Them refers to governments. The meaning would be clearer if commas were used: Governments, and the economists who advise them, learned the lessons of the 1930s. CB
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tinanam01021. So it's the governments that learned the lessons, but not the both, governments and the economists?In my opinion the sentence says that both learned the lessons but the economists advise governments.
tinanam01022. Does a pronoun always refer to the nearest noun?I don't think so. It's impossible to gi
tinanam0102Governments and the economists who advise them learned the lessons of the 1930s.I was a little pressed for time when I replied to your post and didn't realise that the conjunction and is what determines the meaning here. Take this short sentence as an excample:
tinanam0102It is now conventional wisdom that the world has avoided a second Great Depression. Governments and the economists who advise them learned the lessons of the 1930s.Pronouns can only refer to nouns. I have underlined all the nouns. them always refers to a plural
Where does this "them" refer to?