©2009 Carmen M. Reinhart and Kenneth Rogoff; (P)2009 Gildan Media Corp
"This Time Is Different doesn't simply explain what went wrong in our most recent crisis. This book also provides a roadmap of how things are likely to pan out in the years to come....This Time Is Different is an important addition to the literature of financial history." (Wall Street Journal)
Say something about yourself!
This is really a research paper put into book form. It is filled with important information. But this is very difficult to present as an audio book.
I love the idea of this book. However, the charts and figures do not fit the format of an audio presentation. If you want to read this book I would highly recommend getting the physical entity.
Apart from the title and the refrain of "we have the most complete data in the world," the audio is not really much at all. Go to the hard copy and look at the charts, graphs, and references. Deciding on business titles should include a look at the hard copy first, which is a good learning for me and better advice to you.
In this book, the authors take you through eight centuries of government defaults, banking panics, and inflationary spikes to today's financial crisis. They clearly illustrate why financial commentary stating that 'That This Time is Different' is a warning sign that things aren't different. In fact--they never are. Those interested in avoiding the next financial meltdown should take time to read this book.
The book was very dry and difficult to enjoy. Seems to have been written for a classroom setting. Also, the audiobook lacked the charts referenced so key information was missing.
Less of an introduction; there seemed to be two chapters defining the terms of what the authors would present.
Perhaps most disappointing were the amount of tables referenced, much of this information was largely lost on the audio audience.
The reader had a pleasant tone.
The overall information was appreciated, but it took much patience to get that. I started a road trip with this book loaded so I felt compelled to listen, but the early stages had me wanting to slit wrists with impatience. Stop defining terms and get to the facts!
I would not recommend this as an audio book.
I was a bit scare because of the bad reviews of the Audio book.... I have the Ebook version as well so I wanted the audio book just to complement my reading and I decided to took my chances ... I was really surprised , but the audio book is just Great , it does not review the tables or graphics in detail, just the important stuff that the written part of the book mention.... but thats the way an audio book should describe graphics or tables! The audio book is great, but it's even greater to complement your reading ... You cant read a book with this level of statistic just with an audio book ... that just wont fit any statistical book! Great Audio Piece!
I think writing on financial crisis can be interesting like Charles P. Kindleberger's Manias, Panics, and Crashes or Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds. But this requires setting of the historical scene and character development and a humanistic look at bygone times. This isn't at all what Reinhart and Rogoff are trying to do in This Time Is Different. They offer a 5000 mile view of what hundreds of these sorts of financial disasters have in common using a universalist perspective and all set in a dry pedestrian prose. They have some interesting insights but it doesn't make for fun listening. Most of the audiobook consists of just elaborating on the graphs. I can see the graphs but don't you have some interesting historical insights to add? They pointlessly cite past economists for having written some paper on obvious things that don't require any citations. They annoyingly repeat the book's title way too many times along with the trite idea rehashed from all the other financial crisis books about which they don't have anything more interesting to say. They keep calling the current crisis we're in as the Second Great Contraction and use their strange, newly coined phrase excessively. Like most economists they have too high an opinion of their own limited findings and their field of study in general. I could go on...the whole thing is excruciatingly painful to listen to.
The careless reading by Sean Pratt didn't help. All his many small misreadings are too numerous to list. The most glaring was that he read the probability of x, P(x), as "P meaning that x."
This isn't something to enjoy on your morning commute but something to help you through a difficult book if it were required reading in an economics class.
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