大象传媒

Since the two thousand and eight financial crisis many Western economies have been in intensive care.

Central banks and governments have been trying everything to revive their ailing patients. From cash injections to cash leeching - desperate times really have called for desperate measures.

Quantitative easing and austerity have been dispensed but the illness is proving stubbornly resistant to any cure.

So - keeping with the medical theme - is all this just quack treatment? Maybe we need a fundamental re-diagnosis.

Business Daily's regular economics correspondent Steve Fritzinger certainly thinks so. He thinks guidance can be found in an antique school of economics that is making a surprising come back: the Austrian School.

So should we all be Austrians now? Justin Rowlatt discusses the limits of economic theory with two eminent economists: Dr Irwin Stelzer of the Hudson Institute and Professor Robert Wade of the London School of Economics.

Plus: the debt crisis might be stifling growth in Europe - but in Nigeria it seems there's no stopping one man who is building his fortune fast.

Aliko Dangote is Africa's richest man - according to Forbes magazine. His business interests range from cement manufacturing - to sugar, oil and real estate.

Nigeria may be the most populous country in sub-Saharan Africa and its second largest economy but it is beset by problems. It is ranked 134th out of 178 on Transparency International's corruption perception index, the country has recently faced strikes and riots following the government's attempt to cut fuel subsidies -not to mention the wave of terrorist bombings. On top of that there is the disruption in Europe, one of Nigeria's key trading partners.

The 大象传媒's Nigeria Correspondent Mark Lobel attended the grand opening of Mr Dangote's new cement plant in Ogun State in Nigeria and asked the billionaire how he manages to prosper.

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