Release of his book, "Colossus: The Price of America's Empire".
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Prof. Niall Ferguson | Professor Niall Ferguson
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We have fallen into the trap of believing that very, very complex laws addressing every conceivable contingency are good. But,in fact, common-law systems in England and in North America were once highly conducive to economic innovation because they adapted, they were evolutionary rather than prescriptive. We have slipped into what I call codification mania, a very dangerous road to go down, ...
Niall Ferguson is a professor of history at Harvard University.