Monday, 22 October 2012 08:31
by Alan Fisher
Conventional wisdom is a dangerous thing. And if this US election has done anything – it is challenge the idea of how things are and should be.
The phrase was coined and popularised by the Canadian American economist John Kenneth Galbraith who defined it as "a body of ideas of explanations generally accepted as true by the public or by experts in a field". Yet what is not said is that many of these explanations, though widely held, are rarely examined.