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This book has a funny title, This Time is Different, but as you read it, it will become plain why it is appropriate. Because, as the authors argue very effectively, everytime an economy has been on the verge of a bubble, and a precious few prognosticators are calling it, the mass of investors say, "this time is different." Certainly true of the present bubble (or the present aftermath) and of 10s and 100s before.
This book is also approachable for the non-economist (I am an economist) if you skip the chunks that the authors themselves recommend you skip in the early parts. That is harder to do with an audiobook, but it can be done (the audiobook is sectioned).
I gave this book 3 stars not because it is bad, or mediocre, but because the actual book is laden with tables and charts. To do it justice I found it necessary to listen to it and look at the book every once in awhile to see the figures (it helped that my employer's research library had a copy). When the narrator, who is good, tries to relate what is in the tables and charts, things get ponderous.
I highly recommend the book. The audiobook is a good complement to it, or vice versa. The audiobook alone is what gets the 3 stars.
24 of 24 people found this review helpful
What a great book - really puts a lot of tendencies in the economics of the day into a historical perspective. In this respect, it really clears a lot of fog and makes many things clear. However, this book has a very large amount of diagrams and charts which not only illustrate the text, but develop its ideas in a graphical form. Without these graphs the book sounds weird with constant referrals to the stuff you can not see. More so, parts of text - historical anecdotal chunks of data - are simply omitted... So, before spending your credits, find an e-book somewhere on the net - without this aid you are only getting 50% of this book, which is a pity, as this book, being a quite serious research, is, at the same time, is instantly accessible even to a humble armchair economist like myself.
15 of 15 people found this review helpful
Be warned: this is a good book but very clearly an academic text not intended for the general reader. I get the feeling that the publishers may have rushed this out to cash in on all the post financial crisis books. It is a shame as it has a really interesting story to tell and would have benefited from a different edition - indeed book - aimed at the general reader with far less emphasis on data and statistics. (Underemployed journalists take note!). Another problem is that the book relies on sets of charts and data that can't be read out loud as they would be a nonsense. I do think the audible / publishers need to think about this a bit more, perhaps at least provide a PDF to download of the charts maybe?
However it is a good book and if I were reading the paper version it would have got a better rating!
4 of 4 people found this review helpful
If you compare table 1.2a with 1.2b you will see that the period spent in crisis by developing countries after a sovereign default is comparable to... on the other hand, if you want an audiobook that whiles away the hours of gardening you probably want something more like Malcolm Gladwell.
4 of 5 people found this review helpful
good book but heavily reliant on charts and tables makes it dry and hard to finish as an audio book. buy the real one unless you're planning to listen to it white staring at the pdfs anyway
very well thought out and argued discussion. the authors have used fact to clearly outline the risks associated with debt and default.