Friedrich Hayek’s views on the Great Depression didn’t get much intellectual traction at the time. His fame came with the publication of his 1944 political tract The Road to Serfdom.

Remember Austrian economics? In the aftermath of the 2008 financial crisis, a number of conservatives rejected Keynesian economic prescriptions and cl(...)

The cyclically adjusted earnings yield on the S&P 500 is only 2.6%. This is at crash-warning levels, by historical standards. Photograph: iStock

“Never make forecasts, especially about the future.” Nobody knows who said this first. The point, however, is that we have to make forecasts, or at le(...)

The Federal Reserve building in Washington, DC. US stocks were back at all-time highs last week. Photograph: Andrew Harrer/Bloomberg

For investors, good news is bad news at the moment – or is it? It depends on what part of the world you’re talking about, says Schwab strategist Jeff(...)

Ireland is borrowing at a rate of 0.19 per cent for 10 years, constituting an enormous opportunity to finance the country. Photograph: Gareth Chaney/Collins

The difficulty lies not so much in developing new ideas as in escaping from old ones. John Maynard Keynes This week, the Irish Fiscal Advisory Counci(...)

The business culture of brazen self-interest may persist unless good business schools make a break from promulgating the impoverished conception of success as mere profit, power and celebrity.

“For at least another hundred years, we must pretend to ourselves and to everyone that fair is foul and foul is fair; for foul is useful and fair is n(...)

Michael McGrath: he  said it was “inevitable”  there would be tax increases at some point in the current Government’s lifetime

While we may have escaped any personal tax rises in October’s budget, it is reasonable to wonder if the Government is merely holding fire for another (...)

Has the time come to kick our frenzied work habit? Yes, says anthropologist James Suzman. Photograph: Getty Images/iStock

To those accustomed to the comforts of first-world living, the lives of hunter-gatherers look tough and basic. In many ways they were but in one resp(...)

James Suzman: ‘My solution is to say, look, recognise we are incredibly adaptable species... We have got to experiment.’

Anyone feeling lockdown guilt – that sense that you’re not being productive enough during the coronavirus crisis – can take comfort from James Suzman’(...)

If Minister for Finance Paschal Donohoe can keep the economy in as reasonable shape as possible, we stand a good chance being pleasantly surprised by the post-pandemic landscape. Photograph: Julien Behal

Ireland and Britain are both looking forward to the fiscal event of the year, the autumn budget. Perhaps “looking forward” is putting it a bit strongl(...)

The State and the ECB are behaving as if the pass-through from interest rates to the economy, via the banking system, still works. It doesn’t. Photograph: Hannelore Foerster/Bloomberg

Another lockdown will destroy the economy unless we change direction. It’s really that simple, and it is because the banking system no longer works as(...)

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