Ireland is a small, open economy which lies between two of the world’s biggest trading blocs, the United States and the EU. 

Small, in trading terms, means that it exports more than it has to import to serve the population. This is good, it means it has a trade surplus and sells more than it has to buy in. 

Open, in trading terms, means it has access to global markets, to buy at competitive prices and sell to a huge number of people. It also means that what happens in the world economy at large, matters at home. 

In Ireland today, as it battles Covid19, Government needs to borrow to support all the employees who can’t work at the moment and employers who can’t open for business but want to keep their otherwise viable companies alive.

 If it borrows without thinking too far ahead, there’s a risk we will all be paying for it for years to come and another decade of austerity awaits. It’s a fine balance. 

For Stephen Kinsella, Associate Professor of Economics at University of Limerick, these are the issues he spends his life examining and has been an advisor to Government as it makes economic decisions we will live with for the coming years. 

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In this episode, I am joined by Prof. Stephen Kinsella of the Kemmy Business School at the University of Limerick. Stephen has turned his hand to many topics, most notably applying novel method to the task of understanding the macroeconomy.

It has been said that the economic crisis was a crisis for macroeconomics. We probe elements of this statement in this episode. We begin by discussing what economists mean by macroeconomics and the history of macroeconomic model development. We discuss some of the simplifications required given technical constraints and how these have been gradually overcome as technology has developed. We discuss some of the novel approaches taken by Stephen and his team in an effort to further develop this field.

We discuss the importance of thinking about globalisation from different perspectives - geographers, anthropologists and political scientists have important things to say about the macroeconomy. This is an especially pertinent field of enquiry given the current political climate. We wrap up by discussing the importance of interpersonal linkages in understanding economic impacts - how important are personal relationships and interactions in determining economic performance?

Thank you to Stephen for offering his time.

And thank you to everyone who has sent good wishes and provided such overwhelmingly positive feedback over the past few weeks. There are 2, maybe 3, more episodes left in this first series and I really want to get as many listeners on board as possible before it draws to a close. So if you have friends colleagues who may be interested, or if you are at school or college – please, please mention the podcast.

Please tag @IrishEconPod on Twitter, Instagram or Facebook and mention your favourite episode. A tweet on twitter or a tag on Instagram always leads to new listeners! Thanks for all your help!

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Episode 12 is here folks and it's straight up fire! :)

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In this episode i am joined by

Stephen Kinsella ,

Owner of FSM Bray ( Functional Strength Movement). 

Website : http://www.fsmbray.ie/

Instagram : https://www.instagram.com/fsm.bray/

FSM Bray is an excellent Functional fitness gym based in Bray Co.Wicklow and Stephen has been involved in the fitness industry for many years both in the Globo Gym world as well as the functional fitness world. 

He has a fantastic array of experience and has some excellent ideas and thoughts on how we could all become better coaches.

He also hosts a brilliant and fun Podcast/Youtube channel himself called FSM Rxd which has had some awesome guests on over the past number of years. 

https://www.youtube.com/playlist?list=PLQhN78p1X-j8DLkF2t6m4QO9xhbrw2yFW

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In this episode some of the topics we chatted about were as follows : 

-  Stephens Background , how he got into coaching and what his pavourite part of coaching is. 

- His excellent nutrition approach and thoughts on it's structure and implementation with his clients. 

- His experience with Childrens fitness coaching ,the value of high quality of movement in these types of program and some food for thought for those who may have or are thinking of setting up a kids fitness program.

- Some food for thought on some of the business challenges encountered by medium to long term business owners and coaches . 

- Some of his favourite coaches and why Dan John is top of the list! 

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Thanks so much to Stephen for joining me on this episode.

It was really great having you on mate and Best of luck with all things FSM Bray in the future.  

Hope you guys all enjoy the show . 

Until next time 

Much Love 

The Humble Coach 

Stephen Kinsella is a Senior Lecturer
in Economics at the Kemmy Business School, University of Limerick
in Ireland and a Research Fellow at the Geary Institute at
University College Dublin. He is currently visiting Professor of
Economics at Université Paris.

Stephen has 2 PhD’s, is well published in many Economics
Journals and has won several grants worth around 1.5 million
Euro.

Stephen’s area of expertise is in the study of the Irish and
European economies.

He has written 4 books:
Ireland in 2050: How we will be Living,
Understanding Ireland's Economic Crisis: Prospects for
Recovery,
QuickWin Economics, and
Computable Economics.

Stephen is a weekly columnist for the Sunday Business Post
newspaper. He also has his own website stephenkinsella.net which is
amazingly rich in content, covering issues on the Irish and
European economy as well as material he covers in his lectures.

Check out the show notes page to this episode at www.economicrockstar.com/stephenkinsella

Stephen Kinsella talks about China’s excessive inflation, its potential to hinder mid-term growth and the Chinese Government’s fears that the economy may over heat.