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BUY LIMERICK.




Stephen Kinsella, UL
LIMERICK, 1860'S.
LIMERICK, 1960
LIMERICK, TODAY.
THEORY OF URBAN
              DEVELOPMENT

• From   Jane Jacobs to Edward Nell to Paul Romer.

• From Copenhagen's finger model to the hub and spoke
 development process.

• Theory   of infrastructure
THE LOGIC OF POST WAR
     IDA LED DEVELOPMENT

• Multinationals   have skills and money and expertise

• We    do not.

• Give   them subsidies and cheap labour and they will come.

• Export   led growth is the answer.

• And    it WAS.
TODAY


• Economy     experiencing growth *only* in export led sectors.

• But   these sectors are not labour intensive.

• So   this is a jobless recovery.

• Also, GDP    figures need to be taken with a barrel of salt.
WHAT DOES THIS MEAN FOR
        LIMERICK?
• We can't and we shouldn't rely on Krups/Dell/Ferenka/etc
 tonprovide the mainstay of our jobs.

• Butwe will not experience any consumption growth (and
 hence demand for products leading to investment) for some
 years.

• Thisimplies asset prices will fall. This implies the economy will
 stagnate and the city will die.
THE LOGIC OF KEYNESIAN
         INTERVENTION

• Business
         cycles mean that at the very moment households
 firms and banks *should* be spending, they can't.

• So   the government has to.

• Thisis inefficient and most certainly second best. But it's the
 best we can do.
APPLICATION TO LIMERICK

• UL   is the biggest entity in the area.

• UL   is a corporation.

• Corporations    can borrow.

• UL   is part of Limerick.

• Ul   is never leaving Limerick.
FIGHT THE DONUT.
• Donut  population and
 price differential between
 exterior and interior of
 the city.
                                Centre
• Role   of feedbacks here as
 well.
GLOSSES.

• Tax   breaks for helping beautify the city.

• Price   changes helping change architecture and art.

• Competiton     and experimentation.

• Limerick   as the city of change not the city of sport.

• Aninteresting place with a world class university not just at it's
 doorstep but in it's heart.

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Buy Limerick.

  • 5. THEORY OF URBAN DEVELOPMENT • From Jane Jacobs to Edward Nell to Paul Romer. • From Copenhagen's finger model to the hub and spoke development process. • Theory of infrastructure
  • 6. THE LOGIC OF POST WAR IDA LED DEVELOPMENT • Multinationals have skills and money and expertise • We do not. • Give them subsidies and cheap labour and they will come. • Export led growth is the answer. • And it WAS.
  • 7. TODAY • Economy experiencing growth *only* in export led sectors. • But these sectors are not labour intensive. • So this is a jobless recovery. • Also, GDP figures need to be taken with a barrel of salt.
  • 8. WHAT DOES THIS MEAN FOR LIMERICK? • We can't and we shouldn't rely on Krups/Dell/Ferenka/etc tonprovide the mainstay of our jobs. • Butwe will not experience any consumption growth (and hence demand for products leading to investment) for some years. • Thisimplies asset prices will fall. This implies the economy will stagnate and the city will die.
  • 9. THE LOGIC OF KEYNESIAN INTERVENTION • Business cycles mean that at the very moment households firms and banks *should* be spending, they can't. • So the government has to. • Thisis inefficient and most certainly second best. But it's the best we can do.
  • 10. APPLICATION TO LIMERICK • UL is the biggest entity in the area. • UL is a corporation. • Corporations can borrow. • UL is part of Limerick. • Ul is never leaving Limerick.
  • 11. FIGHT THE DONUT. • Donut population and price differential between exterior and interior of the city. Centre • Role of feedbacks here as well.
  • 12. GLOSSES. • Tax breaks for helping beautify the city. • Price changes helping change architecture and art. • Competiton and experimentation. • Limerick as the city of change not the city of sport. • Aninteresting place with a world class university not just at it's doorstep but in it's heart.