- Title
- "Post-Truth,”“Alternative Facts” and “Fakenomics"
- Creator
- Keeton, Gavin R
- Subject
- To be catalogued
- Date
- 2018
- Type
- text
- Type
- article
- Identifier
- http://hdl.handle.net/10962/477887
- Identifier
- vital:78133
- Identifier
- https://doi.org/10.1111/saje.12181
- Description
- South African companies are accused of hoarding profits to accumulate large amounts of “idle” cash, as well as of being the perpetrators of massive illegal capital flight. This paper argues that much of the claimed corporate cash is either offshore or belongs to banks. It reminds that bank deposits increase when companies borrow, not when they retain profits. It shows, too, that measures of massive capital flight actually reflect data errors. Exaggerating, through faulty methodology the extent to which companies have cash or may be involved in illegal capital flight is unhelpful. It exacerbates already‐fraught government‐business relations, and complicates the search for solutions to South Africa's economic problems.
- Format
- 12 pages, pdf
- Language
- English
- Relation
- South African Journal of Economics, Keeton, G., 2018. Post‐Truth,”“Alternative Facts” and “Fakenomics. South African Journal of Economics, 86(1), pp.113-124, South African Journal of Economics volume 86 number 1 113 124 2018 1813-6982
- Rights
- Publisher
- Rights
- Use of this resource is governed by the terms and conditions of the Wiley Library Online Terms of Use Statement (https://onlinelibrary.wiley.com/terms-and-conditions)
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Collections
Keeton, Gavin Rodney (Prof)
RU Department of Economics and Economic History
SDG 08. Decent Work and Economic Growth
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Post‐Truth, Alternative Facts and Fakenomics.pdf | 652 KB | Adobe Acrobat PDF | View Details Download |