Sunday 4 December 2016

There is more to being human than productivity and growth

Published 16/02/2016 | 02:30

Taoiseach Enda Kenny setting out details of FG plans to invest in
services. Photo: Mark Condren
Taoiseach Enda Kenny setting out details of FG plans to invest in services. Photo: Mark Condren

The Taoiseach's recent reference to the inaccessibility, for most of us, of what he called, "economic jargon", sounded somewhat patronising. Of course, economics has its own distinctive concepts and language; however, the problem with economics is not its jargon but its pretensions to being an exact science operating in a morally neutral setting.

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Economic reasoning has profound implications for the arrangements that touch on the fair distribution of wealth and on equality of access to the means of creating wealth.

Mr Kenny echoes the economists' persistent emphasis on productivity and growth without a serious concern for determining the beneficiaries.

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