Economists, Like Royal Children, Are

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.

Losing Your Capital Is Like Losing Your Trousers. It Is A Real Humiliation, And One Not To Be Soon Repeated.

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.

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.

Even Before He Came To Power In 1997, Gordon Brown Promised To Change The Accounts To Parliament From Simple Litanies Of Cash In And Cash Out, To A More Commercial System That Took Notice Of The Public Property The Departments Were Using. This System Is Known As Resource Accounting.