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Sustainability in the public finances. This was the mantra of the IMF-ECB-EC Troika bailout. How was sustainability achieved? Mainly by changing aspects of the budgetary process. Ireland was required to submit the entirety of its budgetary framework for external scrutiny by the Troika and...
Persistent link: https://www.econbiz.de/10014112125
The Irish financial crisis through the period between 2008 and 2012 caused unprecedented damage to the national economy while generating substantial inequality and demographic issues through the austerity measures that followed. While large amounts of taxation has gone towards understanding the...
Persistent link: https://www.econbiz.de/10013242184
The purpose of parliament is to present a discussion of policy in a fashion that will bring about a consensus that results in collective action. Such a collective action serves the common good of the state, although second-order effects and Pareto optimality is difficult to obtain, if not...
Persistent link: https://www.econbiz.de/10013243592