Eight centuries of financial folly reprint by carmen m. Use features like bookmarks, note taking and highlighting while reading this time is different. Eight centuries of financial folly reinhart, carmen m. I would say that her carmen reinharts book with ken rogoff on debt crises and. The authors, carmen reinhart and kenneth rogoff, have assembled an amazing history of government defaults. It should be noted that although the appendix to our book on banking crisis dates does not separate out systemic and nonsystemic banking crises, the. Rogoff, cabot professor of public policy, is an unusually powerful bull detector designed to protect investors and taxpayers alikeeventually, at least, and provided the spirit is willing. Barry eichengreen, author of the european economy since 1945 this is quite simply the best empirical investigation of financial crises ever published. Wherever you open the book, youll find proof that debtfueled expansions have ended in financial ruin for hundreds of years. Weve seen it over the centuries, said kenneth rogoff, a harvard economist who actually wrote the book on this hes a coauthor of this time is different. The next time you hear that canard and you will pour yourself a single malt and dip into carmen m. Rogoff present a thorough historical and statistical tour of financial hubris through the centuries. Cabot professor of public policy and professor of economics at harvard university. Everyday low prices and free delivery on eligible orders.