“A nation is not made welthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.”

“If we only have great companies, we will merely have a prosperous society, not a great one. Economic growth and power are the means, not the definition, of a great nation.”

“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”

“Comfort and prosperity have never enriched the world as much as adversity has.”

“Another lesson to file away about Scotland: insulting other people in a childish manner was the national pastime.”

“Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of self-reliance.”