Kevin O'Rourke

Chichele Professor of Economic History
All Souls College, Oxford

Kevin O'Rourke is the Chichele Professor of Economic History at All Souls College, Oxford and the Director of CEPR’s Economic History programme. He received his PhD from Harvard in 1989, and taught at Columbia, Harvard, University College Dublin, and Sciences Po Paris and Trinity College Dublin. He is currently Vice President of the Economic History Association, and has served as an editor of the European Review of Economic History, as an editorial board member of the Journal of Economic History and World Politics, as a Trustee of the Cliometric Society, and as President of the European Historical Economics Society. He has written extensively on the history of globalization, and his Globalization and History (co-authored with Jeffrey G. Williamson) won the 1999 American Association of Publishers/PSP Award for the best scholarly book in economics.

Power and Plenty: Trade, War and the World Economy in the Second Millennium, co-authored with Ronald Findlay, was published by Princeton University Press in 2007. In his spare time, Kevin serves as a municipal counsellor in St Pierre d'Entremont, a small mountain village in France.

My Content

Originally Appeared at VoxEU

The current economic and financial crisis has given rise to a vigorous debate about the state of economics, and the training which graduate and undergraduates economics students are receiving. Importantly, among those arguing most strongly for a change in the way that young economists are trained are the ultimate employers of these students, in both the private and the public sector. Employers are increasingly complaining that young economists don’t understand how the financial system actually works, and are ill-prepared to think about appropriate policies at a time of crisis.

My Video Content

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What happened in Ireland amounts to a classic real estate bubble, displaying many similarities to the course of events in Thailand in the 1990s and Iceland recently. In this INET interview, Kevin O'Rourke labels membership in the eurozone a “proximate cause” to the Irish crisis. But he sees the Irish bubble as part of a larger phenomenon related to inflows and outflows of hot money.





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Q&A and discussion in the panel "Optimal Currency Areas and Governance: The Challenge of Europe" with Andre Sapir, Carl-Ludwig Holtfreirich, Kevin O'Rourke, Jean Pisani-Ferry, and Niels Thygesen.

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Kevin O’Rourke describes a political trilemma in Europe. He says that if the nation state remains dominant in the Eurozone, the trilemma suggests two possibilities. Either public opinion is successfully ignored in countries like Germany, Greece, and Ireland; or the European Monetary Union will come under threat in the longer run.

Kevin O'Rourke is Professor of Economics at Trinity College in Dublin. He is speaking in the panel "Optimal Currency Areas and Governance: The Challenge of Europe" at the Bretton Woods Conference on April 10, 2011.