The Great Degeneration: How Institutions Decay and Economies Die

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Penguin, Jun 13, 2013 - Business & Economics - 192 pages
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A searching and provocative examination of the widespread institutional rot that threatens our collective future

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. With characteristic verve and historical insight, Ferguson analyzes the causes of this stagnation and its profound consequences for the future of the West. The Great Degeneration is an incisive indictment of an era of negligence and complacency—and to arrest the breakdown of our civilization, Ferguson warns, will take heroic leadership and radical reform.

Niall Ferguson's new book The Square and the Tower: Networks and Power, from the Freemasons to Facebook will be published in January 2018.

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LibraryThing Review

User Review  - RobertP - LibraryThing

The book touches on three aspects of "degenration" of Western nations: civil society, the rule of law, economics. He will no doubt be accused of being right-wing, which for Ferguson appears unlikely ... Read full review

THE GREAT DEGENERATION: How Institutions Decay and Economies Die

User Review  - Jane Doe - Kirkus

As Oswald Spengler's massive 1918 classic Decline of the West approaches its 100th anniversary, announcements of the apocalypse continue to pour off the presses. Readers could do much worse than read ... Read full review


TheHuman Hive
4Civil andUncivil Societies

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About the author (2013)

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, Civilization, The Great Degeneration, Kissinger, 1923-1968: The Idealist, and The Square and the Tower. He is Senior Fellow at the Hoover Institution, Stanford University, and a Visiting Professor at Tsinghua University, Beijing. His many awards include the Benjamin Franklin Prize for Public Service (2010), the Hayek Prize for Lifetime Achievement (2012) and the Ludwig Erhard Prize for Economic Journalism (2013).

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