5 of 5 people found the following review helpful
A must-have reference book,
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This review is from: This Time Is Different: Eight Centuries of Financial Folly (Hardcover)The authors have written a monster of a refence book which spans 800 years of financial history. It's somewhat galling to see Brown/Darling on TV declaring "this time is different", and "we're in uncharted waters, we've not been here before", only to read just how many times we HAVE been here before. Wasn't it Einstein who said that the definition of stupidity is making the same mistake again and again?
I wholeheartedly recommend this book. It's not a light bedtime read but is accessible and more than readable, and more's the point, you can dip in to whatever chapter is relevant for your enquiry. There are swathes of tables and reference charts, and the later chapters deal with the current crisis - which we learn is not new (though the debt mountain is the greatest on record).
I would suggest it helps to have a modicum of understanding of world finance, this is not a book for beginners (for that go to "Conspiracy of the Rich" by Robert Kiyosaki - possibly the best there is to really get inside what's going on in the world of finance and highly readable), but for those already engaged in this area, "This Time is Different" is essential.
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Initial post: 26 Oct 2011 14:52:15 BDT
"Men like Henry George are rare, unfortunately. One cannot imagine a more beautiful combination of intellectual keenness, artistic form, and fervent love of justice. " Albert Einstein said that too. Land Value Tax is Henry George's contribution to economics - it's introduction would go along way to preventing future financial bubbles.
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