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.

Economists report that a college education adds many thousands of dollars to a man's lifetime income - which he then spends sending his son to college.

There is the expression of selfishness and there is the expression of selflessness - but economists or theoreticians never touched that part. They said: 'Go and become a philanthropist.' I said 'No I can do that in the business world create a different kind of business - a business based on selflessness.'

I don't want to get into the 'who's a hostage-taker' discussion here but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich but it's a tax on capital that deprives business investment and therefore job creation.

Ask five economists and you'll get five different answers - six if one went to Harvard.

If all the economists were laid end to end they'd never reach a conclusion.

But the age of chivalry is gone. That of sophisters economists and calculators has succeeded and the glory of Europe is extinguished forever.