Anything coming after the floor show we have just seen can only be an anticlimax, and my impulse is to tear up my prepared text and just quote two great men: Thomas Carlyle, who described economics as “the dismal science” and Henry Ford, who said “history is bunk” — from which it presumably follows that economic history is dismal bunk. Instead, I should like to take advantage of this captive audience and speak to you in praise of economic history. This is an old Arabic genre : mahasin al-iqtisad. And of course economic history means giving as little history for as much money as possible, so you will not expect a long speech.