Original Research

South Africa: Political economy or virtual economics

M. L. Truu
South African Journal of Economic and Management Sciences | Vol 1, No 2 | a1881 | DOI: https://doi.org/10.4102/sajems.v1i2.1881 | © 2019 M L Truu | This work is licensed under CC Attribution 4.0
Submitted: 07 August 2020 | Published: 30 June 1998

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M. L. Truu, Department of Economics, University of Pretoria, South Africa

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Abstract

In 1994 South Africa was politically transformed from an oligarchy into a democracy. How has this momentous change affected the framework of economic policy? This paper approaches the question via the virulent unemployment that is South Africa's most serious economic problem today. The apparent answer gives great cause for concern: South Africa's policy-makers seem about to leave the real world of political economy to enter the illusory world of virtual economics instead.

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