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Niall Ferguson



Ferguson is currently working on a biography of former United States Secretary of State Henry Kissinger[9].

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Commentator

As a commentator on events, Ferguson supported the 2003 Invasion of Iraq. Ferguson has criticized many of its subsequent implementation and organizational problems.

Ferguson has often disparaged the European Union as a disaster waiting to happen and President Vladimir Putin of Russia for authoritarianism. In Ferguson's view, Putin's policies stand to lead Russia to catastrophes equivalent to those that befell Germany during the Nazi era. Ferguson has occasionally supported the policies of George W. Bush, especially his foreign policy, but sees the economic and financial policies of the Bush administration as potentially putting the economic health of the United States at serious risk and he opposed Bush's reelection in 2004 ([10]). Ferguson believes that if the United States does not sharply cut social spending in the next decade or so, then the drain on the Treasury by retiring Baby-boomers stands to create a serious financial crisis. In Ferguson's view, Bush has not done enough to cut what Ferguson calls "entitlements" in the area of social spending.

Peter Wilby described him as "almost the only right-wing columnist now worth reading", but has compared his imperialist views to those who support Stalin's Terror.[11]

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Economic policy

In its August 15, 2005 edition, The New Republic published "The New New Deal", an essay by Ferguson and Laurence J. Kotlikoff, a Professor of Economics at Boston University. The two scholars called for the following changes to the American government's fiscal and income security policies:

  • Replacing the personal income tax, corporate income tax, FICA payroll tax, estate tax, and gift tax with a 33% Federal Retail Sales Tax (FRST), plus a monthly rebate, amounting to the FRST a household with similar demographics would pay if its income were at the poverty line. See also: FairTax;
  • Replacing the Old Age benefits paid under Social Security with a Personal Security System (PSS), consisting of private retirement accounts for all citizens, plus a government benefit payable to those whose savings were insufficient to afford a minimum retirement income;
  • Replacing Medicare and Medicaid with a Medical Security System (MSS) that would provide health insurance vouchers to all citizens, the value of which would be determined by one's health;
  • Cutting federal discretionary spending by 20%.

A recent New Republic piece with Harvard's Samuel J. Abrams explored attitudes towards immigration in Europe and the United States

Recently Ferguson was appointed as an Investment Management Consultant by GLG Partners focusing on geopolitical risk as well as current structural issues in economic behaviour relating to investment decisions. GLG is a UK based hedge fund manager, one of the world's largest, with a recent listing on the New York Stock Exchange.


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Critical Reception

Niall Ferguson's work has received a range of responses from journalists, including praise from The Times[2] and The New York Review of Books[3], as well as criticism from a writer for British newspaper The Independent[4], Johann Hari. His revisionism has received praise from some historians, too, such as David Clay Large, who praised his study of the First World War[5], but others, such as Priyamvada Gopal, are critical of his views[6][7]. Benjamin Wallace-Wells, an editor of The Washington Monthly, has criticised Ferguson for making "sweeping, absolute claims" without sufficient support or any original research to back them up, and of contradicting the academic consensus for the sake of being contrarian.[8] Ferguson denies this [9].

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Notes

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References

  • Snowman, Daniel (2004) "Niall Ferguson," History Today 54(10): 37-39.

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Bibliography

  • War of the World: History's Age of Hatred, 1914-1989, Allen Lane, 2006 ISBN 0-7139-9708-7 (Now a major Channel 4 series)
  • (2003) Empire: The Rise and Demise of the British World Order. Basic Books. ISBN 0-465-02328-2. 
  • 1914: Why the World Went to War, Penguin, 2005. ISBN 0-14-102220-5
  • Colossus: the Rise and Fall of the American Empire, Allen Lane, 2004. ISBN 0-7139-9770-2
  • Empire: The Rise and Demise of the British World Order and Lessons for Global Power, Allen Lane, 2003. ISBN 0-7139-9615-3
  • The Cash Nexus: Money and Power in the Modern World, 1700-2000, London: Allen Lane/Penguin Press, 2001. ISBN 0-7139-9465-7
  • Virtual History: Alternatives and Counterfactuals, Macmillan Pub Ltd, 1997. ISBN 0-330-35132-X. Basic Books, 1999. ISBN 0-465-02322-3
  • The Pity of War: Explaining World War I, London: Allen Lane/Penguin Press, 1998. ISBN 0-14-027523-1. Basic Books, 1999, ISBN 0-465-05711-X
  • The House of Rothschild: The World's Banker, 1849-1999, Viking Books, 1999. ISBN 0-670-88794-3
  • The World's Banker: The History of the House of Rothschild, Weidenfeld & Nicolson, 1998, ISBN 0-297-81539-3
  • The House of Rothschild: Money's Prophets 1798-1848, Viking Books, 1998. ISBN 0-670-85768-8
  • Paper and Iron : Hamburg Business and German Politics in the Era of Inflation, 1897-1927, Cambridge University Press, 1995. ISBN 0-521-47016-1

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External links




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