Today, the average Korean works a thousand hours more a year than the average German. A thousand. ... That is the end of the Great Divergence.
Niall FergusonWhen bond prices fall, interest rates soar, with painful consequences for all borrowers.
Niall FergusonThe Armenian genocide showed what could happen when empires were beaten into nations.
Niall FergusonAs a teacher, my strategy is to encourage questioning. I'm the least authoritarian professor you'll ever meet.
Niall FergusonFor 500 years the West patented six killer applications that set it apart. The first to download them was Japan. Over the last century, one Asian country after another has downloaded these killer apps- competition, modern science, the rule of law and private property rights, modern medicine, the consumer society and the work ethic. Those six things are the secret sauce of Western civilization.
Niall Ferguson