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" I would say I'm a 19th-century liberal, possibly even an 18th-century one. "
Niall Ferguson
Liberal
19th-Century
Even
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" I can't imagine having a conversation about 'Celebrity Big Brother' in Cambridge, Massachusetts. "
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Big
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" It's all very well for us to sit here in the West with our high incomes and cushy lives, and say it's immoral to violate the sovereignty of another state. But if the effect of that is to bring people in that country economic and political freedom, to raise their standard of living, to increase their life expectancy, then don't rule it out. "
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" It's great to see countries like China and India lifting hundreds of millions of people out of poverty by essentially copying Western ways of doing things. "
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" Something that's seldom appreciated about me is that I am in sympathy with a great deal of what Marx wrote, except that I'm on the side of the bourgeoisie. "
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Great
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" It's not surprising so many people end up with credit-card debts. Saving for your retirement and buying a house are difficult things, and we don't educate people about them at all. "
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Things
End
House
" The whole point about historians is that we are really communing with the dead. It's very restful - because you read. There's some sociopathic problem that makes me prefer it to human interaction. "
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Human
You
Dead
" I was never a very convincing social conservative, and always avoided associating myself with that part of the broader conservative movement. "
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Myself
Conservative
Never
" Over time, the welfare state has become dysfunctional in a surprising way. But in a way it became a victim of its own success: It became so successful at prolonging life, that it becomes financially unsustainable, unless you make major changes to things like retirement ages. "
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Retirement
Success
Time
" In general, I have felt more at home in the U.S. than I ever felt in England. "
Niall Ferguson
General
Felt
England
" The rise of the West is, quite simply, the pre-eminent historical phenomenon of the second half of the second millennium after Christ. "
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Half
Rise
West
" Oral history is a recipe for complete misrepresentation because almost no one tells the truth, even when they intend to. "
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Recipe
Almost
Because
" The real point of me isn't that I'm good looking. It's that I'm clever. I've got a brain! I would rather be called a highly intelligent historian than a gorgeous pouting one. "
Niall Ferguson
Me
Looking
Intelligent
" What's so seductive about the efficient markets hypothesis is that it applies nine years out of ten. A lot of the time it works. But when it stops working, you blow up. "
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Years
Up
Time
" I can't think of anything I would rather do with my money than buy my children the best possible education. "
Niall Ferguson
Money
Children
Best
" President Obama's biggest weakness is weakness. "
Niall Ferguson
President
Biggest
Weakness
" There aren't many people who really put their life on the line for human freedom. "
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Who
Life
Human
" The British press has an insatiable appetite for making public things that should be private. It's a prurience that I've never understood. "
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Things
Understood
Never
" Ask me not, 'Are you rightwing,' but ask me 'Are you a committed believer in individual freedom, the values of the enlightenment?' Then, yeah, if being rightwing means believing Adam Smith was right, both in the 'Wealth of Nations' and the 'Theory of Moral Sentiments,' then I'm rightwing. "
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Freedom
Moral
Values
" A historian is battling all the time to remember as much as possible. "
Niall Ferguson
Time
Possible
Remember
" As a teacher, my strategy is to encourage questioning. I'm the least authoritarian professor you'll ever meet. "
Niall Ferguson
Encourage
You
Teacher
" Civilisation is partly about restraining the male of the species from engaging in the violence of the hunter-gatherer period. But it doesn't take an awful lot to unleash it. "
Niall Ferguson
Engaging
Violence
Species
" I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in financial history. "
Niall Ferguson
Think
History
Management
" Risk models are a substitute for historical knowledge, because they tend to work with just three years' worth of data. But three years is not a long time in financial history. "
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Knowledge
Long
Time
" The great thing about behavioural psychology and economics is that they help us to see that there are actually pretty good reasons why human beings swing from greed to fear, and why we're not really calculating machines or utility-maximisers. "
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Fear
Good
Great
" If being rightwing is thinking that Karl Marx's doctrine was a catastrophe for humanity, then I'm rightwing. "
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Humanity
Being
Thinking
" As a financial historian, I was quite isolated in Oxford - British historians are supposed to write about kings - so the quality of intellectual life in my field is much higher at Harvard. The students work harder there. "
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Quality
Life
Kings
" When I first came to Oxford, I struggled to feel comfortable in an Anglican, public school-dominated institution. "
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First
Public
Oxford
" I 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
Friends
Work
Think
" My fundamental tenets are concerned with freedom of the individual; the market isn't perfect, but it's the best available way of allocating resources. "
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Resources
Best
Way
" One of the main arguments that I make in my new book, 'The Great Degeneration,' is that the rule of law in the U.S. is becoming the rule of lawyers. "
Niall Ferguson
Law
Lawyers
Great