The Great Degeneration
by Niall Ferguson
082013_GreatDegen

In The Great Degeneration: How Institutions Decay and Economies Die, renowned historian Niall Ferguson offers a provocative examination of the widespread institutional rot that threatens our collective future.


Hardcover, 192pp
Penguin Group (USA), June 2013
ISBN-13: 9781594205453
Barnes & Noble online price: $18.84
Get This Book Now

SYNOPSIS

What causes rich countries to lose their way? Symptoms of decline are all around us today: slowing growth, crushing debts, increasing inequality, aging populations, antisocial behavior. But what exactly has gone wrong? The answer, Niall Ferguson argues in The Great Degeneration, is that our institutions — the intricate frameworks within which a society can flourish or fail—are degenerating.

Representative government, the free market, the rule of law, and civil society — these are the four pillars of West European and North American societies. It was these institutions, rather than any geographical or climatic advantages, that set the West on the path to global dominance beginning around 1500. In our time, however, these institutions have deteriorated in disturbing ways. Our democracies have broken the contract between the generations by heaping IOUs on our children and grandchildren. Our markets are hindered by over-complex regulations that debilitate the political and economic processes they were created to support; the rule of law has become the rule of lawyers. And civil society has degenerated into uncivil society, where we lazily expect all of our problems to be solved by the state.

It is institutional degeneration, in other words, that lies behind economic stagnation and the geopolitical decline that comes with it. With characteristic verve and historical insight, Ferguson analyzes not only the causes of this stagnation but also its profound consequences.

The Great Degeneration is an incisive indictment of an era of negligence and complacency. While the Arab world struggles to adopt democracy and China struggles to move from economic liberalization to the rule of law, our society is squandering the institutional inheritance of centuries. To arrest the breakdown of our civilization, Ferguson warns, will take heroic leadership and radical reform.

ABOUT THE AUTHOR

Niall Ferguson is one of the world’s most renowned historians. He is the author of Paper and Iron, The House of Rothschild, The Pity of War, The Cash Nexus, Empire, Colossus, The War of the World, The Ascent of Money, High Financier, and Civilization. He is the Laurence A. Tisch Professor of History at Harvard University, a senior research fellow of Jesus College, Oxford, and a senior research fellow of the Hoover Institution, Stanford University. He is also a regular contributor to Newsweek and Bloomberg television.
Share

Email  | Print  | Post Comment  | Follow Discussion  | Recommend  |  Recommended (0)

Leave a Comment:

Your Comment:




CAPTCHA Image

[ Different Image ]

Press Releases
Resources
Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright© 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy






Bear
Thank you for commenting close

Your comment has been received and held for approval by the blog owner.
 
   
 
   
Error close

Please enter a valid email address