This Time Is Different

This Time is Different (2011) analyzes eight centuries of financial crises, demonstrating that despite claims of uniqueness, these crises follow remarkably similar patterns. While countries eventually recover from financial storms, human nature's tendency to believe "this time is different" leads to repeated cycles of crisis, as each generation forgets or ignores the lessons of the past.

• Policy makers looking to avoid future economic missteps 
• Finance workers who want to spot signs of impending crises
• History lovers ready for a deep dive into economic history

Carmen Reinhart is Professor of International Financial Systems at Harvard Kennedy School and previously served as Chief Economist at the World Bank. Kenneth Rogoff is Professor of Economics and Public Policy at Harvard University and former Chief Economist at the International Monetary Fund.