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.
James Buchan
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History will point out some of the things I did wrong and some of the things I did right. -
A library, to modify the famous metaphor of Socrates, should be the delivery room for the birth of ideas - a place where history comes to life. -
Every age has its own poetry in every age the circumstances of history choose a nation, a race, a class to take up the torch by creating situations that can be expressed or transcended only through poetry. -
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History, in general, only informs us of what bad government is.
More quotes by James Buchan
- Any new financial order for the world must tackle the three chief challenges of our age.
- There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.
- 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.
- Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required.
- 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.