Brian M. Lucey

Tag: austerity

  • Lessons for 2015 from 1919…

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    In 1919 Lord Keynes penned a wonderful tome, The Economic Consequences of the Peace. It is a profound work, written by him to express his concern, as an economist, with the punitive and inflexible approach being taken to German debt. It contains nary an equation but is one of the best pieces of economic analysis…

  • 25.8% = 12.1% = 4.8%.. if you’re the Sunday Independent

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    brianmlucey
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    So today the Super Soaraway Sindo has a breathess shock horror piece about academic salaries. The headline is  “25% of university academics earn more than 100k” Lets see. The numbers appear to refer to the sector as a whole. 1093 people earn more than 100k. But the sector as a whole has (as from p 41)…

  • The Tontosity and Tontification of John Bruton

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    brianmlucey
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    At one time western movies, cowboys and indians, were the most popular form of cinema. The top of the tree in hero terms was The Lone Ranger. With his Native American sidekick, Tonto, he got into and out of scrapes on a weekly basis. A running gag is when, holed up by enraged Native Americans,…

  • Third Level spend and numbers in Ireland… NOT pretty

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    So this is taken from a CSO datasheet Measuring Ireland’s Progress. Click the photo for the link The graph shows the real per student spend and the number of third level students, rebased at 2003=100 for both. Show this to the next gobdaw that jibbers and yaps about the knowledge economy.

  • When is the time for austerity?

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    brianmlucey
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    http://www.voxeu.org/article/when-time-austerity Powerful piece Takeaway ” Fiscal contraction prolongs the pain when the state of the economy is weak, much less so when the economy is strong. Keynes is still right, after all: “The boom, not the slump, is the right time for austerity at the Treasury.” Anyone in Berlin or Merrion Street listening. ..?

  • Austerity Pictionary : a competition

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    brianmlucey
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    So the Austerity Dictionary (see here and under Twitter #austeridictionary) was amusing (I thought anyhow) and got a lot of views and comments. In conjunction with Margaret Harrington (@curtainqueen) and Scotlyn Sabean(@AuntieDote) we are plotting world domination a charitable initiative. More on this later but heres a thing   Many of the Austerity Dictionary entries…

  • The Austerity Dictionary

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    brianmlucey
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    This started out as a little crowdsourced joke on Twitter, with the hashtag #austeridictionary (note the spelling). A link to the ongoing discussion/madness is https://twitter.com/search/realtime?q=%23austeridictionary&src=hash. I used SearchHash to collate the hashtagged tweets, into a CSV folder, which I  then cleaned up in Excel. Its a bit of fun, but also like all good satire has…

  • Euro deal saves Ireland? Maybe…

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    brianmlucey
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    It’s not clear that it does. I’m not sure it’s a seismic (Enda Kenny) or massive (Eamonn Gilmore) deal. And it happened because of Spanish and Italian pressure. So far as we can see at present there are three parts to this. The Spanish banks will be recapped directly from the EFSF and later the…

  • Proximity and distance

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    A powerful, erudite and timely polemic