We generally write best of what we ourselves have seen.

The dividing line between wish and need was never clear.

An atheist is a man who has no invisible means of support.

All UK nuclear power stations should be shut down without delay.

Economists, like royal children, are not punished for their errors.

Saudi Arabia is a puritanical state that claims a monopoly of wisdom and virtue.

Financial crises are like fireworks: they illuminate the sky even as they go pop.

Any new financial order for the world must tackle the three chief challenges of our age.

Liberty in Islam is the liberty to be a Muslim, democracy likewise, individualism likewise.

If good history is dispassionate history, it must naturally wait until the passions of the period subside.

Losing your capital is like losing your trousers. It is a real humiliation, and one not to be soon repeated.

The world survived the fall of the Roman empire and will no doubt outlast our own so much more splendid civilisation.

Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required.

Is there any purpose to translating poetry? A poem does not contain information of importance, like a signpost or a warning notice.

By pouring money and goods into devastated regions, foreign aid workers sometimes compound the disruption and debauch the survivors.

A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as vital to human existence as water.

Life without oil, in fact, would be so different that it is frightening to contemplate. We are addicted, and it is no comfortable addiction.

Were there peace and justice in the Middle East, the Arabs would no more need their tinhorn dictators than they would their corpulent princes.

Because bankers measure their self-worth in money, and pay themselves a lot of it, they think they're fine fellows and don't need to explain themselves.

Almost all novels are improved by cutting from the top. On their first pages, authors parade those favourite effects which disgust the impartial reader.

The great disadvantage of getting older is to be obliged to relive the salient economic events of one's youth, with nothing learned and nothing forgotten.

One of the admirable features of British novelists is that they have no scruple about setting their stories in foreign settings with wholly foreign personnel.

Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.

The theory of permanent Muslim-Christian enmity, though it flourishes in the caves of Tora Bora and parts of the American academy, was long ago exploded by the historians.

The world dominion of western thought, forms of organisation, technology and military force is not God-given, nor eternal, nor greatly appreciated by the rest of the world.

Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness.

In rising financial markets, the world is forever new. The bull or optimist has no eyes for past or present, but only for the future, where streams of revenue play in his imagination.

Since the attack on the United States on September 11 2001, and the US retaliation in Afghanistan and Iraq, there must be few people who have not felt a twinge of nostalgia for the cold war.

Saudi Arabia operates according to the belief that God made young men and women so utterly and completely without self-control that they must be physically segregated every moment of the day and night.

Europe and North America, we are told, are less dependent on energy-intensive heavy industry than in the 1960s and 1970s. It seems we squeeze more GDP out of a barrel of oil than in those benighted days.

In falling markets, there is nothing that has not happened before. The bear or pessimist sees only the past, which imprisons the wretched financial soul in eternal circles of boom and bust and boom again.

In modern society, where most people live in cities, and where both needs and wishes are absolved through the same remote agency - money - the distinction between wishes and needs has altogether vanished.

The aircraft that blew up the World Trade Center in New York and the Pentagon in Washington conveyed several messages to the world, of which one of the least remarked is this: the Muslims of the world are suffering.

Bulls don't read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929.

Where consumption is both conspicuous and competitive, humanity will never run out of new wishes. All the while, industry creates new desires that are marketed, in the great fashion paradox, as both novelty and need.

There are about 15 million Muslims in the EU. They face ignorance, insult and even persecution. They cannot be wished away. To impose Enlightenment freedoms is self-defeating. Anyway, the Muslims have their own enlightenment.

Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed.

Whatever else it was, Adolf Hitler's short-lived regime was also a colossal industrial process by which the wealth and productive power of much of Europe was wrenched from its normal purposes and converted into a machine for killing.

The west has a great deal to answer for in the Middle East, from Britain's belated empire-building after the First World War to the US and British policy that condemns modern Iraq to the material and social squalor of a half-century ago.

Of all the failed technologies that litter the onward march of science - steam carriages, zeppelins, armoured trains - none has been so catastrophic to prosperity as the last century's attempt to generate electricity from nuclear fission.

Last chances in the Middle East have been two a dirham since the 1950s. Each year the enmities are more profound, the despots more bloodthirsty and clownish, the violence more extreme, and the conditions of ordinary existence more ghastly.

To make a love story, you need a couple of young people, but to reflect on the nature of love, you're better off with old ones. That is a fact of life and literature - and of the novel ever since it fell in love with love in the 18th century.

What holds an Arab leader in power is a mixture of violence and prestige. Both President Assad and King Hussein were felt to have defended Arab interests against the world. That, in the end, is more important than what they wear on their head.

The truth is, of course, that history is not completed in modern commerce any more than philosophy is perfected in political economy. In other words, there is nothing timeless or God-given about filling stations and penicillin and plastic bags.

Suicidal violence is not the exclusive property of the Muslim world. Suicide bombings were a tactic of nationalist struggles in 19th-century Europe and Russia, the far east during the second world war and the Vietnam war, and in modern Sri Lanka.

The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.

We read too much Shakespeare at school, and view our parliamentary politics as dynastic drama, in which an impatient crown prince frets at his long subordination and begins to scheme for the throne he knows he merits, was promised and has earned.

When Gordon the Brown, in London in 1997, commissioned a great inquisition or survey of his new realm, the result was the so-called national asset register, which was immediately dubbed by the boomers of the UK Treasury 'the modern Domesday Book.'

It is time to end the western policy of malign neglect. It is in the interest of the whole world to help tackle the actual grievances in Palestine, Kashmir, and in central and southern Iraq, and to help the region out of its economic backwardness.

When William the Conqueror commissioned a great survey of his English realm at Gloucester in 1085, the result was a work so thorough, fair, dispassionate, and wide-ranging that it seemed to the succeeding generations to have come from another world.

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