A provocative, original and compelling history of catastrophes and their consequences.

Disasters are by their very nature hard to predict. Pandemics, like earthquakes, wildfires, financial crises and wars, are not normally distributed; there is no cycle of history to help us anticipate the next catastrophe. But when disaster strikes, we ought to be better prepared than the Romans were when Vesuvius erupted or medieval Italians when the Black Death struck. We have science on our side, after all. Yet the responses of a number of devloped countries to a new pathogen from China were badly bungled. Why?

The facile answer is to blame poor leadership. While populist rulers have certainly performed poorly in the face of the pandemic, more profund problems have been exposed by COVID-19. Only when we understand the central challenge posed by disaster in history can we see that this was also a failure of an administrative state and of economic elites that had grown myopic over much longer than just a few years. Why were so many Cassandras for so long ignored? Why did only some countries learn the right lessons from SARS and MERS? Why do appeals to 'the science' often turn out to be mere magical thinking?

Drawing from multiple disciplines, including history, economics and network science, Doom: The Politics Of Catastrophe is a global post mortem for a plague year. Drawing on preoccupations that have shaped his books for some twenty years, Niall Ferguson describes the pathologies that have done us so much damage: from imperial hubris to bureaucratic sclerosis and online schism. COVID-19 was a test failed by countries who must learn some serious lessons from history if they are to avoid the doom of irreversible decline.

Niall Ferguson's acclaimed bestseller on the highs and lows of Britain's empire Once vast swathes of the globe were coloured imperial red and Britannia ruled not just the waves, but the prairies of America, the plains of Asia, the jungles of Africa and the deserts of Arabia. Just how did a small, rainy island in the North Atlantic achieve all this? And why did the empire on which the sun literally never set finally decline and fall? Niall Ferguson's acclaimed Empire brilliantly unfolds the imperial story in all its splendours and its miseries, showing how a gang of buccaneers and gold-diggers planted the seed of the biggest empire in all history - and set the world on the road to modernity. 'The most brilliant British historian of his generation ... Ferguson examines the roles of "pirates, planters, missionaries, mandarins, bankers and bankrupts" in the creation of history's largest empire ... he writes with splendid panache ... and a seemingly effortless, debonair wit' Andrew Roberts 'Dazzling ... wonderfully readable' New York Review of Books 'A remarkably readable precis of the whole British imperial story - triumphs, deceits, decencies, kindnesses, cruelties and all' Jan Morris 'Empire is a pleasure to read and brims with insights and intelligence' Sunday Times

'Magisterial ... Immensely readable' Douglas Alexander, Financial Times 'Insightful, productively provocative and downright brilliant' New York Times A compelling history of catastrophes and their consequences, from 'the most brilliant British historian of his generation' (The Times) Disasters are inherently hard to predict. But when catastrophe strikes, we ought to be better prepared than the Romans were when Vesuvius erupted or medieval Italians when the Black Death struck. We have science on our side, after all. Yet the responses of many developed countries to a new pathogen from China were badly bungled. Why? While populist rulers certainly performed poorly in the face of the pandemic, Niall Ferguson argues that more profound pathologies were at work - pathologies already visible in our responses to earlier disasters. Drawing from multiple disciplines, including economics and network science, Doom: The Politics of Catastrophe offers not just a history but a general theory of disaster. As Ferguson shows, governments must learn to become less bureaucratic if we are to avoid the impending doom of irreversible decline. 'Stimulating, thought-provoking ... Readers will find much to relish' Martin Bentham, Evening Standard

"All disasters are in some sense man-made." Setting the annus horribilis of 2020 in historical perspective, Niall Ferguson explains why we are getting worse, not better, at handling disasters. Disasters are inherently hard to predict. Pandemics, like earthquakes, wildfires, financial crises. and wars, are not normally distributed; there is no cycle of history to help us anticipate the next catastrophe. But when disaster strikes, we ought to be better prepared than the Romans were when Vesuvius erupted, or medieval Italians when the Black Death struck. We have science on our side, after all. Yet in 2020 the responses of many developed countries, including the United States, to a new virus from China were badly bungled. Why? Why did only a few Asian countries learn the right lessons from SARS and MERS? While populist leaders certainly performed poorly in the face of the COVID-19 pandemic, Niall Ferguson argues that more profound pathologies were at work--pathologies already visible in our responses to earlier disasters. In books going back nearly twenty years, including Colossus, The Great Degeneration, and The Square and the Tower, Ferguson has studied the foibles of modern America, from imperial hubris to bureaucratic sclerosis and online fragmentation. Drawing from multiple disciplines, including economics, cliodynamics, and network science, Doom offers not just a history but a general theory of disasters, showing why our ever more bureaucratic and complex systems are getting worse at handling them. Doom is the lesson of history that this country--indeed the West as a whole--urgently needs to learn, if we want to handle the next crisis better, and to avoid the ultimate doom of irreversible decline.

Bread, cash, dosh, dough, loot. Call if what you like, it matters now more than ever. In The Ascent of Money, Niall Ferguson shows that financial history is the back-story to all history. From the banking dynasty who funded the Italian Renaissance to the stock market bubble that caused the French Revolution, this is the story of booms and busts as it's never been told before. With the world in the grip of the biggest financial crisis since the Great Depression, there's never been a better time to understand the ascent - and descent - of money. 'Beautifully written ... Breathtakingly clever' Sunday Telegraph 'A lucid and racy account of financial history' New Statesman 'A fine, readable and entertaining history' Dominic Sandbrook, Daily Telegraph, Books of the Year 'The tales he tells of boom and bust, of triumph and disaster, of bubbles that inflate ... are the very essence of financial history' Bill Emmott, Financial Times 'An often enlightening and enjoyable tour through the underside of great events, a lesson in how the most successful great powers have always been underpinned by smart money' Robert Skidelsky, New York Review of Books

Few economic events have had a more profound or enduring impact than the German hyperinflation of 1923, still remembered popularly as a root cause of Hitler's rise to power. Yet in recent years many historians have argued that inflationary policies were, on balance, advantageous to post-1918 Germany, both boosting growth and helping to reduce reparations. The scholarly consensus is that there was no viable alternative to inflation. In Paper and iron Niall Ferguson takes a different view. Focusing on the influential Hamburg business community, he exposes the flaws in the contemporary justifications for inflationary policies. The inflation, he argues, did severe damage to the German economy by eroding the foundations of bourgeois society and discrediting Weimar's welfare state. Above all, it did nothing whatever to reduce reparations. Alternative policies might in fact have stabilised the German currency in 1920. To explain why such policies were not adopted, the author points to long-term defects in the political economy of the Reich. He suggests that there was a thirty-year 'era of inflation' after 1897 in which the inadequacy of the Reich's fiscal and monetary institutions allowed economic interest groups to wield excessive power. This internal imbalance of power was reversed only in the 1930s. Thus Paper and iron reveals not only the Wilhelmine origins of Weimar's failure; it also casts new light upon the origins of the Third Reich.

From the bestselling author of The Ascent of Money and The Square and the Tower, the definitive biography of Henry Kissinger, based on unprecedented access to his private papers. Winner of the Council on Foreign Relations Arthur Ross Book Award No American statesman has been as revered or as reviled as Henry Kissinger. Once hailed as "Super K"-the "indispensable man" whose advice has been sought by every president from Kennedy to Obama-he has also been hounded by conspiracy theorists, scouring his every "telcon" for evidence of Machiavellian malfeasance. Yet as Niall Ferguson shows in this magisterial two-volume biography, drawing not only on Kissinger's hitherto closed private papers but also on documents from more than a hundred archives around the world, the idea of Kissinger as the ruthless arch-realist is based on a profound misunderstanding. The first half of Kissinger's life is usually skimmed over as a quintessential tale of American ascent: the Jewish refugee from Hitler's Germany who made it to the White House. But in this first of two volumes, Ferguson shows that what Kissinger achieved before his appointment as Richard Nixon's national security adviser was astonishing in its own right. Toiling as a teenager in a New York factory, he studied indefatigably at night. He was drafted into the U.S. infantry and saw action at the Battle of the Bulge-as well as the liberation of a concentration camp-but ended his army career interrogating Nazis. It was at Harvard that Kissinger found his vocation. Having immersed himself in the philosophy of Kant and the diplomacy of Metternich, he shot to celebrity by arguing for "limited nuclear war." Nelson Rockefeller hired him. Kennedy called him to Camelot. Yet Kissinger's rise was anything but irresistible. Dogged by press gaffes and disappointed by "Rocky," Kissinger seemed stuck-until a trip to Vietnam changed everything. The Idealist is the story of one of the most important strategic thinkers America has ever produced. It is also a political Bildungsroman, explaining how "Dr. Strangelove" ended up as consigliere to a politician he had always abhorred. Like Ferguson's classic two-volume history of the House of Rothschild, Kissinger sheds dazzling new light on an entire era. The essential account of an extraordinary life, it recasts the Cold War world.

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.

`No civilization, no matter how mighty it may appear to itself, is indestructible.' -Niall Ferguson `We do not need to invent the world anew. The international order established by the United States after World War II is in need of expansion and repair, but not reconception.' -Fareed Zakaria Across the Western world more and more countries are looking inwards - national borders reasserted, national interests re-emphasised and nationalism on the rise once again. Fears of a globalized world are rampant. Could this be the end of the liberal international order?

Conventional wisdom has long claimed that economic change is the prime mover of political change, whether in the age of industry or Internet. But is it? Ferguson thinks it is high time we re-examined the link-the nexus, in Thomas Carlyle's phrase-between economics and politics. His central argument is that the conflicting impulses of sex, violence, and power are together more powerful than money. Among Ferguson's startling claims are: * Nothing has done more to transform the world economy than war, yet wars themselves do not have primarily economic causes. * The present age of economic globalization is coinciding-paradoxically-with political and military fragmentation. * Financial crises are frequently caused by unforeseen political events rather than economic fluctuations. * The relationship between prosperity and government popularity is largely illusory. * Since political and economic liberalization are not self-perpetuating, the so-called triumph of democracy worldwide may be short-lived. * A bold synthesis of political history and modern economic theory, Cash Nexus will transform the landscape of modern history and draw challenging conclusions about the prospects of both capitalism and democracy.

Niall Ferguson's House of Rothschild: Money's Prophets 1798-1848 was hailed as "definitive" by the New York Times, a "great biography" by Time magazine, and was named one of the Ten Best Books of 1998 by Business Week. Now, Ferguson concludes his myth--breaking portrait of one of the most powerful families of modern times at the zenith of its power. From Crimea to World War II, wars repeatedly threatened the stability of the Rothschild's worldwide empire. Despite these upheavals, theirs remained the biggest bank in the world up until the First World War. Yet the Rothschild's failure to establish themselves successfully in the United States proved fateful, and as financial power shifted from London to New York after 1914, their power waned. At once a classic family saga and major work of economic, social and political history, The House of Rothschild is the riveting story of an unparalleled dynasty.

THE NEW YORK TIMES BESTSELLER 'Silicon Valley needed a history lesson and Ferguson has provided it' Eric Schmidt Most history is about the people at the top of the towers of power. But what if the real action is in the social networks down below, in the town squares? Niall Ferguson, the international bestselling author of Empire, The Ascent of Money and Civilization, brilliantly recasts past and present as an unending contest between hierarchies and networks. 'Provocative, snappy, a rare book ... fasten your seatbelts' Peter Frankopan, Daily Telegraph 'Immensely stimulating, absorbing, illuminating ... sends ideas blazing all over the place ... one of the best popular historians of our time' David Goodhart, Prospect 'Powerful, fast-paced ... a pull-yourself-together warning to the present by way of arresting historical precedent' Andrew Anthony, Guardian 'Captivating and compelling' Jonathan A. Knee, The New York Times

Western civilization's rise to global dominance is the single most important historical phenomenon of the past five centuries
How did the West overtake its Eastern rivals? And has the zenith of Western power now passed? Acclaimed historian Niall Ferguson argues that beginning in the fifteenth century, the West developed six powerful new concepts, or "killer applications"--competition, science, the rule of law, modern medicine, consumerism, and the work ethic--that the Rest lacked, allowing it to surge past all other competitors.
Yet now, Ferguson shows how the Rest have downloaded the killer apps the West once monopolized, while the West has literally lost faith in itself. Chronicling the rise and fall of empires alongside clashes (and fusions) of civilizations, "Civilization: The West and the Rest " recasts world history with force and wit. Boldly argued and teeming with memorable characters, this is Ferguson at his very best.

The beginning of the twentieth century saw human civilization at its most enlightened, well-educated, globalized and wealthy. What turned it into a bloodbath? Niall Ferguson re-tells the story of history's most savage century as a continual war that raged for 100 years. From the plains of Poland to the killing fields of Cambodia, he reveals how economic boom-and-bust, decaying empires and, above all, poisonous ideas of race led men to treat each other as aliens. It was an age of hatred that ended with the twilight, not the triumph, of the West. And, he shows, it could happen all over again. 'A heartbreaking, serious and thoughtful survey of human evil that is utterly fascinating and dramatic' Simon Sebag Montefiore, The New York Times 'Unputdownable, controversial, compelling' Independent on Sunday 'The grenade lobbed into the cosy tea party of received wisdom' Max Hastings 'A big, bold and brilliantly belligerent book' Sunday Telegraph 'History at its most controversial ... no one can afford to overlook it' Allan Mallinson 'Hums with energy, quotable insights and pithy summaries' Observer 'Gripping' Tristram Hunt

In his rich and nuanced portrait of the remarkable, elusive Rothschild family, Oxford scholar and bestselling author Niall Ferguson uncovers the secrets behind the family's phenomenal economic success. He reveals for the first time the details of the family's vast political network, which gave it access to and influence over many of the greatest statesmen of the age. And he tells a family saga, tracing the importance of family unity and the profound role of Judaism in the lives of a dynasty that rose from the confines of the Frankfurt ghetto and later used its influence to assist oppressed Jews throughout Europe. A definitive work of impeccable scholarship with a thoroughly engaging narrative, The House of Rothschild is a biography of the rarest kind, in which mysterious and fascinating historical figures finally spring to life.

From the vantage point of the United States or Western Europe, the 1970s was a time of troubles: economic "stagflation," political scandal, and global turmoil. Yet from an international perspective it was a seminal decade, one that brought the reintegration of the world after the great divisions of the mid-twentieth century. It was the 1970s that introduced the world to the phenomenon of "globalization," as networks of interdependence bound peoples and societies in new and original ways.

The 1970s saw the breakdown of the postwar economic order and the advent of floating currencies and free capital movements. Non-state actors rose to prominence while the authority of the superpowers diminished. Transnational issues such as environmental protection, population control, and human rights attracted unprecedented attention. The decade transformed international politics, ending the era of bipolarity and launching two great revolutions that would have repercussions in the twenty-first century: the Iranian theocratic revolution and the Chinese market revolution.

"The Shock of the Global" examines the large-scale structural upheaval of the 1970s by transcending the standard frameworks of national borders and superpower relations. It reveals for the first time an international system in the throes of enduring transformations.

Few economic events have had the impact of German hyperinflation in 1923, still remembered as a root cause of Hitler's rise to power; yet in recent years historians have defended the inflationary policies adopted after 1918. Niall Ferguson takes a different view. He argues that inflation was an economic and political disaster, and that alternative economic policies could have stabilized the German currency in 1920. To explain why these were not adopted, he points to long-term defects in the political institutions of the Reich from the 1890s. The book therefore not only reveals the Wilhelmine origins of Weimar's failure: it also casts new light on the origins of the Third Reich.

What if there had been no American War of Independence? What if Hitler had invaded Britain? What if Kennedy had lived? What if Russia had won the Cold War? Niall Ferguson, author of the highly acclaimed The Pity of War , leads the charge in this historically rigorous series of separate voyages into imaginary time" and provides far-reaching answers to these intriguing questions.Ferguson's brilliant 90-page introduction doubles as a manifesto on the methodology of counter-factual history. His equally masterful afterword traces the likely historical ripples that would have proceeded from the maintenance of Stuart rule in England. This breathtaking narrative gives us a convincing, detailed alternative history" of the West,from the accession of James III" in 1701, to a Nazi-occupied England, to a U.S. Prime Minister Kennedy who lives to complete his term.

Featured on CNN, NPR, PBS, FOX, and CBS, "Dead Aid "describes the state of postwar development policy in Africa today and unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined--and millions continue to suffer. Dambisa Moyo illuminates the way in which overreliance on aid has trapped developing nations in a vicious cycle of aid dependency, corruption, market distortion, and further poverty. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries that guarantees economic growth and a significant decline in poverty.
Much debated in the United States and the United Kingdom on publication, and the subject of intense media coverage, "Dead Aid "is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.

A richly original look at the origins of money and how it makes the world go ?round
Niall Ferguson follows the money to tell the human story behind the evolution of our financial system, from its genesis in ancient Mesopotamia to the latest upheavals on what he calls Planet Finance. What's more, Ferguson reveals financial history as the essential backstory behind all history, arguing that the evolution of credit and debt was as important as any technological innovation in the rise of civilization. As Ferguson traces the crisis from ancient Egypt's Memphis to today's Chongqing, he offers bold and compelling new insights into the rise? and fall?of not just money but Western power as well.

Winner of the Estoril Global Issues Distinguished Book Prize 2013 In 1412, Europe was a miserable backwater ravaged by plague, bad sanitation and incessant war, while the Orient was home to dazzling civilizations. Yet, somehow, the West came to dominate the Rest for most of the next half millennium. In this vital, brilliant book, Niall Ferguson reveals the six 'killer applications' that the Rest lacked: competition, science, property rights, medicine, consumerism and the work ethic. And he asks: do we still have these winning tools? Or is this the end of Western ascendancy? 'Brilliantly written, full of wit and virtuosity, stuffed with memorable lines and gorgeous bits of information. A great read' The Times 'A dazzling history of Western ideas ... epic' Economist 'Vivid and fascinating' Daily Telegraph 'Superb ... brings history alive ... dazzling' Independent 'This is sharp. It feels urgent. Ferguson ... twists his knife with great literary brio' Andrew Marr, Financial Times

Edited by Niall Ferguson, Virtual History applies 'counterfactual' arguments to decisive moments in modern history. What if Britain had stayed out of the First World War? What if Germany had invaded Britain in 1940? What if Nazi Germany had defeated the Soviet Union? How would England look if there had been no Cromwell? What if there had been no American Revolution? And what if John F. Kennedy had lived? In this acclaimed book, leading historians from Andrew Roberts to Michael Burleigh challenge the complacency of traditional accounts, exploring what might have been if nine of the most decisive moments in modern history had never happened. 'Quite brilliant, inspiring for the layman and an enviable tour de force for the informed reader ... A wonderful book ... lucid, exciting and easy to read' - Literary Review 'Ferguson constructs an entire scenario starting with Charles I's defeat of the Covenanters, running through three revolutions that did not happen and climaxing with the collapse of the West, ruled by an Anglo-American empire, in the face of a mighty transcontinental, tsarist Russian imperium ... A welcome, optimistic assault on an intellectual heresy' - Sunday Times 'A talented and imaginative team who tackle with counterfactual verve a series of turning points' - Daily Telegraph

More than any other event, the First World War made the twentieth century what it has been. In this boldly conceived book, aimed to appeal not only to students but also to the general reader, Niall Ferguson explodes many of the myths surrounding the war.

The British Empire was the largest in all history: the nearest thing to world domination ever achieved. By the eve of World War II, around a quarter of the world's land surface was under some form of British rule. Yet for today's generation, the British Empire seems a Victorian irrelevance. The time is ripe for a reappraisal, and in Empire, Niall Ferguson boldly recasts the British Empire as one of the world's greatest modernizing forces.An important new work of synthesis and revision, Empire argues that the world we know today is in large measure the product of Britain's Age of Empire. The spread of capitalism, the communications revolution, the notion of humanitarianism, and the institutions of parliamentary democracy-all these can be traced back to the extraordinary expansion of Britain's economy, population, and culture from the seventeenth century until the mid-twentieth. On a vast and vividly colored canvas, Empire shows how the British Empire acted as midwife to modernity.Displaying the originality and rigor that have made him the brightest light among British historians, Ferguson shows that the story of the Empire is pregnant with lessons for today-in particular for the United States as it stands on the brink of a new era of imperial power, based once again on economic and military supremacy. A dazzling tour de force, Empire is a remarkable reappraisal of the prizes and pitfalls of global empire.