I take a bet. The judgement of God and of the people is nigh! Check your neighbourhood. For weeks, and in some cases, months, there is no electricity. But in your houses, you run your generator. Neighbours come around to charge their phones, rechargeable lamps and what have you in your compound. How do you tell them that you are not part of the oppressors? What about water? As early as 5 am, neighbours are already on the queue in front of your house to fetch water. They don't have the boldness to knock on your gate to wake you…

Ten years ago, Eugene Fama and Robert J. Shiller were awarded the Nobel Prize in Economics (together with Lars Peter Hansen) “for their empirical analysis of asset prices.” Fama and Shiller, however, hold diametrically opposing views on asset-price movements, from what drives the decisions of economic actors to whether markets are inherently efficient. Fifteen years after the global economic crisis, it is a disagreement worth revisiting. Fama is a member of the Chicago School of economics, both literally – he is a professor at the Booth School of Business – and intellectually. The Chicago School holds that economic actors are…