n South African Actuarial Journal - Actuaries and the GFC : guest editorial

Volume 9, Issue 1
  • ISSN : 1680-2179


The GFC seems - in one respect - to have led us out of a fog of confusions. We no longer have to argue against a reductionist economics, and notions that markets are perfect and people rational. It reminds me in one way of the end of apartheid, after which it was not necessary to argue that black people should have rights. Now as then, it is difficult to find people who believed in the old paradigm.

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