Lord Keynes famously said that the equity markets are like a beauty contest. Instead of buying those stocks that you think have the best fundamentals, you buy those that others think are the best. Much the same applies to the electoral markets in democracies. And here narratives have an important role to play. And, as I blogged
Narratives and the economy and politics
Narratives and the economy and politics
Narratives and the economy and politics
Lord Keynes famously said that the equity markets are like a beauty contest. Instead of buying those stocks that you think have the best fundamentals, you buy those that others think are the best. Much the same applies to the electoral markets in democracies. And here narratives have an important role to play. And, as I blogged