Today we celebrate World Teachers’ Day. Who cares? According to most opinion polls, it matters to most people in most of our societies, since teachers consistently rank as high as doctors as the most trusted and valued occupations. More...
On 12 July 2016, the Irish Central Statistics Office published data showing that real GDP grew by 26.3% in 2015. This huge leap led many commentators to question the figures and wonder whether GDP adequately reflects economic activity. More...
Knowing there is a single clear solution to any problem is certainly a comforting idea. As children we would raise our hands in class to answer increasingly difficult questions – always hoping that we would “get it right”. More...
Exploitative recruitment of migrant workers often results in situations of de facto modern slavery. Recruitment can involve up to seven different middle men all charging a fee which means workers incur debts in the thousands of dollars before they even take up employment. More...
Income and wealth inequality is not a new phenomenon. On the contrary, it seems that it is a permanent feature in human history, and over the years, its causes and consequences have become more numerous and more interconnected. More...
The crisis exposed some serious flaws in our economic thinking. It has highlighted the need to look at economic policy with more critical, fresh approaches. It has also revealed the limitations of existing tools for structural analysis in factoring in key linkages, feedbacks and trade-offs – for example between growth, inequality and the environment. More...
While global integration has been an engine of growth since the emergence of capitalism, the financial and economic crisis highlighted that the current level of interconnectedness between countries and its impact, positive or negative was poorly understood. More...
The recent financial crisis was a wakeup call for both scientists and policy makers. It exposed new and unknown links between economic magnitudes but also between various parts of our modern, globalised world. More...
We are living in the era of cities: more than 50% of the world population is already living in urban areas, and most forecasts indicate that, by the end of this century, the world’s population will be almost entirely urban. More...
If there was any possible upside from the destruction stemming from the financial crisis and Great Recession it was that neoclassical economics’ intellectual hegemony began to be more seriously questioned. More...
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