Stephen Kinsella -- Irish Crisis Demands New Economic Thinking

The video features a lecturer from the University of Limerick discussing Ireland's economic crisis, highlighting the housing bubble, rising unemployment, and the EU-IMF bailout. The export sector remains strong due to multinational presence, but domestic issues persist. The speaker introduces stock-flow consistent models as a new approach to economic modeling, aiming to improve policy decisions. He shares his academic journey, emphasizing the importance of data-driven models and the need for alternative economic perspectives. The video concludes with a discussion on Ireland's future economic growth and the role of innovative modeling techniques.

What impact did the economic crisis have on young people in Ireland?

What is the significance of the Levy model mentioned in the text?

What were the key factors that contributed to the rapid growth of the Irish economy from the mid-90s to 2007?

How does the speaker suggest economists should approach modeling the economy?