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Showing posts with the label austerity

ESRI Keeps Getting It Wrong!

ESRI has been getting its forecasts wrong for years... In Irish economic circles, you tend to take much more stick from having been right than having been wrong. Those economists who got it wrong in the boom and believed the hype about the soft landing, such as the ESRI, still manage to grab front-page headlines. In contrast, those who called it right are put under constant scrutiny and are still being dismissed by the establishment as cranks, celebrities or, at best, lucky opportunists. The "insiders" rally round each other even when they are wrong and the "outsiders" are denigrated. In the economics world, for what it's worth, the outsiders' crime -- the crime of being right -- is particularly dangerous precisely because it exposes the limitations of the insiders. This type of insider/outsider prototype is commonplace in Ireland. Yesterday, we saw more of this type of behaviour where the establishment insiders carry on with their forecasts despite th...

Austerity Inspiration...

Real austerity brings inclusivity, inspiration and invention... CULTURE SHOCK: The Cultúrlann in Derry has been shortlisted for the architectural Oscars, the Stirling Prize. With its modest design, it shows good aesthetics make for good politics. Photo - Irish Times MODESTY AND restraint are not the virtues one associates with Irish culture in the Celtic Tiger years. But one of the finest pieces of contemporary Irish design is brilliant in part because it is contained, understated, and so supremely self-confident that it doesn’t have to shout. John Tuomey and Sheila O’Donnell’s Cultúrlann building in Derry is on the shortlist for the architectural Oscars, the Stirling Prize. I was in it for the first time last weekend and it deserves all the praise and prizes it can get. Apart from its own merits, it points towards a kind of genuine austerity aesthetic, a way for Irish art to be modest and serious without being dull and impoverished. The Cultúrlann is the baby of the Stirling s...