Wednesday 4 February 2009

CBC Our world The great recession with Niall Ferguson 1/3

But our guest today, historian Niall Ferguson, suggests we take the long view. The economic system in undergoing a Darwinian style struggle which is killing off failed ecomomic practices. Two years ago he started writing a book that chronicles the financial history of the world, showing how societies rise and fall on their financial fortuntes.

He predicted at the time that our current economic system was dangerously unstable; too dependent on credit and buried under unsustainable debt. Well, now he has been proven right, and his book "The Ascent of Money" could not be more timely. This Harvard and Oxford based professor has been called "one of the 100 most influential voices in the world" by Time Magazine. Brian met with Niall Ferguson recently.We present their conversation.

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