This Time Is Different by Carmen M. Reinhart, Kenneth S. Rogoff

This book provides a comprehensive analysis of financial crises over the last eight centuries, examining the patterns and triggers of various economic downturns, from government defaults to banking panics. Through a meticulous compilation of historical data, the authors debunk the common belief that modern finance has made such crises obsolete, illustrating instead how similar patterns of excessive debt accumulation have consistently led to financial collapses. The work emphasizes the recurring theme that, despite technological advances and changes in financial systems, the belief that "this time is different" remains a dangerous illusion, often preceding the worst financial collapses.

The 9135th greatest book of all time

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Total Points: 69

Since this book was first published in 2009, there is a penalty of 56.0%. The age adjusted score is 30.36.

This is to prevent newer books from reaching super high on the ranked list of the greatest books of all time. The greatest books should also stand the test of time.