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.
Niall FergusonIf the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.
Niall FergusonThe rise of the West is, quite simply, the pre-eminent historical phenomenon of the second half of the second millennium after Christ.
Niall FergusonI think that it is important to be gregarious, and that friendships are not just a leisure pursuit, that they are an integral part of what it is to be human, and one does better work if one has a circle of friends that is active.
Niall Ferguson