By: Kevin Dooley

This insightful article discusses the role of storytelling in Economics. It argues that narrative drives our beliefs and the science behind economic outcomes in public life. One example the author, Heather Long, quotes is that of “Philip Lowe, head of Australia’s central bank, [who] urged his colleagues to spend a little less time on numbers and more time on being good storytellers.”

She then quotes an examples in Jamaica where,

“One economist pointed out that Jamaica’s central bank is employing reggae artists to explain that “high inflation is a wicked ting.” The Federal Reserve doesn’t have anything quite like that, but it is searching for a senior speechwriter who can help top central bank officials speak “to a wide variety of audiences.”

“I am expected to be, and I am, a storyteller. I tell stories about the future,” said Stefan Ingves, governor of Sweden’s central bank. “We human beings simply love stories about the future. That’s part of my job.”

For more from this useful take on the role of storytelling and the importance of majoring in English, please go to the source.