LETTER: Economies are social creations, as Trudi Makhaya knows
The past decade of wanton economic destruction cannot be swept under the carpet of history
11 February 2021 - 05:06
Trudi Makhaya asks of us that we introspect our own role in indulging “in contagious, harmful, self-fulfilling narratives” that “detract from our economic potential” (“Flawed narratives about SA’s economy have real effects (https://www.businesslive.co.za/bd/opinion/2021-02-07-trudi-makhaya-flawed-narratives-about-sas-economy-have-real-effects/)”, February 7).
She underlines her position with Nobel economics prize winner Robert Shiller’s observation that recession can find cause not solely in cold economic mechanics but also, in some severe cases, in the “prevalence and vividness of certain stories”...
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