Niall Ferguson Quotes

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It's great to see countries like China and India lifting hundreds of millions of people out of poverty by essentially copying Western ways of doing things.

Over time, the welfare state has become dysfunctional in a surprising way. But in a way it became a victim of its own success: It became so successful at prolonging life, that it becomes financially unsustainable, unless you make major...

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One of the main arguments that I make in my new book, 'The Great Degeneration,' is that the rule of law in the U.S. is becoming the rule of lawyers.

I can't think of anything I would rather do with my money than buy my children the best possible education.

I was never a very convincing social conservative, and always avoided associating myself with that part of the broader conservative movement.

I would say I'm a 19th-century liberal, possibly even an 18th-century one.

My fundamental tenets are concerned with freedom of the individual; the market isn't perfect, but it's the best available way of allocating resources.

The rise of the West is, quite simply, the pre-eminent historical phenomenon of the second half of the second millennium after Christ.

I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in financial history.

Risk models are a substitute for historical knowledge, because they tend to work with just three years' worth of data. But three years is not a long time in financial history.

The great thing about behavioural psychology and economics is that they help us to see that there are actually pretty good reasons why human beings swing from greed to fear, and why we're not really calculating machines or utility-maximisers.

What's so seductive about the efficient markets hypothesis is that it applies nine years out of ten. A lot of the time it works. But when it stops working, you blow up.

President Obama's biggest weakness is weakness.

I have three kids in Britain, and I am there at least once a month.

Only in England would 'professor gets divorced and remarried' be a story.

As a financial historian, I was quite isolated in Oxford - British historians are supposed to write about kings - so the quality of intellectual life in my field is much higher at Harvard. The students work harder there.

In general, I have felt more at home in the U.S. than I ever felt in England.

When I first came to Oxford, I struggled to feel comfortable in an Anglican, public school-dominated institution.

I'm over-industrious, so I don't feel quite such a deviant in America as I did in England.

Civilisation is partly about restraining the male of the species from engaging in the violence of the hunter-gatherer period. But it doesn't take an awful lot to unleash it.

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