The Great Degeneration: How Institutions Decay and Economies Die

The Great Degeneration: How Institutions Decay and Economies Die by Niall Ferguson.

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.

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