It details how people fallaciously through the centuries believe that it will be different this time, and thus contribute to economic crises. It should be a good read for rationalists from all walks of life as it gives an opportunity to learn from history. Those who don’t learn from that are doomed to repeat it.
http://www.amazon.com/This-Time-Different-Centuries-Financial/dp/0691142165
It details how people fallaciously through the centuries believe that it will be different this time, and thus contribute to economic crises. It should be a good read for rationalists from all walks of life as it gives an opportunity to learn from history. Those who don’t learn from that are doomed to repeat it.