"When you think about Nelson Mandela, you probably think about freedom – free people, free country, free speech. What may be overshadowed by Mr. Mandela’s extraordinary legacy was his complicated journey to support free markets and a free economy," Andrew Ross Sorkin writes in the DealBook column. When he was released from prison in 1990, Mr. Mandela said he believed in the nationalization of South Africa’s main businesses, but two years later he changed his mind, embracing capitalism, and charted a new economic course for his country.

"The story of Mr. Mandela’s evolving economic view is eye-opening: It happened in January 1992 during a trip to Davos, Switzerland, for the annual meeting of the World Economic Forum. Mr. Mandela was persuaded to support an economic framework for South Africa based on capitalism and globalization after a series of conversations with other world leaders," Mr. Sorkin writes.