We can’t think carefully about the future and sometimes we’re all just a bit mad. Thaler is one of the fathers of the field of behavioural economics. Today’s budget has all the features Thaler studied.
In her Florence speech, prime minister Theresa May conceded two of the major debating points of the first round of Brexit negotiations
Crossing the ‘soft’ US/Canada border takes ten to 30 minutes. A frictionless border is the result of magical thinking by Brexiteers
The figures show we’ve got one of the fastest growing economies in the world, yet we let down our elderly and homeless children
You don’t solve the gender issue with courses, exhorting women to ‘lean in’, or with more and more education. More women leaders will help. Transparency in pay will help, and this applies to the private sector also. You solve it by changing the system itself.
'It’s not discrete elements of the system we can improve, It’s the structure of the system itself'
There’s not much debate about the future of work here in Ireland yet, but as the gig economy expands, expect to see much more discussion. Whether these workers will get to own a home or not will depend on how the system evolves
The Taoiseach suggested there was not just the €400-500 million of fiscal space we had expected, but ‘hidden fiscal space’. I am not sure what hidden fiscal space is, but if it exists, it needs to be spent on capital projects. Full stop.
One generation needs house prices to be low, the other needs them to be high. One votes, the other does not. Who do you think will be listened to?
An administration strong on function and less reliant on commissions might actually manage to fix the crises in health, housing and education