Product Feature
This Time Is Different: Eight Centuries of Financial Folly
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Review
I would say that her [Carmen Reinhart's] book with Ken Rogoff on debt crises and financial crises is an extraordinary piece of work.
(Federal Reserve Chairman Ben Bernanke, speaking before the House Budget Committee (6/9/2010)
The authors use copious amounts of data . . . to make the compelling case that any well-informed person should have seen the Great Recession coming. The essence of their book is that while financial crises come in different varieties, they are not mysteriously born of undersea earthquakes, but frequently occurring events that can be spotted and even controlled if politicians and regulators know what to look for.
(Devin Leonard New York Times )
Professor Rogoff and his longtime collaborator Carmen Reinhart . . . know more about the history of financial crises than anyone alive. The pair have just published their broad survey of financial crises, This Time is Different. In an era when most ‘analysts’ rely on maybe 30 or 40 years’ worth of financial history–and then only that of the U.S.–the authors’ knowledge of financial crises and government bond defaults going back to the Spanish empire and before offers a richer perspective.
(Brett Arends Wall Street Journal )
