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Africonomics

A History of Western Ignorance

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Africonomics

By: Bronwen Everill
Narrated by: Patricia Rodriguez
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About this listen

'A historically insightful read' Financial Times

'A wry, rollicking, and provocative history' Michael Taylor, author of The Interest

‘A thought-provoking analysis of Africa's relationship with economic imperialism’ Astrid Madimba and Chinny Ukata, authors of It’s A Continent

We need to think differently about African economics.

For centuries, Westerners have tried to ‘fix’ African economies. From the abolition of slavery onwards, missionaries, philanthropists, development economists and NGOs have arrived on the continent, full of good intentions and bad ideas. Their experiments have invariably gone awry, to the great surprise of all involved.

In this short, bold story of Western economic thought about Africa, historian Bronwen Everill argues that these interventions fail because they start from a misguided premise: that African economies just need to be more like the West. Ignoring Africa's own traditions of economic thought, Europeans and Americans assumed a set of universal economic laws that they thought could be applied anywhere. They enforced specifically Western ideas about growth, wealth, debt, unemployment, inflation, women’s work and more, and used Western metrics to find African countries wanting.

The West does not know better than African nations how an economy should be run. By laying bare the myths and realities of our tangled economic history, Africonomics moves from Western ignorance to African knowledge.

*Shortlisted for the BCA African Business Book of the Year*

©2024 Bronwen Everill (P)2024 HarperCollins Publishers
Africa Business Development Business Development & Entrepreneurship Economic History Economics International Imperialism Capitalism Socialism Taxation

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Critic reviews

'The west’s economic agenda — while full of good intentions — created significant problems for the continent… A historically insightful read' Tej Parikh, Financial Times Best New Books on Economics

‘The history of interactions between Western economists and the African continent provides a vast array of erroneous assumptions … Africonomics and the lessons therein bear reading and rereading’ Morten Jerven, Literary Review

'Cheerfully provocative … sparkles with some illuminating moments' TLS

‘This book outstandingly analyses the shortcomings of a certain approach to thinking about Africa, and it implicitly indicates the other side of the coin: the forces for change that will continue to shape the continent from within’ Kofi Adjepong-Boateng, Centre for Financial History, University of Cambridge

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