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In May 2012, the BBC announced Niall Ferguson was to present its annual Reith Lectures – a prestigious series of radio lectures which were first broadcast in 1948.

It examines the rule of law in comparative terms, asking how far the common law's claims to superiority over other systems are credible, and whether we are living through a time of 'creeping legal degeneration' in the English-speaking world.

The first lecture was broadcast on BBC Radio 4 and the BBC World Service on Tuesday, 19 June 2012.

Ferguson argues that the popular saying, "money makes the world go 'round", is wrong; instead he presented a case for human actions in history motivated by far more than just economic concerns.

From 1990 to 1992 he was an official fellow and lecturer at Peterhouse, Cambridge.

He then became a fellow and tutor in modern history at Jesus College, Oxford, where in 2000 he was named a professor of political and financial history.

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