Reading List

Landon Thomas compares the current predicament of the euro area to the predictions made before the single currency was launched in this article.

Stephen Kinsella pointed me to this site: the NSF in the US has requested ‘white papers’ on the future of economic research  – the current list of contributions is available here.

Simon Head writes on the “The Grim Threat to British Universities” in the NYRB: here.

Irish Version of Gavyn Davies’ Graph

Tony Leddin and I have included a version of this type of graph in successive editions of our textbook The Macroeconomy of Ireland.
Here are two slides showing the data for Ireland from 1970 to 2009.

(It proved easier to post a link to Flickr than to go through to rigmarole of uploading via this site!)

Happy Christmas!

New Issue of ESR

Vol 41 Issue 4 (Winter 2010) of the Economic and Social Review is available online here.

The Economic and Social Review invites high-quality submissions in economics, sociology and cognate disciplines on topics of relevance to Ireland. Contributions based on original empirical research and employing a comparative international approach are particularly encouraged.

Published papers are listed in the Social Sciences Citation Index.

Prime Time on the cost of wind

The video is now online.

Eamon Ryan and Kieran O’Brien both cite an ESRI paper, but O’Brien does so accurately. UPDATE: The abstract of the paper is here.

Minister Ryan argues that the price of electricity falls as more wind power is added. This is true. The price reflects the marginal cost of power generation, which is zero for wind. However, what matters is the total cost of power generation, which may well increase as more wind is added to the system. From the household perspective, the price of electricity goes down with more wind, but the standing charge goes up.

Minister Ryan again extols the virtues of import substitution, despite much evidence to the contrary.

Accountability and Sustainability

Frank Convery has an interesting piece under this title on the Comhar Blog