Book · 2009 · Business & Economics
This Time Is Different
Eight Centuries of Financial Folly
- mentions
- 2
- people
- 2
- podcasts
- 2
- episodes
- 2
- recommendations
- 0
In 2006, Rey Hart and Rogoff did a white paper that eventually became the book This Time is Different: 800 Years of Financial Folly.
The best things said about it
There's a book I'm guessing you know Ken Rogoff and Carmen Reinhardt just after the global financial crisis where you were heavily involved when the cleanup crew. The cleanup crew, right? and their book was called this time is different eight centuries of financial folly they were talking about that financial crash.
Stephen Dubner Freakonomics Radio · Aug 2026 Why people recommend it
Why people recommend it: This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth S. Rogoff is a comprehensive economic study examining the recurring patterns of financial crises throughout history. Stephen Dubner brought up the book on Freakonomics Radio to compare the current artificial intelligence boom to historical market crashes, noting that the authors analyzed eight centuries of financial folly following the global financial crisis. Barry Ritholtz also discussed the work on My First Million, explaining that Reinhart and Rogoff initially released a foundational white paper in 2006 that eventually expanded into this definitive book on credit-driven market bubbles and real estate crashes. The book is frequently recommended by economists and financial analysts because it provides extensive empirical data proving that financial panics are not isolated anomalies but predictable cycles driven by human behavior and excessive leverage. By systematically reviewing centuries of sovereign debt defaults, banking panics, and currency collapses, the authors debunk the dangerous assumption that current economic booms are somehow immune to historical gravity, offering essential lessons for modern policymakers and investors.
Every mention
Barry Ritholtz In 2006, Rey Hart and Rogoff did a white paper that eventually became the book This Time is Different: 800… 1
“In 2006, Rey Hart and Rogoff did a white paper that eventually became the book This Time is Different: 800 Years of Financial Folly.”
Stephen Dubner There's a book I'm guessing you know Ken Rogoff and Carmen Reinhardt just after the global financial crisis… 1
“There's a book I'm guessing you know Ken Rogoff and Carmen Reinhardt just after the global financial crisis where you were heavily involved when the cleanup crew. The cleanup crew, right? and their book was called this time is different eight centuries of financial folly they were talking about that financial crash”
Other mentions (2: passing, ad reads, own books)
“We had a different book that came out in 2009. I mostly write papers, but this was a book with Carmen Reinhart. It was called This Time Is Different.”
“He is the author, along with Carmen Reinhardt, of the influential book, This Time is Different, Eight Centuries of Financial Folly, which compared the Great Recession to past financial collapses.”