Michael Jordaan: 'Economics needs new theories that try to incorporate free'

Posted by Johan Fourie on 2014-03-28

Michael Jordaan, former CEO of FNB and now honorary professor in the Department, gave his first public lecture on Thursday night in the Department of Economics. He discussed the costless economy (such as Google and Facebook) and the implications for the measurement of GDP, inflation, etc when services are free. Here is Prof Jordaan (second from left) with prof Stan du Plessis (dean), prof Rachel Jafta, organiser of the public lecture, and department chair prof Andrie Schoombee.

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BER Weekly

17 May 2024
This week was another poor showing on the local industrial data front, with internal trade data mixed. While we still see very subdued quarterly growth, there is an increased possibility that the economy may have stagnated or tipped into a contraction in 2024Q1 relative to 2023Q4. Policy was also in focus as President Cyril Ramaphosa signed the National...

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BER Weekly

17 May 2024
This week was another poor showing on the local industrial data front, with internal trade data mixed. While we still see very subdued quarterly growth, there is an increased possibility that the economy may have stagnated or tipped into a contraction in 2024Q1 relative to 2023Q4. Policy was also in focus as President Cyril Ramaphosa signed the National...

Read the full issue