#25 Carmen Reinhart and Kenneth Rogoff, authors of This Time is Different: Eight Centuries of Financial Folly.
“They told us so. For years before the crash, economists Carmen Reinhart and Kenneth Rogoff presciently sketched out just how bad the global credit crunch could become based on their groundbreaking study of eight centuries of financial crises — the work that culminated in the publication of their bestselling 2009 book, This Time Is Different. In their study, the two found that in all the crises, “excessive debt accumulation … often poses greater systemic risks than it seems during a boom.”
#43 Saskia Sassen, author of The Global City: New York, London, Tokyo.
“This year’s political upheavals have been as much about cities as countries. From Cairo’s Tahrir Square to London’s Tottenham, we’ve seen vivid illustrations of how urban spaces can shape social movements. Saskia Sassen, an academic guru who famously coined the term “global city,” has been very much part of the conversation, arguing that the same melting-pot factors that make cities drivers of capitalism can also make them highly unstable. “The poor in Britain, living next to enclaves of wealth and privilege, chose street riots to deliver their message,” she wrote.”
#44 David Scheffer, author of All the Missing Souls: A Personal History of the War Crimes Tribunals. Foreign Policy applauds Scheffer for demanding that war criminals be held accountable.
Congratulations to these four authors, alongside the other great thinkers and writers on this list!