"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."

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

"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."

"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."

"If a teacher does not involve himself, his values, his commitments, in the course of discussion, why should the students?"

"Experience is the stern teacher that gives the examination before the lesson. Remember this in moments of decisive trial — an essential principle for the reflective life."

"The true measure of a man is the true master is an eternal student."

"Leadership is not a title, it is the realization that the true master is an eternal student."