Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required. – James Buchan
Is there any purpose to translating poetry? A poem does not contain information of importance, like a signpost or a warning notice. – James Buchan
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
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. – James Buchan