“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.” SaidPoliticalEconomyModernCrisisWestFinancialIdeologyFrightenedPollutionThey SaidEconomistPrevailingFinancial CrisisPolitical Economy Author:James Buchan
“Financial crises are like fireworks: they illuminate the sky even as they go pop.” SkyCrisisFinancialPopsFinancial CrisisFireworks Author:James Buchan
“Any new financial order for the world must tackle the three chief challenges of our age.” WorldAgeOrderThreeChallengesFinancialChiefsBirthday60th Birthday Author:James Buchan
“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.” WorldPlayEyePastImaginationForeverFinancialStreamsRisingOptimistRevenueBullsFinancial Markets Author:James Buchan
“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.” FallBitsBearsFinancialDustCrashSpeculationBullsDutchRailwayMania Author:James Buchan
“Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing.” TodayCausesSidesClassEffectsSecurityParticularDevilFinancialCause And EffectRiddle Author:James Buchan
