I thought I’d take time to share with those not already in the know a couple of the great Irish blogs that are out there. By coincidence, both are Blogger blogs, rather than WordPress ones, but we won’t hold that against them!
Firstly, Constantin Gurdgiev runs a great blog over at TrueEconomics. From his posts, you can see his role as the cruncher of numbers and highlighter of insanity, particularly when it comes to public policy/expenditure. Some recent highlights include:
- An analysis of the latest economic output figures, with particular emphasis on the construction sector and with some ‘scary graphs’ of his own
- Some figures on the contribution of agriculture in the economy
- And a thorough once-over on the public expenditure figures, showing the scale of correction needed and where it can come from
Secondly, Gerard O’Neill of Amarach runs Turbulence Ahead. His blog is more wide-ranging and focuses on concepts rather than figures as a general rule, but is equally interesting. For example:
- This great discussion of deferred gratification as a powerful economic force. I’m not sure whether those who believe that social institutions exhibit evolutionary principles have explicitly discussed this, but I’m sure there’s an interesting thesis – which probably ties in with the ‘Protestant work ethic’ school of explaining the Industrial Revolution – on how humans have unconsciously chosen over successive generations those political and religious systems that deliver greater economic return. Deferred gratification surely fits in there. But I digress…
- A discussion of where the growth will come from, in a world saddled by household, corporate and government debt.