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The austerity that followed the recent economic and financial crisis in has led to impassioned debates across the social sciences and the public at large. Although Ireland was not its only victim, the depth of the interacting economic, banking and budgetary crises has meant that the level of public interest has been especially intense. Among the hotly debated questions: what is austerity? Was it necessary? What have been its consequences? One of the defining features of the debate to date has been its tendency to polarise opinion and adopt a one-dimensional perspective. This book challenges us to adopt a more nuanced approach to understandings of austerity, and by extension the path to recovery. The book brings together leading national and international experts from across the social sciences to debate this traumatic period in Ireland's economic and social development.The papers were selected from a conference at the Royal Irish Academy, peer-reviewed and rewritten with the addition of a substantial introduction and conclusion by the editors.
This book presents a systematic analysis of the Great Recession, austerity, and subsequent recovery in Ireland. It discusses the extent to which the Irish response to the recession led to significant changes in economic policy and in business, work, consumption, the labour market, and society.
Seminar paper from the year 2013 in the subject Politics - Region: Western Europe, grade: 2, University of Vienna (Institut für Europäische Integration), course: Political Economy of European Integration, language: English, abstract: In this paper I analyse the recovery plans for Ireland by the EU Commission and the Irish government, as well as the developments of the Irish economy throughout its crisis. I find that both the austerity and growth measures are of vital importance to the country's recovery and as such the same can be said for the rest of the European Union. Ireland is on its way back to a stable economy. The GDP, inflation and the current account are rising, but the country still faces challenges with unemployment and an ever increasing pile of debt. Greece and other countries affected by the crisis and now under the Troika programme, should take Ireland as an example, but the EU will have to do its part to help these countries with their growth programmes, instead of persisting on strict austerity measures alone.
A radical look at the Irish austerity measures and the attempts to prop up business and the banks at the expense of ordinary citizens, left to bear the brunt of conditions they did not cause. Many of these contributors predicted Ireland's rapid cyle of boom and bust, even at the height of the Celtic Tiger boom.
Using the Irish financial crisis as a case study, this book explores the power of neoliberalism in forming cultural and subjective responses to contemporary world politics.
Ireland has been marketed as the poster boy of EU austerity. EU elites and neoliberal commentators claim that the country's ability to suffer economic pain will attract investors and generate a recovery. In Austerity Ireland, Kieran Allen challenges this official narrative and argues that the Irish state's response to the crash has primarily been designed to protect economic privilege. The resulting austerity has been a failure and is likely to produce a decade of hardship. The book offers a deeply informed diagnosis of Ireland's current socio-economic and political malaise, suggesting that a political earthquake is underway which may benefit the left. Austerity Ireland is essential reading for students of Irish politics and economics, as well as those interested in the politics of austerity and the eurozone crisis.
Ireland’s economic collapse hit with bewildering speed and cut deep into many lives. At a time when we most needed leadership, our politicians let us down, telling us we were all to blame for the recession and that we just needed to suffer a little pain to make everything right again. It was a Big Lie. This book offers an alternative view to the official cover story of austerity. It’s about the great majority of us who weren’t gambling with our future. It’s about what’s being done to us, who is doing it and why. It’s also about who benefits from this and who gets it in the neck. And what we might do about that. Gene Kerrigan delves deep into the muddy waters of the boom and crash, the chaos in the banks, the intervention by the troika and the erosion of democracy. He looks at how the Dáil and the media became full of mindless free market cheerleaders, how the country became laden down with unregulated bankers, and how the government acquiesced in imposing a destructive programme of austerity on the Irish people. Meanwhile, the elites in our society wrap the green flag around themselves, calling for sacrifice and patriotism, while they hold on fiercely to every perk and privilege. It’s time to tell the truth.
Ireland’s economic collapse hit with bewildering speed and cut deep into many lives. At a time when we most needed leadership, our politicians let us down, telling us we were all to blame for the recession and that we just needed to suffer a little pain to make everything right again. It was a Big Lie. This book offers an alternative view to the official cover story of austerity. It’s about the great majority of us who weren’t gambling with our future. It’s about what’s being done to us, who is doing it and why. It’s also about who benefits from this and who gets it in the neck. And what we might do about that. Gene Kerrigan delves deep into the muddy waters of the boom and crash, the chaos in the banks, the intervention by the troika and the erosion of democracy. He looks at how the Dáil and the media became full of mindless free market cheerleaders, how the country became laden down with unregulated bankers, and how the government acquiesced in imposing a destructive programme of austerity on the Irish people. Meanwhile, the elites in our society wrap the green flag around themselves, calling for sacrifice and patriotism, while they hold on fiercely to every perk and privilege. It’s time to tell the truth.
In Austerity: The History of a Dangerous Idea, Mark Blyth, a renowned scholar of political economy, provides a powerful and trenchant account of the shift toward austerity policies by governments throughout the world since 2009. The issue is at the crux about how to emerge from the Great Recession, and will drive the debate for the foreseeable future.