Top 10 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 changes to things like retirement ages.

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.

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