Saturday 18 November 2017

Thomas Molloy: Why TK Whitaker's heirs need some of his boldness

Economics can be deployed to understand everything from sexual behaviour in bars to the success of sports teams

THE Economic and Social Research Institute issues its latest quarterly report on the economy today. While the State's leading think-tank offered a preternaturally rounded picture of the economy, it presented few fresh insights into our economic problems and even fewer solutions.

A quick summary would be that the economy is close to the bottom if (and it's a big if) the world economy manages to avoid a double-dip recession. Exports will be our salvation. This is unlikely to be news to those with even the most cursory interest in the economy so perhaps it is time for this wonderful institution to take a fresh look at what it does and where it chooses to devote its resources?

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