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Dewey Decimal Number: 332.11092 EAN: 9781594201318 ISBN: 1594201315 Label: Penguin Press HC, The Manufacturer: Penguin Press HC, The Number Of Items: 1 Number Of Pages: 544 Publication Date: September 17, 2007 Publisher: Penguin Press HC, The Studio: Penguin Press HC, The Editorial Review: Amazon.com Review: In the immediate aftermath of September 11, 2001, in his fourteenth year as Chairman of the Federal Reserve Board, Alan Greenspan took part in a very quiet collective effort to ensure that America didn't experience an economic meltdown, taking the rest of the world with it. There was good reason to fear the worst: the stock market crash of October 1987, his first major crisis as Federal Reserve Chairman, coming just weeks after he assumed control, had come much closer than is even today generally known to freezing the financial system and triggering a genuine financial panic. But the most remarkable thing that happened to the economy after 9/11 was...nothing. What in an earlier day would have meant a crippling shock to the system was absorbed astonishingly quickly. After 9/11 Alan Greenspan knew, if he needed any further reinforcement, that we're living in a new world - the world of a global capitalist economy that is vastly more flexible, resilient, open, self-directing, and fast-changing than it was even 20 years ago. It's a world that presents us with enormous new possibilities but also enormous new challenges. The Age of Turbulence is Alan Greenspan's incomparable reckoning with the nature of this new world - how we got here, what we're living through, and what lies over the horizon, for good and for ill-channeled through his own experiences working in the command room of the global economy for longer and with greater effect than any other single living figure. He begins his account on that September 11th morning, but then leaps back to his childhood, and follows the arc of his remarkable life's journey through to his more than 18-year tenure as Chairman of the Federal Reserve Board, from 1987 to 2006, during a time of transforming change. Alan Greenspan shares the story of his life first simply with an eye toward doing justice to the extraordinary amount of history he has experienced and shaped. But his other goal is to draw readers along the same learning curve he followed, so they accrue a grasp of his own understanding of the underlying dynamics that drive world events. In the second half of the book, having brought us to the present and armed us with the conceptual tools to follow him forward, Dr. Greenspan embarks on a magnificent tour de horizon of the global economy. He reveals the universals of economic growth, delves into the specific facts on the ground in each of the major countries and regions of the world, and explains what the trend-lines of globalization are from here. The distillation of a life's worth of wisdom and insight into an elegant expression of a coherent worldview, The Age of Turbulence will stand as Alan Greenspan's personal and intellectual legacy.
Average Rating:
 Rating:  - Better than the election debatesThis guy breathes economics and shares several thoughtful insights into how the global economy is affecting American politics. Pair this book with The Power of Productivity and you'll definitely have a better picture of how the world works. Rating: - dry subject made interestingI'm about halfway through the book and find it fascinating. I am not an economist nor a policy wonk, but his interfaces with administrations from Nixon to the present, make for a deeper understanding of why the economy functions the way it does. Rating: - Straight from the maestroA must read for anyone interested in economics in general especially economics at the macro level. Especially with current economic crisis changing rules and shaking faith in 'laissez faire' capitalism. People now blame him for the crisis, I think it is not the individual but the ideology that did us in to this mess. History will judge him for years but this is a must glimpse in the life and mind of an intellectual who played a towering role as world's central banker. In ... Read More Rating:  - Fedspeak, part 2What amazed me about this book was how little the book talked about economic policy and its underpinnings. Why did the fed do what it did during Greenspan's tenure? If you are looking for answers to that sort of questions, you will get nothing from this book. In fact, it is not clear if Greenspan even has a framework for monetary policy. For instance, he does not have great regard for Keynes' work, but almost everything he did would appear to be Keynesian. No explanations are offered. I found Alan ... Read More Rating: - Highly recommended to everybody involved in economics, business, investment and financePeople who are very knowledgeable about a subject seldom have the skill to communicate their knowledge to the general public. The ex Federal Reserve Bank chairman Mr. Alan Greenspan is one of those rare individuals. No doubt he has great wisdom , theoretical and practical knowledge of world economics, business, investment , finance and politics. But more important he very clearly explains these topics in his masterpiece called The Age of Turbulence not only to the general public not specialized in ... Read More |
