Brexit, Peace and Trump: Lessons for Economists [Brexit, paz e Trump: Ensinamentos para os economistas] [Brexit, paz y Trump: Enseñanzas para los economistas]

This essay analyzes three elections that had unexpected results: the exit of the United Kingdom from the European Union, the rejection of the peace agreement in Colombia and the election of Trump as president of the United States. It emphasizes three aspects: the predictions were made in a situation of uncertainty based on rules or conventions, the campaigns involved strong emotional elements and the results were affected by cultural factors (identity and religious) and not only economic ones. Standard economics omits such factors although it should take them into account. © 2018, Universidad Externado de Colombia. All rights reserved.

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