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The Good Room: Why we ended up in a debtors' prison - and how we can break free by David McWilliams (Paperback, 2013)

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ISBN-13: 9780241956205, 978-0241956205. A forensic, entertaining polemic from the author of The Pope's Children. Ireland is deeply in debt, beholden to the IMF, the EU and the bond markets. It didn't have to be this way - and it doesn't have to be this way.

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Ireland is deeply in debt, beholden to the IMF, the EU and the bond markets. Its economy is frozen, and years of austerity are ahead. It didn't have to be this way - and it doesn't have to be this way. In The Good Room, David McWilliams, Ireland's most gifted and prescient popular economist, explains the bizarre economics behind Ireland's current predicament. He explains why austerity can't work and shows that history offers numerous useful models for Irish recovery. The Pope's Children was the book that connected the dots between economics and daily life in the boom years. The Good Room does the same for the Ireland of the bust, and is - in its call for a radically different approach - an even more urgent and necessary work. 'McWilliams has a great knack for bringing a complex economics story to life. He is also funny. In economics, that's a rare and persuasive combination.' Stephanie Flanders, Irish Times 'McWilliams makes a compelling argument for the need for a different approach to Irish and European economic management . . . A realistic, pragmatic call for innovative policies that take account of proven economic theory.' Sunday Business Post