The reaction to French economist  Thomas Piketty’s ‘Capital in the Twenty-First Century’ shows the rising tide of anxiety about inequality. Photograph: Fred Dufour/AFP/Getty Images

Inequality is a hot topic right now. The reaction to Thomas Piketty’s Capital in the Twenty-First Century (...)

Republican Senator Rand Paul  cited research suggesting that the long-term unemployed have a hard time re-entering the workforce as a reason to cut off long-term  benefits. Photograph: Bill Pugliano/Getty Images

Six years have passed since the US economy entered the Great Recession, 4½ since it officially began to recover, but long-term unemployment remains di(...)

The hint that the US Federal Reserve might be about to taper off its bond purchases was enough to cause tremors in financial markets.

Too much state-created money is by definition a bad thing. And so is too little. But how do we know how much is too much and how much too little? The (...)

A means to an end
  • Ireland
  • September 11, 2013, 01:00

Austerity is a means to an end, not an end in itself. That is how Central Bank governor, Patrick Honohan views the pragmatic economic measures taken s(...)

We’ve all been there, sitting in an overheated conference room, halfway through your seventh consecutive meeting about some upcoming meeting, when it suddenly dawns on you that the whole thing is a giant Ponzi scheme. Photograph: Bryan O’Brien/The Irish Times

One of the few remaining advantages of my job – now that the bright future, the long lunches and the veneer of glamour have all been stripped away – i(...)

People marching along Dublin’s O’Connell street during an Anti-Austerity march in November 2012.Photograph: Alan Betson / THE IRISH TIMES

Writing in today’s Irish Times, Patrick Honohan, the governor of the Central Bank, defends austerity with a reference to the 1945 experiences of the g(...)

Milton Friedman, “who used to be the ultimate avatar of conservative economics, has essentially disappeared from right-wing discourse”. Photograph: Alex Wong/Getty Images

Recently Senator Rand Paul, potential presidential candidate and self-proclaimed expert on monetary issues, sat down for an interview with Bloomberg B(...)

Padráic O’Máille in Galway. Photograph: Joe O’Shaughnessy.

An article in Forbes magazine in 1988 predicted that, because of advances in technology, we would all be working four day weeks in 25 years time, fini(...)

Unsolid gold

The economist John Maynard Keynes dismissed gold as a “barbarous relic”. And after the recent dramatic collapse in the gold price, many chasten(...)

‘John Maynard Keynes’s counsels of caution were designed to guide rather than discredit the aspirations of an Ireland which, he remarked, had “lifted a lively foot out of the bogs to become a centre of economic experiment”.’ Photograph: Gordon Anthony/Getty Images
Keynes revisited

Eighty years ago, on April 19th, 1933, John Maynard Keynes, the greatest economist of the age, came from Cambridge to deliver the inaugural ann(...)

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