Niall Ferguson
Niall Ferguson
Niall Campbell Ferguson is a British historian from Scotland. He is the Laurence A. Tisch Professor of History at Harvard University. He is also a Senior Research Fellow of Jesus College, University of Oxford, a Senior Fellow of the Hoover Institution, Stanford University and visiting professor at the New College of the Humanities. His specialities are international history, economic and financial history, and British and American imperialism. He is known for his provocative, contrarian views. Ferguson's books include Empire: How...
NationalityBritish
ProfessionTeacher
Date of Birth18 April 1964
applies efficient hypothesis markets nine stops time
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.
financial historical knowledge models risk substitute tend three time work worth
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.
coercion empires collaboration
All empires have depended on local legitimacy and local collaboration; they are not based primarily on coercion. An imperial rule that relies wholly on coercion can't endure. It's too expensive.
names people needs
American Empire- it is an empire that lacks the drive to export its capital, its people and its culture to those backward regions which need them most urgently and which, if they are neglected, will breed the greatest threats to its security. It is an empire, in short, that dare not speak its name. It is an empire in denial.
recipes telling-the-truth misrepresentation
Oral history is a recipe for complete misrepresentation because almost no one tells the truth, even when they intend to.
fighting history victory
Why did the Germans and Japanese keep fighting after 1943 when every rational hope of victory had disappeared?
names hegemony alternatives
My arguments for liberal empire or whatever you want to call it - hegemony, primacy, you name it - are really activated by a sense that the alternatives involve more violence, more repression, more hardship.
historical west half
The rise of the West is, quite simply, the pre-eminent historical phenomenon of the second half of the second millennium after Christ.
mistake thinking past
I think the condition of imperial denial is a handicap because if you do not recognize that you are essentially performing the functions of an empire, you are incapable of learning from the mistakes of past empires.
our-generation average chinese
It’s our generation that is witnessing the end of Western predominance. The average American used to be more than 20 times richer than the average Chinese. Now it’s just five times, and soon it will be 2.5 times.
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The real point of me isn't that I'm good looking. It's that I'm clever. I've got a brain! I would rather be called a highly intelligent historian than a gorgeous pouting one.
became becomes changes life major retirement state success successful surprising time unless victim welfare
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.
approach decline financial highly history interest rise
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.
adam ask believer believing both committed freedom individual means smith values
Ask me not, 'Are you rightwing,' but ask me 'Are you a committed believer in individual freedom, the values of the enlightenment?' Then, yeah, if being rightwing means believing Adam Smith was right, both in the 'Wealth of Nations' and the 'Theory of Moral Sentiments,' then I'm rightwing.