Government Books

Does money make the world go round, as Cabaret's Master of Ceremonies sang to us? In The Cash Nexus, acclaimed historian Niall Ferguson offers a radical and surprising answer-No. Conventional wisdom has long claimed that economic change is the prime mover of political change, whether in the age of industry or the Internet. In our own time Paul Kennedy has claimed that economics provided the key to international power, while Francis Fukuyama and others have argued that capitalism doomed socialism and ensured the victory of democracy. Small wonder politicians are obsessed with the economy: the Clinton campaign motto-"It's the economy stupid" -sums up a central tenet of modern life. But is it the economy? Ferguson thinks it is high time we re-examined the link-the "nexus," to use Thomas Carlyle's term-between economics and politics, in the aftermath not only of the failure of socialism but also of the apparent triumph of American-style capitalism. His central argument is that the conflicting impulses of sex, violence, and power are together more powerful than money. In particular, political events and institutions have often dominated economic development. A bold synthesis of political history and modern economic theory, Cash Nexus will transform the landscape of modern history and draw challenging and unsettling conclusions about the prospects of both capitalism and democracy.

From the bestselling author of The Ascent of Money and The Square and the Tower Is America an empire? Certainly not, according to our government. Despite the conquest of two sovereign states in as many years, despite the presence of more than 750 military installations in two thirds of the world’s countries and despite his stated intention "to extend the benefits of freedom...to every corner of the world," George W. Bush maintains that "America has never been an empire." "We don’t seek empires," insists Defense Secretary Rumsfeld. "We’re not imperialistic." Nonsense, says Niall Ferguson. In Colossus he argues that in both military and economic terms America is nothing less than the most powerful empire the world has ever seen. Just like the British Empire a century ago, the United States aspires to globalize free markets, the rule of law, and representative government. In theory it’s a good project, says Ferguson. Yet Americans shy away from the long-term commitments of manpower and money that are indispensable if rogue regimes and failed states really are to be changed for the better. Ours, he argues, is an empire with an attention deficit disorder, imposing ever more unrealistic timescales on its overseas interventions. Worse, it’s an empire in denial—a hyperpower that simply refuses to admit the scale of its global responsibilities. And the negative consequences will be felt at home as well as abroad. In an alarmingly persuasive final chapter Ferguson warns that this chronic myopia also applies to our domestic responsibilities. When overstretch comes, he warns, it will come from within—and it will reveal that more than just the feet of the American colossus is made of clay.

Is China's rise unstoppable? Powered by the human capital of 1.3 billion citizens, the latest technological advances, and a comparatively efficient system of state-directed capitalism, China seems poised to become the global superpower this century. But the Middle Kingdom also faces a series of challenges. From energy scarcity to environmental degradation to political unrest and growing global security burdens, a host of factors could derail China's global ascent. In this edition of The Munk Debates ― Canada's premier international debate series ― former U.S. Secretary of State Henry Kissinger and CNN's Fareed Zakaria square off against leading historian Niall Ferguson and world-renowned economist David Daokui Li to debate the biggest geopolitical issue of our time: Does the 21st century belong to China? Highly electrifying and thoroughly engrossing, the Munk Debate on China is the first formal public debate Dr. Kissinger has participated in on China's future, and includes exclusive interviews with Henry Kissinger and David Daokui Li.

In the sweep of human history, the European Union stands out as one of humankind's most ambitious endeavours. It encompasses half a billion people, twenty-seven member states, twenty-three languages, and an economy valued at over $15 trillion. Modern Europe's stunning achievements aside, its sovereign debt crisis has shaken the world's largest political and economic union to its core. Can the federal institutions and shared values of Europeans meet the challenges of debt crisis that are as much political as economic? Or, are Europe's current woes indicative of a series of deep structural faults that foreshadow the breakup and failure of the European Union? In this edition of the Munk Debates -- Canada's premier international debate series -- former EU Commissioner Lord Peter Mandelson and EU parliament co-president of the Greens/European Free Alliance Group Daniel Cohn-Bendit, German publisher-editor and author Josef Joffe, and renowned economic historian Niall Ferguson debate the future of the EU -- one of the most pressing global issues of our day. For the first time ever, this electrifying debate, which played to a sold-out audience, is now available in print, along with candid interviews with Niall Ferguson and Lord Peter Mandelson. As youth unemployment rates flare, currencies collapse, and political alliances erode, the Munk Debate on Europe tries to answer: Has the great European experiment failed?

From the bestselling author of The Ascent of Money and The Square and the Tower, 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.

The instant New York Times bestseller. A brilliant recasting of the turning points in world history, including the one we're living through, as a collision between old power hierarchies and new social networks. “Captivating and compelling.” — The New York Times "Niall Ferguson has again written a brilliant book...In 400 pages you will have restocked your mind. Do it." —The Wall Street Journal “ The Square and the Tower, in addition to being provocative history, may prove to be a bellwether work of the Internet Age.” — Christian Science Monitor Most history is hierarchical: it's about emperors, presidents, prime ministers and field marshals. It's about states, armies and corporations. It's about orders from on high. Even history "from below" is often about trade unions and workers' parties. But what if that's simply because hierarchical institutions create the archives that historians rely on? What if we are missing the informal, less well documented social networks that are the true sources of power and drivers of change? The 21st century has been hailed as the Age of Networks. However, in The Square and the Tower , Niall Ferguson argues that networks have always been with us, from the structure of the brain to the food chain, from the family tree to freemasonry. Throughout history, hierarchies housed in high towers have claimed to rule, but often real power has resided in the networks in the town square below. For it is networks that tend to innovate. And it is through networks that revolutionary ideas can contagiously spread. Just because conspiracy theorists like to fantasize about such networks doesn't mean they are not real. From the cults of ancient Rome to the dynasties of the Renaissance, from the founding fathers to Facebook, The Square and the Tower tells the story of the rise, fall and rise of networks, and shows how network theory--concepts such as clustering, degrees of separation, weak ties, contagions and phase transitions--can transform our understanding of both the past and the present. Just as The Ascent of Money put Wall Street into historical perspective, so The Square and the Tower does the same for Silicon Valley. And it offers a bold prediction about which hierarchies will withstand this latest wave of network disruption--and which will be toppled.

The twentieth semi-annual Munk Debate pits Niall Ferguson against Fareed Zakaria to debate the end of the liberal international order. Since the end of World War II, global affairs have been shaped by the increasing free movement of people and goods, international rules setting, and a broad appreciation of the mutual benefits of a more interdependent world. Together these factors defined the liberal international order and sustained an era of rising global prosperity and declining international conflict. But now, for the first time in a generation, the pillars of liberal internationalism are being shaken to their core by the reassertion of national borders, national interests, and nationalist politics across the globe. Can liberal internationalism survive these challenges and remain the defining rules-based system of the future? Or, are we witnessing the beginning of the end of the liberal international order? The twentieth semi-annual Munk Debate, held on April 28th, 2017, pits prominent historian Niall Ferguson against CNN’s Fareed Zakaria to debate the future of liberal internationalism.