Mr. Dermot Gleeson:

So I'm going back to your previous question, Deputy Higgins, to answer it as best I can. I was about to tell you, and you probably know this, that John Lanchester, who is a respected commentator says that economists ... that economics ... one of the reasons that economics is so bad at predicting the future is because economic history has been downgraded in economics departments in universities and that ... when I was learning my economics a long, long time ago, economic history was compulsory, but now the feeling, among some economists at least, is that it's all in the formulae, it's all in the mathematical formulae. The mathematical formulae capture the history, therefore you don't need to learn the history, and that if there was more attention to history ... so I agree with your point that attending to the history ... on the other hand, Deputy ... let me just finish. On the other hand-----