Amendments to wage-setting mechanisms must protect aggregate demand
The following statement has been issued by members of the TASC Economists’ Network, comprising economists, economic analysts and social scientists:
“We broadly welcome the Report of the Independent Review of Employment Regulation Orders and Registered Employment Agreement Wage-Setting Mechanisms. In particular, the recommendation that the basic JLC framework should [...]

The people of Ballyhea are taking their protest about the bank bailout to a new level.  A number of residents will be running from Ballyhea to Dublin to highlight their continued opposition to the bailout of the banks and bond holders at the expense of the Irish people.
They will speak to people and distributing leaflets [...]

Michael Burke argues on Progressive Economy that IBEC’s attack on the JLC wage setting mechanisms in order to drive pay lower ‘is not simply morally indefensible. It is economically illiterate’.
Looking at the main sectors of the economy: households, corporates and goverments in terms of saving and investment he points out that in a normally [...]

A couple of cheers for Minister Leo, putting both his feet in the mouth of the Government. In a refreshing dose of realism he stated what everyone knows - we’re not going back to the markets anytime soon.
Unfortunately, this realism landed the Minister in a bit of warmish water. Not because of [...]

This post appeared on Yanis’ blog today. Republished with the kind permission of the author.
A Damocles’ Sword is, supposedly, hanging over Greece. We are told (even by the Greek EU commissioner) that Greeks must either accept that their country will be run, and micromanaged, by a committee of foreign creditors or [...]

Hugh Green continues his great service of translating articles that are responding intelligently to the Democracia Real Ya and Wikiacampadas demos in Spain. Most recently he’s put up one by communications maestro Manuel Castells (see  John Green’s book reviews of his The Information Age Trilogy and Conversations with Manuel Castells)
Hugh says he translated it as [...]

Cut people’s dole to reduce unemployment - did the people who write these OECD policy prescriptions learn their craft at Krusty’s Clown College? Of course, we’ve run into some curious analysis from the OECD before - especially their argument that Ireland’s housing boom was ok, it was just a product of demographic [...]