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Cover and illustration of the paper: The Pot at the End of the Pipe: A Metrological Survey of What Passes Through Ireland and What Stays
Latest Applied Economics survey, a joint paper with Bannow Bay

The Pot at the End of the Pipe: A Metrological Survey of What Passes Through Ireland and What Stays

A joint paper of King Ethelred’s College and its sister college, King Diarmait’s College of Engineering, Bannow Bay (est. 1169), prompted by an exchange beneath the College’s British Isles survey in which one correspondent produced a chart of Irish GDP per head and another produced the word “Britpoor”.

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Applied Economics · 2026 · joint paper

Principal finding

“Leprechaun economics” correctly describes one meter in 2015 and nothing about the kitchen. Ireland is not three-quarters richer than the United Kingdom, and the United Kingdom is not poor; the two kettles are much the same size, and the English one is very slightly fuller. The Department has written to the CSO to commend the bypass. The automated reply has been filed by the Bursar as international recognition.

The CSO, World Bank and OECD figures, Mr Krugman’s remark of 12 July 2016 and the IMF loan of 1976 are real and referenced. Both Colleges are fictional, and so is Declan’s name; the meters, the bypass, the kettle and the oysters are not. Nothing in the paper is advice to either Treasury.