This, then, was the combination that made New England flourish: Puritanism plus the profit motive. - Niall Ferguson

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This, then, was the combination that made New England flourish: Puritanism plus the profit motive.

English
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About Niall Ferguson

Niall Campbell Douglas Ferguson (born 18 April 1964) is a British historian. He is the Laurence A. Tisch Professor of History at Harvard University. He is also a Senior Research Fellow of Jesus College, University of Oxford and a Senior Fellow of the Hoover Institution, Stanford University.

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Native Name: Niall Campbell Ferguson

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Beginning in the late 1970s, China overcame centuries of stagnation precisely because Mao’s successors understood that they had to decentralise the People’s Republic, giving economic if not political power to the people. If western commentators are right, Xi Jinping wants to go in the opposite direction. If the Chinese are lucky, he will turn out to be an enlightened absolutist, like Singapore’s Lee Kuan Yew. If they are unlucky, he will be just another emperor who fondly dreamt of controlling a fifth of humanity.

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