Sins of the Father: Tracing the Decisions that Shaped the Irish EconomyThe questions surrounding how the Irish economy was brought to the brink - who was to blame, and who should pay for these mistakes - have been rightly debated at length. But beyond this very legitimate exercise, there are deeper questions that need to be answered. These questions relate to why we made the decisions we did, not just in the last ten years, but over the last eighty. How did certain industries become more prominent at the expense of others, banking as opposed to fisheries, international markets as opposed to indigenous industry and job creation? Are our problems structural in nature, and most importantly, what do we need to know to make sure that this crisis does not happen again? These are the questions set by this book. It will look at the development of the Irish economy over the past eight decades, and will argue that the 2008 financial crisis, up to and including the IMF bailout of 2010 and the subsequent change of government, cannot be explained simply by the moral failings of those in banking or property development alone. The problems are deeper, more intricate, and more dangerous if we remain unaware of them, but also potentially avoidable in the future if we break the cycle. |
Other editions - View all
Sins of the Father: Tracing the Decisions that Shaped the Irish Economy Conor McCabe Limited preview - 2011 |
Sins of the Father: Tracing the Decisions That Shaped the Irish Economy Conor McCabe No preview available - 2013 |
Sins of the Father: Tracing the Decisions That Shaped the Irish Economy Conor McCabe No preview available - 2011 |
Common terms and phrases
agricultural Allied Irish Banks Anglo Irish Bank areas assets Bank of Ireland bankers banking system Bantry beef Brian Cowen Brian Lenihan Britain builders building societies capital cattle cent Central Bank classes commercial Commission companies construction Cork Corporation cost Cumann na nGaedheal currency Dáil Debates dairy debt Department of Finance deposits Dublin economic employment Eurostat exports farmers February Fianna Fáil Financial Crisis financial services foreign investment funds government's graziers growth home ownership Ibid IFSC income increase indigenous industry investors Irish economy Irish financial Irish government Irish pound January Kenny Report labourers land Lenihan livestock loans million Minister for Finance mortgage NUI Maynooth October OTC derivatives owner-occupiers Party problem production profits purchase rates rent scheme Seán Seán Lemass sector securities September 2008 speculation sterling Taoiseach tax haven tax relief Telesis tenants trade urban Whiddy Island