In this paper, historian Niall Ferguson argues that the first priority for a Conservative Chancellor of the Exchequer must be to address one of the key causes of the financial crisis: the existence of financial institutions that consider themselves too big to fail – but which are run in such a way that they are bound to do so.
Media Impact:
- The Daily Telegraph: There’s no such thing as too big to fail in a free market
Niall Ferguson - Wednesday, 7th October, 2009
Niall Ferguson, MA, D.Phil., is the Laurence A. Tisch Professor of History at Harvard University and William Ziegler Professor at Harvard Business School. He is also a Senior Research Fellow of Jesus College, Oxford University, and a Senior Fellow of the Hoover Institution, Stanford University. He is the author of, inter alia, ‘Empire: How Britain Made the Modern World’.
