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The decline of the West is something that has long been prophesied. Symptoms of decline are all around us today: slowing growth, the crushing debts, aging population. But what exactly is wrong with Western civilization? The answer, Niall Ferguson argues, is that the institutions which were formerly the four pillars of Western society - representative Government, market economy, the rule of law and civil society - are degenerate. The great degeneration is a powerful indictment of an era of neglect and complacency. No more we waste the institutional legacy of the centuries, Ferguson warns, will be heroic leadership and a radical reform. "A fresh perspective on the economic decline of the developed countries and the origins of the crisis." (Samuel Brittan, Financial Times). «He wrote with splendid panache and spirit apparently effortlessly, debonair.» (The hours). "One of the most incisive writers of history, policy and economy today." (Sunday Telegraph). "Niall Ferguson has transformed the intellectual landscape." (Economist).

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