example, the G20 has effectively replaced the G7 as the primary global...
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The tuition fees debate: a debt-for-equity suggestion
On Tuesday last week, Oxford University’s governing body – the Congregation – overwhelmingly backed a motion condemning the UK Government’s policy on higher education. The vote, 283 to 5, was...
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A lot done, more to do – prices in the eurozone and Ireland’s competitive...
Yesterday, the EU updated its analysis of differences in consumer prices across European countries. With over 2,500 goods surveyed over a three-year period in 37 countries, this survey is the benchmark...
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The world economy’s most pressing problem
2011 marks the fifth year of economic uncertainty in the developed world. The fall of stock markets in early 2007 seems a long time ago, now, and indeed almost trivial as greater crises loom for the...
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Can the eurozone survive? Insights from the dollar-zone
Everyone’s favourite made-up Chinese curse runs “May you live in interesting times”. The world economy has certainly been an interesting place over the last few years, with several unthinkables...
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Nine million jobs – the cost of inaction on the global debt crisis
Yesterday saw the annual awarding of the Nobel Prize in Economics. The economists awarded this year were Thomas Sargent and Christopher Sims. Much of their work is about understanding cause and effect...
View ArticleThe price of freedom, the power of narratives – thoughts on the Parnell...
Earlier in the week, I posted an overview of my talk at this year’s Parnell Summer School, where the theme is Sovereignty & Society, in recognition of the 100th anniversary of the Home Rule Bill. I...
View ArticleParsing free comment to see its value – Charles Eisenstein in the dock
In The Guardian’s “Comment is free” section, Charles Eisenstein writes about a number of “big ticket” items, including economic growth, the use of monetary policy to solve the current economic crisis...
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Uganda-gate: Debunking two myths about sub-Saharan Africa
Earlier in the week, news broke that some of Irish overseas development assistance to Uganda had been misappropriated by the Prime Minister’s office. In a Father Ted-style development, it seems that up...
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