Is ‘This Time’ Really ‘Different’?: Reflections on ‘Risk’ in Financial Impropriety and Criminal Liability Past and Present in Looking to the Future

  • Gary Wilson
  • Sarah Wilson
Part of the Palgrave Studies in Risk, Crime and Society book series (PSRCS)


This chapter seeks to analyse the responses to the global financial crisis in the related fields of financial and white collar crime through the lens offered by Carmen Reinhart and Kenneth Rogoff’s well-known aphorism of ‘this time is different’ and Ulrich Beck’s classic study of risk. The chapter seeks to explore the rich and diverse perspectives that have been opened in the academic and policy literatures by ideas which underpin Reinhart and Rogoff’s analysis, and in particular to argue for the adoption of a long timeframe historical approach in order to illuminate the central role of risk and the complex societal and regulatory responses to risk in criminal regulatory responses to financial impropriety in the business context.

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Gary Wilson
    • 1
  • Sarah Wilson
    • 2
  1. 1.Nottingham Trent UniversityNottinghamUK
  2. 2.University of YorkYorkUK

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