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  • NEWS
  • Martin wades into abortion debate

    As the Dáil committee hearings continue on the abortion bill, Archbishop of Dublin Diarmuid Martin has waded into the debate saying it is important that Christian believers "be, and seen to be, on the side of life, especially when life is most vulnerable".

  • Payment cuts see families pay rent shortfall

    Limits on rent supplement payments set by the Government are forcing thousands of families to make undeclared top-up payments to landlords to secure places to live.

  • WORLD
  • Anger as North Korea launches another missile

    North Korea fired a short-range missile from its east coast, a day after launching three more of these missiles, a South Korean news agency said.

  • How Star Trek predicted the future

    WHEN Star Trek creator Gene Roddenberry first dreamed up the concept of a television show based in the unexplored universe of Outer Space in 1964, the world was a very different place.

  • BUSINESS
  • Warnings over future of eurozone

    The eurozone is heading towards a break up unless there are moves towards much closer political and fiscal union, according to chief economist with State Street Global Advisers, Chris Probyn.

  • Bruton defends corporate tax rate

    Ireland will be able to maintain its current corporation tax code in the face of international pressure to prevent multinational corporations avoid paying their fare share of tax, Minister for Jobs, Enterprise and Innovation, Richard Bruton said yesterday.

  • SPORT
  • Mayo’s statement of intent

    Galway 0-11 Mayo 4-16 Five minutes to go in Salthill yesterday and James Horan was still cajoling his men to sew it into Galway.

  • Wilkinson inspires Toulon to glory

    ASM Clermont Auvergne 15 Toulon 16 Not for the first time this season, a matchday performance and the result have made a mockery of the statistics.

  • LIFESTYLE
  • What Lenny Abrahamson did next

    LENNY Abrahamson has directed three feature films: Adam & Paul, Garage and What Richard Did.

  • Clothes maketh you mad

    Trying on clothes, said Ewart, produced "sensations which bring deep peace and perfect contentment" to the female mind.









Creativity vital to Irish recovery, says economist

Ireland’s path out of economic turmoil will be reliant on the harnessing of entrepreneurship and innovative ideas, according to one of the world’s leading economists.

Imagination is one of the key values to a good economy, while the recognition of human creativity, the rise of vitalism, and the recognition that “an upstart theory should be allowed to compete with any established theory” are key ingredients to growth, according to Nobel prize-winning economist Edmund Phelps.

“The future is open for us to act on it, not for us to control,” said Prof Phelps during an address entitled Values, Innovation and the Good Economy at NUI Galway, yesterday.

Highlighting creativity’s role, he noted the success of “the modern creator”, from Facebook founder Mark Zuckerberg to Apple co-founder Steve Jobs.

“Steve Jobs owed his success to a lot of creativity and a lot of insight,” he said.
“Moral values, while hard to define, have shaped and built traditional economic powers such as the US, England, France and Germany,” said Prof Phelps.

At the end of the event, Maria Keenan presented the Literary and Debating Society’s highest accolade, the President’s Medal, to Prof Phelps. The medal has previously been awarded to such notable figures as philosopher and linguist Noam Chomsky, US Senator Mike Gravel, US Congressman Bruce Morrison, and Archbishop Desmond Tutu. Home

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