Prof Stephen Kinsella and Prof Ciarán Casey discuss 'Policy Failures and the Irish Economic Crisis

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As we kick off our second year, we will introduce bonus episodes during the upcoming year. In the initial Bonus Episode, guest host Professor Stephen Kinsella chats with Professor Ciarán Casey regarding Irish economics and his book 'Policy Failures and the Irish Economic Crisis'.

Stephen is a Professor of Economics at the University of Limerick, Head of the Department of Economics, and Research Associate at the Rhodes Centre for International Finance at Brown University. Stephen is also a co-director of the Immersive Software Engineering programme.

Ciarán is an economic historian and Assistant Professor in the Department of Economics at the Kemmy Business School, University of Limerick.

This book seeks to understand why almost all commentators on the Irish economy were unprepared for the scale of the recent economic crisis. It analyses the public contributions from a broad range of observers, including domestic and international agencies, academics, newspapers and politicians.

This approach gives new insights into the analytical and institutional shortfalls that inhibited observers from recognising the degree of the risk. The book demonstrates that most commentators were either impeded in what they could say, or else lacked the expertise to challenge the prevailing view. The findings have significant implications for a broad range of institutions, particularly the media and the Oireachtas (the Irish Parliament).