Niall Ferguson: Economics

Niall Ferguson is British historian. Explore interesting quotes on economics.
Niall Ferguson: 48 quotes0 likes

“The consumer society is so all-pervasive today that it is easy to assume it has always existed. Yet in reality it is one of the more recent innovations that propelled the West ahead of the Rest. Its most striking characteristic is its seemingly irresistible appeal… The result is one of the greatest paradoxes of modern history: that an economic system designed to offer infinite choice to the individual has ended up homogenizing humanity.”

Niall Ferguson book Civilization: The West and the Rest

Civilization: The West and the Rest (2011)

“Was there something distinctive about American civil society that gave democracy a better chance than in France, as Tocqueville argued? Was the already centralized French state more likely to produce a Napoleon than the decentralized United States? We cannot be sure. But it is not unreasonable to ask how long the US constitution would have lasted if the United States had suffered the same military and economic strains that swept away the French constitution of 1791.”

Niall Ferguson book Civilization: The West and the Rest

Civilization: The West and the Rest (2011)

“The rulers of western Africa prior to the European empires were not running some kind of scout camp. They were engaged in the slave trade. They showed zero sign of developing the country's economic resources. Did Senegal ultimately benefit from French rule? Yes, it's clear. And the counterfactual idea that somehow the indigenous rulers would have been more successful in economic development doesn't have any credibility at all.”

Niall Ferguson

"Niall Ferguson: 'Westerners don't understand how vulnerable freedom is'" https://www.theguardian.com/books/2011/feb/20/niall-ferguson-interview-civilization, The Guardian, February 20, 2011.

“In 1615 the British Isles had been an economically unremarkable, politically fractious and strategically second-class entity. Two hundred years later Great Britain had acquired the largest empire the world had ever seen, encompassing forty-three colonies in five continents.”

Niall Ferguson

Empire: How Britain Made the Modern World (2003)

“The great paradox of Australian history is that what started out as a colony populated by people whom Britain had thrown out proved to be so loyal to the British Empire for so long. America had begun as a combination of tobacco plantation and Puritan utopia, a creation of economic and religious liberty, and ended up as a rebel republic. Australia started out as a jail, the very negation of liberty. Yet the more reliable colonists turned out to be not the Pilgrims but the prisoners.”

Niall Ferguson

Empire: How Britain Made the Modern World (2003)