It seemed to me to be a parable of the exchange of goods, rather Marxist in some ways, in the new world of global forces. What the forgers do is write the brand name to try and change it, and it works! Loads of people buy fake Prada handbags, or Chanel sunglasses; they've been changed. They have been truly, really changed.

Wonder has no opposite; it springs up already doubled in itself, compounded of dread and desire at once, attraction and recoil, producing a thrill, the shudder of pleasure and of fear.

Many of the enchanted things in the book are lamps, carpets, sofas, gems, brass rings. It is a rather different landscape than the fairy tale landscape of the West. Though we have interiors and palaces, we don't have bustling cities, and there isn't the emphasis on the artisan making things. The ambiance from which they were written was an entirely different one. The Arabian Nights comes out of a huge world of markets and trade. Cairo, Basra, Damascus: trades and skills.

There's a whole slew of wonderful speculation of flying in a fanciful way. Gulliver is one of the central examples; Swift has the hum of Arabian Nights in his ear with Gulliver's Travels. The difference is in scale - Gulliver as a kind of Sinbad kind of figure, the way he is picked up and carried. Just to finish up with Scheherazade, I do think that The Arabian Nights could be considered as a great book on women's position in the world.

I have many, many editions of the books, and they are all rather different. In the end, the one I used was the most recent French translation. French suits the tales well, and it's a beautiful translation. The Italian one is good as well... English has fallen short.

For example, John Law's Mississippi Company venture printed shares, and the money had gone up in smoke when it had been inscribed objects. The inscription made it magic and changed its meaning. That's how objects become charmed in The Arabian Nights, and they are often originally ordinary objects. The carpet is an ordinary, paltry object. The lamp is a rusty old lamp, and the bottles jinns are imprisoned within are old bottles. They are changed by the magic and the jinn's presence, and the jinn's presence is often embodied in the seal or inscription.

The female form provides the solution in which the essence itself is held; she is passio, and acted upon, the male is actio, the mover.