Europe is difficult to coordinate and our main deficit may not even lie in this area of finance and economics but in foreign and security policy. We have a leadership problem because we are still 27 different members who have still not decided on how to work with each other based on what we used to call a European constitution.

Arbitrage proof has since been widely used throughout finance and economics.

The breakdown of the black community in order to maintain slavery began with the breakdown of the black family. Men and women were not legally allowed to get married because you couldn't have that kind of love. It might get in the way of the economics of slavery. Your children could be taken from you and literally sold down the river.

In economics hope and faith coexist with great scientific pretension and also a deep desire for respectability.

But beginners to the World Economics Forum have to understand there is no single Davos experience and there is no single Davos community either. There are numerous tribes who interact only at a minimal level.

Economists treat economics as if it is a pure science divorced from the facts of life. The result of this false accountancy is a willful confusion under cover of which industry wreaks its havoc scot-free and ignores the environmental cost.

Now that virtually every career is an option for ambitious girls it can no longer be considered regressive or reactionary to reintroduce discussion of marriage and motherhood to primary education. We certainly do not want to return to the simplistic duality of home economics classes for girls and wood shop for boys.

It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics because discrimination poverty and ignorance restrict growth while investments in education infrastructure and scientific and technological research increase it creating more good jobs and new wealth for all of us.

Survival in the cool economics of biology means simply the persistence of one's own genes in the generations to follow.

I was an economics major in college and every summer after school I would drive my car from California from Claremont men's college at the time to New York. And I worked on Wall Street.

Many kids come out of college they have a credit card and a diploma. They don't know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics it is the reputation of the business that remains intact.

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy it consists in tracing the consequences of that policy not merely for one group but for all groups.

Religion and art spring from the same root and are close kin. Economics and art are strangers.