11 BUSINESS DAY Tuesday 04 August 2020 COMMENT comment is free Send 800word comments to email@example.com you can’t beat them, join them” faux “wisdom”, we should resort to diligence, focus, hard work and patience. The key insight from Michael Hunter’s 2020 book “The decline of magic: Britain in the enlightenment” is its description of how science prevailed over superstitions. While the details might not be ideal for this page, the long and short of it is that science prevailed over magic because it made clear truth from error. And as Kay & King’s 2020 book “Radical Uncertainty” shows, even science has its biases and constraints owing to the human constant and its proclivities for stories and fantasticism, a dimension amply explored in Shiller’s 2019 book “Narrative Economics”. We have to give up many of our silly beliefs if we desire progress. Evidence of the progress that is possible in the aftermath can be seen in the modern comforts we enjoy today. And not until the people who invented these things jettisoned these fantastic fallacies were they able to concentrate their thoughts towards true magic: aeroplanes, automobiles, mobile phones, satellites, and so on. Things that actually work wonders in the real world and in our lives. Things that do not exist only in our dreamy sleeps. ‘ So, what is the purpose of knowledge? It is a rhetorical question at this point. But at the very least, you know enough not to accept the conventional wisdom without doing your own investigations “Dr Raji is chief economist at Macroafricaintel. He was previously an Africa Economist at Standard Chartered Bank, London, UK. (Twitter: @ DRRAFIQRAJI)” BISI ADEYEMI Bisi Adeyemi is the Managing Director, DCSL Corporate Services Limited. Kindly forward comments and reactions to firstname.lastname@example.org www.businessday.ng https://www.facebook.com/businessdayng @Businessdayng PRINTED AND DISTRIBUTED BY PRESSREADER Pressreader.com +1 604 278 4604 . ORIGINAL COPY . ORIGINAL COPY . ORIGINAL COPY . ORIGINAL COPY . ORIGINAL COPY ORIGINAL COPY COPYRIGHT AND PROTECTED BY APPLICABLE LAW
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