The Great Degeneration: How Institutions Decay and Economies Die. By Niall Ferguson. Penguin, New York. 2012. ISBN: 978-1-59420-545-3. 174 pp. Hardcovex. $ 26.95.
Wars, violent revolutions, armed struggles and economic crises constitute a major part of the world history.Many nations and states faced testing times politically as well as economically.If empires grew, economies boomed, ideologies popularized, and systems flourished then there came a time when those empires vanished, economies crippled, ideologi