Debating austerity in Ireland

Description

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.

Sujets

• Comparative politics
• Public administration
• Welfare economics
• Consumerism
• Ireland
• Political economy
• Economic history
• Media studies
• Macroeconomics
• Microeconomics
• Higher education
• Economics
• Stephen Ireland
• Migration

Informations

• Publié par: Royal Irish Academy
• Date de parution: 14 septembre 2017
• Nombre de lectures: 0
• EAN13: 9781908997708
• Langue: English

Extrait

Debating austerity in Ireland: crisis, experience and recovery
EDITORS
Emma Heffernan, John McHale and Niamh Moore-Cherry
Debating austerity in Ireland: crisis, experience and recovery First published in 2017 by
Royal Irish Academy 19 Dawson Street, Dublin 2, Ireland www.ria.ie
Copyright Royal Irish Academy 2017
The authors have asserted their moral rights.
ISBN 978-1-908997-68-5 (PB) ISBN 978-1-908997-69-2 (pdf) ISBN 978-1-908997-70-8 (epub) ISBN 978-1-908997-71-5 (mobi)
All rights reserved. The material in this publication is protected by copyright law. Except as may be permitted by law, no part of the material may be reproduced (including by storage in a retrieval system) or transmitted in any form or by any means; adapted; rented or lent without the written permission of the copyright owners.
British Library Cataloguing in Publication Data. A CIP catalogue record for this book is available from the British Library.
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Contents
List of figures
List of tables
About the authors
Foreword
Patrick Honohan
Introduction Austerity in Ireland: a debate
Niamh Moore-Cherry, John McHale and Emma Heffernan
Part 1: Austerity as concept and practice
1. A general theory of austerity
Simon Wren-Lewis
2. Why austerity?
John McHale
3. The ideological project of austerity experts
Kieran Allen
4. Irish media coverage of the housing bubble and austerity
Julien Mercille
Part 2: Experiencing austerity
5. Austerity in the European periphery: the Irish experience
Niamh Hardiman, Spyros Blavoukos, Sebastian Dellepiane Avellaneda and George Pagoulatos
6. Austerity and inequality in Ireland
Christopher T. Whelan and Brian Nolan
7. Austerity, resistance and social protest in Ireland: movement outcomes
Niamh Hourigan
8. Housing and austerity: a two-way street
Ronan Lyons
9. Poverty and risk: the impact of austerity on vulnerable females in Dublin s inner city
Emma Heffernan
10. Child poverty in a period of austerity
Dorothy Watson, Bertrand Ma tre, Christopher T. Whelan and James Williams
11. Resilience: a high price for survival? The impact of austerity on Irish higher education, South and North
Rosalind Pritchard and Maria Slowey
12. Migration patterns, experiences and consequences in an age of austerity
Mary Gilmartin
13. The austerity myth: parenting and the new thrift culture in contemporary Ireland
Fiona Murphy
Part 3: Beyond austerity? From crisis to recovery
14. Ireland s recovery: explanation, potential and pitfalls
Se n Riain
15. Resources available for public services: how does Ireland compare now and how to prepare for the future?
Seamus Coffey
16. Towards an inclusive and just recovery
Se n Healy
Conclusion: progressing debates on austerity in Ireland
John McHale, Niamh Moore-Cherry and Emma Heffernan
Appendices
Bibliography
List of figures
2.1 Growth in general government expenditure revenue, consumer prices, gross domestic product, and general government revenue, 2002 to 2007
2.2 Annual changes in Exchequer revenue by category
2.3 Actual and underlying general government deficit, % of GDP
2.5 Evolution of the debt-to-GDP ratio, % of GDP
2.6 Evolution of real social protection and non-social protection expenditure, billions of euro
2.7 Evolution of Irish and German 10-year bond yields, monthly averages
2.8 Evolution of the primary and total deficit, % of GDP
3.1 Investment and return on equity
4.1 Number of Irish Times articles on the housing bubble published by year, 1996-2011
5.1 Competitiveness index
5.2 Asymmetrical macroeconomic adjustment in trade relations
5.3 Scale of fiscal retrenchment, 2009-2012
5.4 Total unemployment rate
5.5 Real effective exchange rates
6.1 Poverty indicators through the crisis
6.2 Decile shares of equivalised disposable income among persons, 2007 to 2013
6.3 Mean stress by country, welfare regime and year of survey
6.4 Changing income class effects on economic stress between 2008 and 2012
8.1 Projected nominal GDP (billions of euro) 2004-2020, from IMF World Economic Outlook reports 2007-2015
8.2 Revenues from stamp duty, VAT, and income tax, 2000 to 2014
8.3 The total level of government spending (left-hand scale) and the fraction of government spending and of GDP spent on housing (right-hand scale),1995-2015
8.4 Capital spending, 1983-2013
10.1 Timing of the GUI surveys (see text for details)
10.2 Trends in material deprivation (see text for details)
10.3 Change in the economic vulnerability level of families between the first and second waves of the GUI surveys
10.4 Economic vulnerability groups.
10.5 Adjusted risk of socio-emotional problems by economic vulnerability
11.1 Core (state) income for higher education by total student numbers (Republic of Ireland: 2007/8-2015/16)
11.2 Recurrent grant to universities in Northern Ireland 2007/8 to 2015/2016
14.1 Capital Investment in Ireland, 1995-2014 (current prices)
14.2 R&D staff employed by Irish and foreign firms
15.1 Health, education and social welfare
16.1 Total revenue and total expenditure as a percentage of GDP, 2005-21.*
List of tables
3.1 Government deficit and debt-to-GDP ratio: Germany and Ireland
3.2 Percentage of tax revenue Ireland 2008-14 from capital and labour
3.3 Net value added at factor cost and net national income at market prices: domestic trading profits and wage and salaries 2008-13 ( million)
10.1 Relative risk ratios for potentially problematic SDQ by characteristics of child and family
11.1 Irish universities: Times Higher Education World University Rankings 2015
12.1 Migration flows to and from Ireland, 1996-2016 ( 000s)
12.2 Immigration to and emigration from Ireland by nationality, 2007-16 ( 000s)
14.1 Fiscal balance, social contracts and production regimes in Europe
14.2 Persons in employment, 2008-15 (000s, Quarter 3, seasonally adjusted)
15.1 The business economy in Ireland, annual averages 2008-12
15.2 Contribution of US-controlled enterprises to the business economy in EU countries, 2008-12
15.3 Distribution of US companies profits, employment and investment in the EU, 2008-12
15.4 Adjusted general government expenditure, % national income
16.1 Five policy areas to deliver a just and sustainable society.
About the authors
Kieran Allen is a senior lecturer in the School of Sociology in University College Dublin (UCD). He is the author of a number of books on Irish society and its economy. These include Austerity Ireland: The Failure of Irish Capitalism (2013), The Irish Economic Crash (2009) and The Corporate Takeover of Ireland (2007). He advocates radical change and is the author of Marx and the Alternative to Capitalism (2011). His latest publication is 1916: Ireland s Revolutionary Tradition .
Spyros Blavoukos (PhD, Essex) is an assistant professor at Athens University of Economics and Business. His research focuses on the structural features of the international and European political economy system and the international interactions of the EU, especially with other International Organizations. He has published in Review of International Studies, West European Politics, Cooperation and Conflict, Journal of Common Market Studies, European Journal of Political Research, Journal of Public Policy and European Union Politics .
Seamus Coffey is a lecturer in economics in University College Cork (UCC). His teaching includes microeconomics, government and business, advanced microeconomics and econometrics as well as on UCC s MBA programme. His research and writing focuses on the performance of the Irish economy. He is a sometime contributor to print, broadcast and online media relating to the Irish economy, including fiscal outcomes, taxation, debt, national accounts and other issues.
Sebastian Dellepiane-Avellaneda (PhD, Essex) is a senior lecturer in the School of Government and Public Policy at the University of Strathclyde. He studied economics and political science in Buenos Aires, Argentina. He has held research positions in several European universities, including Essex, Antwerp and University College Dublin. He teaches regularly at the Essex Summer School, the Institute of Development Policy and Management in Antwerp, the Maastricht Graduate School of Governance and the German Development Institute in Bonn. His research interests centre on political economy, institutional design and economic development.
Mary Gilmartin is a professor in the Department of Geography at Maynooth University. Her current research interests include contemporary migration to and from Ireland. Her book, Ireland and Migration in the Twenty First Century , was published by Manchester University Press in 2015, and her work has also been published in a range of journals, including Gender, Place & Culture and European Urban and Regional Studies . She is managing editor of Social & Cultural Geography .
Niamh Hardiman (DPhil Oxon) is a professor of political science and public policy at University College Dublin (UCD) and director of the interdisciplinary UCD Public Policy Programme, and a research fellow at UCD Geary Institute for Public Policy. She has written extensively on comparative European political economy and on Irish politics and public policy. She is currently co-authoring a book on the political economy of the European periphery, examining the evolution of the pathways to crisis in Ireland, Spain, Portugal and Greece.
Se n Healy is director of Social Justice Ireland. For more than 25 years he has been active on issues of socio-economic policy in Ireland. Before that he worked for more than ten years in Africa. He has been a member of the National Economic and Social Council (NESC) since 1997. He has been a member of Council of Europe working groups and has chaired government working groups, most recently on Citizen Engagement with Local Government . Se n s most recent book (co-author) is Towards a Just Soci