Money is what fueled the industrial society. But in the informational society, the fuel, the power, is knowledge. One has now come to see a new class structure divided by those who have information and those who must function out of ignorance. This new class has its power not from money, not from land, but from knowledge.

A good rule of conversation is never answer a foolish question.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

She is a reflection of comfortable middle-class values that do not take seriously the continuing unemployment. What I particularly regret is that she does not take seriously the intellectual decline. Having given up the Empire and the mass production of industrial goods, Britain's future lay in its scientific and artistic pre-eminence. Mrs Thatcher will be long remembered for the damage she has done.

In the old days, land was important as the giver of all things. That period is gone now. Technology and brainpower are all that matters and yet conflicts over land, specially one like on the India-China border, that yields nothing, continue. This is a burden of ancient history that we continue to carry. If tomorrow there is settlement on planet Mars, we will begin to worry if others are interested.

If anything is evident about people who manage money, it is that the task attracts a very low level of talent, one that is protected in its highly imperfect profession by the mystery that is thought to enfold the subject of economics in general and of money in particular.

Agriculture is one economic activity that does not obey the laws of demand and supply.