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…my position – based on empirical facts, history, and where we stand today – is that there is the need for a fundamental shift in thinking. A lot rises and falls at the level of conception, of ideology, of which life-view those running the politics and economics of a country brings to bear on things. In the first place, the old isms are dead. Trust me. Forget the jive about capitalism, socialism, communism, fascism. Those terminologies are old fashioned, in the economic realm. Like science and technology, economics keeps developing and, indeed, getting more sophisticated. Lord Keynes admonished us economists to know that there is no area of human endeavour that should be beyond our contemplation, analysis and dissection. Economics deals with human behaviour too, so it has a lot to do with sociology, psychology and social psychology. And when we talk of how scarce resources are allocated, those resources are not only money. They include power, time, emotions, mind and brain

United statesSouth africaSouth koreaAdam smithTai solarinDavid ricardoIbrahim babangidaDavid eatonRicardo hausmanAlfred marshallJoseph stiglitzObafemi awolowoPt mag campaignNigeria extractive industries transparency initiativePetroleum gasAbundant nigeria renewal party