Carmen M. Reinhart Books
Reinhart is an American economist known for her research on international finance and financial crises.
Known for: This Time Is Different: Eight Centuries of Financial Folly
Books by Carmen M. Reinhart
This Time Is Different: Eight Centuries of Financial Folly
This book examines the history of financial crises over eight centuries, showing that despite technological and institutional changes, the same patterns of excessive borrowing, speculative bubbles, and subsequent crashes repeat across time and nations. Reinhart and Rogoff use extensive historical data to demonstrate that financial folly is a recurring feature of human behavior, not an anomaly of modern capitalism.
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Historical Overview
We began our research by building perhaps the most comprehensive historical data set on financial crises ever assembled. The tapestry of eight centuries encompasses sovereign defaults, banking collapses, inflationary blowups, and currency debasements. We unearthed forgotten records from pre-industri...
From This Time Is Different: Eight Centuries of Financial Folly
The Concept of 'This Time Is Different'
Every great speculative era is accompanied by a distinctive chorus: this time is different. Whether it is faith in technological innovation, new financial instruments, or supposedly enlightened governance, societies cling to the belief that the old rules no longer apply. This psychological pattern l...
From This Time Is Different: Eight Centuries of Financial Folly
About Carmen M. Reinhart
Reinhart is an American economist known for her research on international finance and financial crises.
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Reinhart is an American economist known for her research on international finance and financial crises.
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