A talk discussing just how

1. BUY LIMERICK.
Stephen Kinsella, UL

2. LIMERICK, 1860'S.

3. LIMERICK, 1960

4. LIMERICK, TODAY.

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.