28 Sep, 2011
The fear factor is a mover and a shaker
IT’S not something economists emphasise. Indeed, they prefer not to think about it because it reminds them of the limits of their so-called science. But the peregrinations of the economy are as much about psychology – moods and feelings – as about tangible economic forces.
When you view the economy from outside, what you see is might and power. Big corporations with towering offices, huge factories, gleaming shopping complexes, thousands of employees and annual turnover of hundreds of millions of dollars.
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