Ferguson has been referred to as a
conservative historian by some commentators and fellow historians. Ferguson himself stated in a 2018 interview on the
Rubin Report that his views align to
classical liberalism, and has referred to himself as a "classic
Scottish enlightenment liberal" on other occasions. Some of his research and conclusions have been criticised by commentators on the
political left.
World War I In 1998, Ferguson published
The Pity of War: Explaining World War One, which with the help of
research assistants he was able to write in just five months. • That most people were happy with the outbreak of war in 1914 (Ferguson claims that most Europeans were saddened by the coming of war). In Ferguson's view, had Germany won World War I, then the lives of millions would have been saved, something like the
European Union would have been founded in 1914, and Britain would have remained an empire as well as the world's dominant financial power. About
The Pity of War, the American academic
Michael Lind wrote: Like the historian
John Charmley, who expressed the same wish in the case of World War II, Ferguson belongs to the fringe element of British conservatism that regrets the absence of a German-British deal in the first half of the 20th century that would have marginalized the United States and might have allowed the British Empire to survive to this day. According to Ferguson, Britain should have stayed out of World War I and allowed Imperial Germany to smash France and Russia and create a continental empire from the Atlantic to the Middle East. The joke is on Ferguson's
American conservative admirers, inasmuch as he laments the defeat of the Kaiser's Germany because it accelerated the replacement of the British Empire by the United States of America and the eclipse of the City of London by Wall Street. Weinberg accused Ferguson of completely ignoring the chief foreign policy aim of
Wilhelm II from 1897 onwards, namely
Weltpolitik ("World Politics"), and argued it was absurd for Ferguson to claim that allowing Germany to defeat France and Russia would have posed no danger to Britain. The books won the Wadsworth Prize for Business History and were also short-listed for the
Jewish Quarterly-Wingate Literary Award and the
American National Jewish Book Award. Marxist historian
Eric Hobsbawm had praised Ferguson as an excellent historian but criticised him as a "nostalgist for empire". In a mixed review of a later book by Ferguson, ''The War of the World: History's Age of Hatred
, a reviewer for The Economist'' described how many regard Ferguson's two books on the Rothschilds "as one of the finest studies of its kind". Jeremy Wormell wrote that while ''The World's Banker: A History of the House of Rothschild'' had its virtues, it contained "many errors" which meant it was "unsafe to use it as a source for the debt markets". Writing in
The New York Review of Books, Robert Skidelsky praised Ferguson, stating: "Taken together, Ferguson's two volumes are a stupendous achievement, a triumph of historical research and imagination. No serious historian can write about the connection between the politics, diplomacy, and economics of the nineteenth century in the same way again. And, as any good work of history should do, it constantly prompts us to ask questions about our own age, when once again we have embarked on the grand experiment of a world economy without a world government."
Counterfactual history Ferguson sometimes uses counterfactual history, also known as "speculative" or "hypothetical" history, and edited a collection of essays, titled
Virtual History: Alternatives and Counterfactuals (1997), exploring the subject. Ferguson likes to imagine alternative outcomes as a way of stressing the contingent aspects of history. For Ferguson, great forces don't make history; individuals do, and nothing is predetermined. Thus, for Ferguson, there are no paths in history that will determine how things will work out. The world is neither progressing nor regressing; only the actions of individuals determine whether we will live in a better or worse world. His championing of the method has been controversial within the field. In a 2011 review of Ferguson's book
Civilization: The West and the Rest,
Noel Malcolm (senior research fellow in history at
All Souls College at
Oxford University) stated: "Students may find this an intriguing introduction to a wide range of human history; but they will get an odd idea of how historical argument is to be conducted, if they learn it from this book."
Henry Kissinger In 2003, former American secretary of state
Henry Kissinger provided Ferguson with access to his
White House diaries, letters, and archives for what Ferguson calls a "warts-and-all biography" of Kissinger. In 2015, he published the first volume in a two-part biography titled
Kissinger: 1923–1968: The Idealist from Penguin Press. The thesis of this first volume was that Kissinger was greatly influenced in his academic and political development by the philosopher
Immanuel Kant, and especially by an interpretation of Kant that he learned from a mentor at Harvard University,
William Yandell Elliott.
British Empire Ferguson has defended the
British Empire, stating, "I think it's hard to make the case, which implicitly the left makes, that somehow the world would have been better off if the Europeans had stayed home." "informative", "ambitious" and "troubling", to "false and dangerous" apologia.
Richard Drayton,
Rhodes Professor of Imperial History at
King's College London, has stated that it was correct of
Seumas Milne to associate "Ferguson with an attempt to 'rehabilitate empire' in the service of contemporary great power interests". In November 2011,
Pankaj Mishra reviewed
Civilisation: The West and the Rest unfavourably in the
London Review of Books. Ferguson demanded an apology and threatened to sue Mishra on charges of
libel due to allegations of racism. Jon Wilson, a professor of the Department of History at King's College London, is the author of
India Conquered, a 2016 book intended to rebut Ferguson's arguments in
Empire: How Britain Made the Modern World, who catalogues the negative elements of the
British Raj, and describes the
Empire TV program (2003) as "false and dangerous". About Ferguson's claim that Britain "made the modern world" by spreading
democracy,
free trade,
capitalism, the
rule of law,
Protestantism, and the
English language, Wilson charged that Ferguson never explained precisely how this was done, arguing that the reason was the lack of interest in the history of the people ruled by the British on Ferguson's part, who therefore could not perceive that the interaction between the colonisers and the colonised in places like India, where the population embraced aspects of
British culture and rule that were appealing to them while rejecting others that were unappealing. Wilson argues that this interaction between the rulers and the ruled is more complex, and contradicts Ferguson's one-sided picture of the British "transforming" India that portrays the British as active and the Indians as passive. providing a cover comment for her 2005
Eurabia book, in which he stated that "no writer has done more than Bat Ye'or to draw attention to the menacing character of Islamic extremism. Future historians will one day regard her coinage of the term '
Eurabia' as prophetic." Matthew Carr wrote in
Race & Class that "Niall Ferguson, the conservative English historian and enthusiastic advocate of a new American empire, has also embraced the Eurabian idea in a widely reproduced article entitled 'Eurabia?'", in which he laments the "de-Christianization of Europe" and the secularism of the continent that leaves it "weak in the face of fanaticism". Carr adds that "Ferguson sees the recent establishment of a department of
Islamic studies in his (Oxford college) as another symptom of 'the creeping
Islamicization of a decadent
Christendom, and in a 2004 lecture at the
American Enterprise Institute entitled "The End of Europe?" Ferguson struck a similarly
Spenglerian note, conjuring the term "impire" to depict a process in which a 'political entity, instead of expanding outwards towards its periphery, exporting power, implodes—when the energies come from outside into that entity'. In Ferguson's opinion, this process was already under way in a decadent '
post-Christian' Europe that was drifting inexorably towards the dark denouement of a vanquished civilisation and the fatal embrace of Islam. Ferguson deplored the
November 2015 Paris attacks committed by
Islamic State terrorists but stated he was not going to "stand" with the French as he argued that France was a lost cause, a declining state faced with an unstoppable Islamic wave that would sweep away everything that tried to oppose it. Ferguson compared the modern
European Union to the
Western Roman Empire, describing modern Europe as not that different from the world depicted by
Edward Gibbon in his book
The History of the Decline and Fall of the Roman Empire. Ask yourself how effectively we in the West have responded to the rise of militant Islam since the
Iranian Revolution unleashed its
Shi'ite variant and since
9/11 revealed the even more aggressive character of
Sunni Islamism. I fear we have done no better than our grandfathers did. Foreign intervention—the millions of dollars that have found their way from the
Gulf to radical mosques and Islamic centres in the West. Incompetent liberals—the proponents of
multiculturalism who brand any opponent of
jihad an "
Islamophobe". Clueless bankers—the sort who fall over themselves to offer "sharia-compliant" loans and bonds. Fellow travellers—the leftists who line up with the
Muslim Brotherhood to castigate Israel at every opportunity. And the faint-hearted—those who were so quick to
pull out of Iraq in 2009 that they allowed the rump of
al-Qaeda to morph into Isis. A century ago it was the West's great blunder to think it would not matter if
Lenin and his confederates took over the Russian Empire, despite their stated intention to plot
world revolution and overthrow both democracy and capitalism. Incredible as it may seem, I believe we are capable of repeating that catastrophic error. I fear that, one day, we shall wake with a start to discover that the Islamists have repeated the
Bolshevik achievement, which was to acquire the resources and capability to threaten our existence. During a 2018 debate, Ferguson asserted that he is not
anti-immigration or opposed to Muslims but felt that sections of Europe's political and intellectual classes had failed to predict the cultural and political consequences of large scale immigration. He stated that Islam differs from
Judaism and
Christianity through being "designed differently" as a political ideology that does not recognize the separation of mosque with the secular and temporal, and that the Muslim world has mostly followed an opposite trend to
Western society by becoming less secularized and more literal in interpreting
holy scripture. He concluded that if Europe kept pursuing large scale migration from pious Muslim societies combined with poor structures of economic and
cultural integration, especially in an era when existing migrant communities are either unassimilated or loosely integrated into the host society, it is "highly likely" that networks of fundamentalist
dawah will grow in which
Islamic extremists draw in the culturally and economically unassimilated Muslims of immigrant backgrounds. Ferguson observed that even when living in Western nations, both he and his wife
Ayaan Hirsi Ali have to live with permanent security measures as a result of her public critiques of Islam and status as a former Muslim. and he is on record as being not necessarily opposed to future Western incursions around the world. It's all very well for us to sit here in the West with our high incomes and cushy lives, and say it's immoral to violate the
sovereignty of another state. But if the effect of that is to bring people in that country economic and political freedom, to raise their standard of living, to increase their life expectancy, then don't rule it out. Trump eventually won the nomination. After
Brexit, Ferguson stated that Trump could win via the
Electoral College if certain demographics turned out to vote in key
swing states. Three weeks before the 2016 presidential election, after the
Access Hollywood tape scandal, Ferguson stated in an interview that it "was over for Donald Trump", that "Trump had flamed out in all three
Presidential debates", that "I don't think there can be any last minute surprise to rescue him [Trump]", and that there was no hope of Trump winning Independent voters and that Trump was "gone as a candidate", adding that "it seems to me clear that she [Hillary Clinton] is going to be the first female
President of the United States. The only question is how bad does his [Trump's] flaming out affect candidates for the Senate, candidates for the House, further down on the ballot." In 2018, Ferguson argued that a Clinton presidency would have been more disruptive to the United States, and that Clinton would have been "immediately"
impeached as Trump supporters would have likely believed that the election was rigged. Ferguson stated that he regarded himself "in the middle ground" in a generally polarized public and media opinion on
Trump's presidency. He elaborated that while he found Trump's personality "pretty hard to take", he cited several positive achievements undertaken by his administration, including America's stronger economic performance and noted that he found
Trump's foreign policy stances on
China,
North Korea, and the
Middle East an improvement over that of the
Obama administration. He further opined that the media was more focused on Trump's behaviour on social media than the "competent job" being done by members of his administration. In 2019, he wrote an op-ed in
The New York Times arguing that the
China–United States trade war was the beginning of a
Second Cold War between the United States and China, and that despite the risks of the showdown the introduction of an external enemy similar to the
Soviet Union could prove beneficial by reducing
political polarization in the United States. During the
2020 United States presidential election, Ferguson observed that contrary to arguments from Trump's opponents that he only appealed to older White men, statistics showed his support among Black and Latino voters had risen. He opined that
Joe Biden was likely to win the presidency but that the Democratic Party would not see a "
blue wave" of support as it had tried to turn the election into "a referendum on Trump's handling of
COVID-19" when there "hasn't been anything exceptionally bad about American performance", and that the Democrats had misjudged the mood of voters concerned about law and order following the
Black Lives Matter protests. After the election was concluded, Ferguson stated that both Trump and the "
far-left of the Democratic Party" had lost. Ferguson condemned the
2021 United States Capitol attack committed by supporters of Trump, arguing on
Twitter that the participants should be prosecuted and Trump's behaviour had cost the Republicans the Senate. He also argued that politicians who refused to condemn the event were unsuited for office. He argued that
Trumpism was likely to remain a force within American politics and likened it to
Jacobite Pretenders who sought to revolt in order to restore the
House of Stuart to the British royal throne after the
Glorious Revolution. In September 2023, Ferguson again opined that the Democrats were likely to lose the White House to Trump unless Biden stepped down. He compared Trump's bid to
Grover Cleveland who served two non-consecutive terms, argued that Biden was polling similar numbers to
Gerald Ford and
George H. W. Bush ahead of elections they lost after one term, and that Biden's desire to keep
Kamala Harris as a running mate would harm his campaign due to her even poorer approval ratings.
Trump's "New World Order" In an article from November 2016 in
The Boston Globe, Ferguson advised that Trump should support the efforts of the prime minister
Theresa May to have the United Kingdom leave the European Union as the best way of breaking up the European Union, and sign a
free trade agreement with the United Kingdom once Brexit is complete. To stabilise international relations, Ferguson speculated that Trump could give recognition to
Russia as a
great power, and work with Russian president
Vladimir Putin by giving Russia a
sphere of influence in
Eurasia. • Replacing the
personal income tax,
corporate income tax,
Federal Insurance Contributions Act tax (FICA),
estate tax, and
gift tax with a 33% Federal Retail Sales Tax (FRST), plus a monthly rebate, amounting to the amount of FRST that a household with similar demographics would pay if its income were at the
poverty line, similar to the
FairTax proposal. • Replacing the old age benefits paid under
Social Security with a Personal Security System, 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
universal Medical Security System 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% In February 2010, during the
Greek government-debt crisis, Ferguson appeared on the
Glenn Beck Program predicting that if
interest rates rose in the United States, it could experience a similar
sovereign default and mass
civil disorder to what was occurring in Greece. He also praised the
Tea Party movement. Later in the year, he called for the
Federal Reserve under chairman
Ben Bernanke to end its second round of
quantitative easing. In November 2012, Ferguson stated in a video with
CNN that the U.S. has enough energy resources to move towards
energy independence and could possibly enter a new economic golden age due to the related socio-economic growth—coming out of the post-world economic recession doldrums. Ferguson was an attendee of the 2012
Bilderberg Group meeting, where he was a speaker on economic policy. Ferguson was highly critical of the results of the
2016 European Union referendum, warning that "the economic consequences will be dire". Later, after backing the
Remain campaign during the referendum, Ferguson changed his mind and came out in support of Britain's exit from the European Union.
Exchanges with Paul Krugman In May 2009, Ferguson became involved in a public exchange of views with economist
Paul Krugman arising out of a panel discussion hosted by
PEN/
New York Review on 30 April 2009, regarding the American economy. Ferguson contended that the Obama administration's policies are simultaneously
Keynesian and
monetarist in an "incoherent" mix, and specifically claimed that the government's issuance of a multitude of new bonds would cause an increase in interest rates. Krugman argued that Ferguson's view is "resurrecting 75-year old fallacies" and full of "basic errors". He also stated that Ferguson is a "poseur" who "hasn't bothered to understand the basics, relying on snide comments and surface cleverness to convey the impression of wisdom. It's all style, no comprehension of substance." In 2012, Jonathan Portes, the director of the
National Institute of Economic and Social Research, said that subsequent events had shown Ferguson to be wrong: "As we all know, since then both the US and UK have had deficits running at historically extremely high levels, and long-term interest rates at historic lows: as Krugman has repeatedly pointed out, the (
IS-LM) textbook has been spot on." After Ferguson wrote a cover story for
Newsweek arguing that
Mitt Romney should be elected in the
2012 United States presidential election, Krugman wrote that there were multiple errors and misrepresentations in the story, concluding: "We're not talking about ideology or even economic analysis here—just a plain misrepresentation of the facts, with an august publication letting itself be used to misinform readers. [
The New York Times] would require an abject correction if something like that slipped through. Will
Newsweek?" In an online rebuttal titled "Paul Krugman Is Wrong", Ferguson defended his prior cover story, insisting that it was Krugman who had been wrong on the facts. Matthew O'Brien countered that Ferguson was still distorting the meaning of the
Congressional Budget Office report being discussed, and that the entire piece could be read as an effort to deceive. In 2013, Ferguson, naming
Dean Baker,
Josh Barro,
Brad DeLong,
Matthew O'Brien, Noah Smith,
Matthew Yglesias, and
Justin Wolfers, attacked "Krugman and his acolytes" in a three-part essay explaining his dislike of Krugman. The essay title, "Krugtron the Invincible", originally comes from a post by Smith.
Remarks on Keynes' sexual orientation At a May 2013 investment conference in
Carlsbad, California, Ferguson was asked about his views on economist
John Maynard Keynes' quotation that "
in the long run we are all dead". Ferguson stated that Keynes was indifferent to the future because he was gay and did not have children. The remarks were widely criticised for being offensive, factually inaccurate, and a distortion of Keynes' ideas. Ferguson posted an apology for these statements shortly after reports of his words were widely disseminated, saying his comments were "as stupid as they were insensitive". In the apology, Ferguson stated: "My disagreements with Keynes's economic philosophy have never had anything to do with his
sexual orientation. It is simply false to suggest, as I did, that his approach to economic policy was inspired by any aspect of his personal life."
Stanford Cardinal Conversations In spring 2018, Ferguson was involved with
College Republican leaders at Stanford to oppose a left-leaning student take over of the Cardinal Conversations initiative. In leaked emails, he was quoted as asking for opposition research on the student involved. He later apologized and resigned from the said initiative when emails were leaked revealing his involvement in the events. In a statement to
The Stanford Daily, Ferguson wrote: "I very much regret the publication of these emails. I also regret having written them." In February 2019, Ferguson became an advisor for digital asset protocol firm Ampleforth Protocol, saying he was attracted by the firm's plan to "reinvent money in a way that protects individual freedom and to create a payments system that treats everyone equally". In March 2019, Ferguson spoke at an
Australian Financial Review Business Summit, where he admitted to being "wrong to think there was no ... use for a form of currency based on
blockchain technology... I don't think this will turn out to be a complete delusion."
Scottish nationalism and the British Union Ferguson has stated that he identified as a
Scottish nationalist as a teenager but moderated his views after moving to England to study history. He has argued that Scottish nationalism is sometimes fueled by a distorted view that Scots have always been oppressed by the English and is misconceived by people from outside of the United Kingdom as the choice between being Scottish or English. Ferguson states that in contrast to the subjugations of Wales and Ireland, Scotland was united as an "equal" country to England during the
Act of Union of 1707, and cites events such as
King James VI of Scotland inheriting the English crown, the failed
Darien scheme to colonize Panama, which prompted Scottish political elites to support the Union and that Scots were an integral part of the
East India Company to question the narrative that Scotland was oppressed. Ferguson has also argued (citing
Walter Scott's novel
Waverley) that Scotland after the Jacobite rebellion remained a land divided by warring clans and religious factions, and that the Union helped to quell some of the conflicts. During the
2014 Scottish independence referendum, Ferguson supported Scotland remaining within the United Kingdom, citing potential economic consequences of
Scottish independence but argued that the opposition campaign needed to focus on Scotland's history of cosmopolitanism, as well as economic points to save the Union. In 2012, he described the Eurozone as a "disaster waiting to happen". During the
2016 United Kingdom European Union membership referendum, Ferguson was initially critical of the idea of Britain leaving the EU despite his criticisms of the latter, warning that "the economic consequences will be dire", and endorsed a Remain vote. In 2020, Ferguson predicted that the EU was destined to become "moribund" and was at risk of collapse in the near future and that the single currency had only benefited
Northern Europe and Germany in particular while causing economic havoc in
Southern Europe. He also argued the "real disintegration of Europe" will happen over the
EU's migration policies that he says have both exacerbated and failed to provide solutions to
illegal immigration to the European continent from
North Africa and the
Middle East. Ferguson stated that high levels of illegal immigration from
Muslim-majority nations would in turn further the rise of
populist and
Eurosceptic movements committed to rolling back or leaving the EU. Ferguson also predicted that in a decade's time Britain would question why there had been fuss, outcry, or debates over the manner of how to leave the EU over Brexit because "we'll have left something that was essentially disintegrating", and that "it would be a little bit like getting a divorce and then your ex drops dead, and you spent all that money on the divorce courts, if only you'd known how sick the ex was. The European Union is sick, and people don't really want to admit that, least of all in Brussels." He also dismissed the idea that
right-wing populism had been responsible for failure of government responses to the pandemic, accusing
liberal politicians such as the then Belgian prime minister
Sophie Wilmès and United States president
Joe Biden of making similar mistakes to
Donald Trump and
Boris Johnson. In April 2020, he published an op-ed alleging that Chinese authorities deliberately allowed international flights to continue departing Wuhan after the city was placed under quarantine. The claim was subsequently cited by several public figures, including Donald Trump. This allegation was later retracted. He reflected in a 2021 podcast interview with
Lex Fridman that many of the failures in the United States had been systemic rather than the personal fault of Trump, and that Trump was unfairly blamed because of the
Trump administration's messaging. He alleged that
Barack Obama's handling of the
U.S. opioid epidemic had been similarly costly but more obscure. Ferguson also praised
Operation Warp Speed, and argued that part of the reason for the failure of the U.S. government to effectively respond to the pandemic was the absence of a similar program for
COVID-19 testing. He also criticized the
2022 Moscow rally for justifying the invasion and described it as "fascistic". Ferguson has also sharply criticized the accusations of genocide in Gaza, describing such claims as "utterly divorced from strategic reality". Ferguson rejects plans to recognize a
Palestinian state insisting that "nothing remotely resembling a Palestinian state exists today. Nor is one likely to exist at any point in the foreseeable future." He argues that the
Palestinian Authority is widely despised and lacks real authority, while Hamas continues to command significant support, even in the West Bank, and remains fundamentally committed to violence. In Ferguson's view, the October 7 attacks should be seen as a decisive moral and political failure: "an event disqualifying the Palestinians from self-government, not entitling them to it." He adds that the enduring support for Hamas among Palestinians, and claims due to supposed widespread
denial of the October 7 attacks, erodes any claim to statehood. ==Personal life==