The master-economist must possess a rare combination of gifts …. He must be a mathematician, historian, statesman, philosopher — in some degree. He must understand symbols and speak in words. He must contemplate the particular, in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present, in the light of the past, for the purposes of the future. No part of man’s nature or his institutions must be entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood, as aloof and incorruptible as an artist, yet sometimes as near to earth as a politician – J.M Keynes

Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is past the ocean is flat again – John Maynard Keynes ( A Tract on Monetary Reform, 1923)

The prudent man always studies seriously and earnestly to understand whatever he professes to understand, and not merely to persuade other people that he understands it; and though his talents may not always be very brilliant, they are always perfectly genuine. He neither endeavours to impose upon you by the cunning devices of an artful impostor, nor by the arrogant airs of an assuming pedant, nor by the confident assertions of a superficial and impudent pretender. He is not ostentatious even of the abilities which he really possesses. His conversation is simple and modest, and he is averse to all the quackish arts by which other people so frequently thrust themselves into public notice and reputation. For reputation in his profession he is naturally disposed to rely a good deal upon the solidity of his knowledge and abilities; and he does not always think of cultivating the favour of those little clubs and cabals, who, in the superior arts and sciences, so often erect themselves into the supreme judges of merit; and who make it their business to celebrate the talents and virtues of one another, and to decry whatever can come into competition with them. If he ever connects himself with any society of this kind, it is merely in self-defence, not with a view to impose upon the public, but to hinder the public from being imposed upon, to his disadvantage, by the clamours, the whispers, or the intrigues, either of that particular society, or of some others of the same kind – Adam Smith (The Theory of Moral Sentiments, 1759)

Contact Email: walle.smith@outlook.com

Disclaimer: The information on this blog is obtained from sources that authors believe to be reliable. Blog posts are provided solely for informational purposes and is not to be construed as providing advice, recommendations, or endorsements of any kind whatsoever. No warranties are provided or should be implied. By reading content on this blog, you acknowledge that you have read and understood this “Disclaimer” and agree, to be bound by its terms.



  1. Ibezim Okehie · · Reply

    Hello, I don’t know who you are, but this is one of the BEST sites I’ve ever come across on the Nigerian economy, and that’s despite it’s being very scanty, but it sure makes up in QUALITY.
    I hope you can continue with more regular updates, believe it or not, there’s a hunger for quality commentary on Nigerian economics. I want you to know there are people out there who appreciate your work. I have some questions and comments on some of what you posted, especially on the debt and sourcing statistics, but I wonder if you’re even keeping up with your mail at this point.

    Anyway, thanks for what you’ve done. I’m a fan.

    1. Hello Ibezim

      I’m deeply humbled by this. I apologize for the lag in updating this page I was undertaking a course that took up a lot of my time. I’m done now so regular programming will continue.

      Cheers then

  2. otizamani · · Reply

    You are really an economist, one of a kind

  3. otizamani · · Reply

    I have to tell you sir, you write like Ray Dalio am a long term investor and you have no idea how your writing gives me wonderful perspective about the Nigeria Money Market.
    Will love to me you in person.

  4. Chijioke Onuoha · · Reply

    I am encouraged to learn more about the Nigerian economy because of your work. You have a rare gift of interlinking facts and laying them out with blistering clarity. Danke!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: