A Cambridge University economist, Joan Robinson, who happened to have lectured me at one point in time, had once observed that the reason one must study economics is “to avoid being deceived by economists.” Decades ago, when I had joined the Bank of Mauritius which is also the regulator of various types of financial institutions in the country, I had told to myself that I need to have a good understanding of accountancy in order to avoid being deceived by accountants.
I am sure, you must be familiar with the phenomenon that some people talk in their sleep. Economists are sometimes said to talk in other people’s sleep. In November 2015, the year when the banking license of the Bramer Banking Corporation Limited was revoked, I had given an address wherein, I hope, I had not talked in other people’s sleep.