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" The Economist in a review wrote: "Mr Ferguson starts with the overwhelming success of European civilisation.In 1500 Europe's future imperial powers controlled 10% of the world's territories and generated just over 40% of its wealth.While researching this book, in early 2007, Ferguson attended a session at a conference in Las Vegas at which a hedge fund manager stated there would never be another recession.Ferguson challenged this, and later the two agreed on a ,000, 7 to 1 bet, that there would be a recession within five years. Published in 2011, Civilization: The West and the Rest examines what Ferguson calls the most "interesting question" of our day: "Why, beginning around 1500, did a few small polities on the western end of the Eurasian landmass come to dominate the rest of the world?He then became a fellow and tutor in modern history at Jesus College, Oxford, where in 2000 he was a professor of political and financial history.In 2002 Ferguson was the John Herzog Professor in Financial History at New York University Stern School of Business, and since 2004 he has been the Laurence A.

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In the lecture, Ferguson says young voters should be more supportive of government austerity measures if they do not wish to pay further down the line for the profligacy of the baby boomer generation.Tisch Professor of History at Harvard University and William Ziegler Professor of Business Administration at Harvard Business School.From 2010 to 2011, Ferguson held the Philippe Roman Chair in history and international affairs at the London School of Economics.As with his earlier work Empire, War of the World was accompanied by a Channel 4 television series presented by Ferguson.Published in 2008, The Ascent of Money examines the history of money, credit, and banking.

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