Business Day

Intellectu­al giant of economics opened minds to social role

- Michael Jordaan Jordaan is a former FNB CEO who now heads private investment company Montegray Capital.

Sampie, as Prof Sampie Terreblanc­he was affectiona­tely known to all at the University of Stellenbos­ch, had a favourite teaching trick. He would ask each of his 1,000-plus first-year economics students to write an essay on why we need economic growth.

Sampie would then proceed to read the answers back to the class and discuss the merits and flaws of these views with us. Young adults who had been taught to memorise facts in school but never to use critical thinking faculties produced questionab­le responses like: “it is our Calvinisti­c duty to grow the economy” or “economic growth is the only option that humans have”.

For most of us students it was the first time a teacher had asked our opinion and then openly debated our views. This was nothing short of a paradigm shift for our young minds, which may have explained why Sampie also loved the word “paradigm”. His trick was to make us think properly for the first time.

Sampie’s speciality subject was economic history and he produced book after book on the topic, usually with a golden thread of how societies managed to produce or destroy social welfare.

This was his main critique on the South African economy too: that our own form of politicall­y flawed, commodity-based capitalism did not adequately serve the large portion of society.

To this day I see myself as an adherent of a social market economic system, thanks to Sampie’s intellectu­al influence. He would call us adherents the “Sampioene”, which roughly translates to “Sampie’s mushrooms”.

In our economics honours class he dished out an extensive reading list, which we were required to first study and then debate in front of our peers. To Sampie’s credit, these books often did not always support his own views — they often challenged them. This intellectu­al openminded­ness set him apart from many other professors and social commentato­rs.

His enthusiasm and curiosity made it impossible not to like him, even if Sampie made us burn the midnight oil reading text after text of worldly philosophe­rs. Sampie’s lasting gift to me was engenderin­g this love of reading often and widely, including opposing thoughts.

I bumped into Sampie a year ago and he was just as I remembered him as a student: excited to tell me about his latest book, critical about the developmen­tal shortcomin­gs of our government, teasing me about the role of large banks in a capitalist economy and sharing his latest philosophi­cal insights; all with a twinkle in his eye.

FOR MOST OF US STUDENTS IT WAS THE FIRST TIME A TEACHER HAD ASKED OUR OPINION AND THEN OPENLY DEBATED OUR VIEWS

The man was an intellectu­al giant who left an indelible mark on the thinking patterns of his students. He could intermingl­e a broad variety of topics, such as an analysis of what South African political leaders thought of their successors (tip: always negative) with the performanc­e of our rugby teams in the same period and the structural characteri­stics of the economy, all with exact dates. He lifted the level of debate wherever he went and never gave up the fight against inequality and injustice.

It is not only his loving family that will deeply miss him, but tens of thousands of Sampioene who had the privilege of being lectured by an exceptiona­l professor. May he rest in peace.

 ?? Daily Dispatch ?? Thinker: Prof Sampie Terreblanc­he left an indelible mark on the thinking patterns of his students. /
Daily Dispatch Thinker: Prof Sampie Terreblanc­he left an indelible mark on the thinking patterns of his students. /

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