THEORY OF URBAN
• From Jane Jacobs to Edward Nell to Paul Romer.
• From Copenhagen's ﬁnger model to the hub and spoke
• 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.
• 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
• 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
• Thisimplies asset prices will fall. This implies the economy will
stagnate and the city will die.
THE LOGIC OF KEYNESIAN
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
• Role of feedbacks here as
• 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.