The Age of Turbulence is Alan Greenspan's incomparable reckoning with the contemporary financial world, channeled through his own experiences working in the command room of the global economy longer and with greater effect than any other single living figure.\ Following the arc of his remarkable life's journey through his more than eighteen-year tenure as chairman of the Federal Reserve Board to the present, in the second half of The Age of Turbulence Dr. Greenspan embarks on a magnificent...
Alan Greenspan conveys the education of a lifetime. The New York Times - Michael Kinsley Not only can Greenspan discourse lucidly on economic matters, but he has also written the most unexpectedly charming Washington insider memoir since Katharine Graham's a decade ago. The books are very different. The charm of Graham's was its frankness. The publisher of The Washington Post dished and dissed, starting with her mother. Greenspan is the soul of tact. Far too many people are labeled as his "friend." Even the mildest criticism is prefaced by a statement of high regard and/or followed by an expression of regret. He doesn't lay a glove on his mother. The charm of Greenspan's book is its self-portrait.
Introduction 1City Kid 19The Making of an Economist 38Economics Meets Politics 54Private Citizen 77Black Monday 100The Fall of the Wall 123A Democrat's Agenda 142Irrational Exuberance 164Millennium Fever 182Downturn 206The Nation Challenged 226The Universals of Economic Growth 249The Modes of Capitalism 267The Choices That Await China 294The Tigers and the Elephant 311Russia's Sharp Elbows 323Latin America and Populism 334Current Accounts and Debt 346Globalization and Regulation 363The "Conundrum" 377Education and Income Inequality 392The World Retires. But Can It Afford To? 409Corporate Governance 423The Long-Term Energy Squeeze 437The Delphic Future 464Epilogue 507Acknowledgments 533A Note on Sources 537Bibliography 541Index 545
\ From Barnes & NobleWhen Alan Greenspan speaks, the entire world listens. During his 18-year tenure (1987-2006) as Federal Reserve Board chairman, he presided over the American economy; but even after he left that job, his influence remained. When he forecast a U.S. recession in early 2007, stock markets responded with their biggest one-day drop since 9/11. We expect that money watchers will be equally attentive to the nuances of this detailed (640-page) memoir of his astonishing career.\ \ \ \ \ Sebastian MallabyGreenspan's political memoir, which occupies the first half of the book, is readable, lucid and sometimes a bit thin on the dilemmas of monetary policy. In the book's second half, Greenspan the charmer makes way for Greenspan the technician, and the result is a 250-page essay on globalization. His overviews of Russia, India and China say little that is not familiar to attentive readers of the news. But the last chapter makes a powerful and remarkably self-deprecating point. Readers who persevere will feel rewarded.\ —The Washington Post\ \ \ Michael KinsleyNot only can Greenspan discourse lucidly on economic matters, but he has also written the most unexpectedly charming Washington insider memoir since Katharine Graham's a decade ago. The books are very different. The charm of Graham's was its frankness. The publisher of The Washington Post dished and dissed, starting with her mother. Greenspan is the soul of tact. Far too many people are labeled as his "friend." Even the mildest criticism is prefaced by a statement of high regard and/or followed by an expression of regret. He doesn't lay a glove on his mother. The charm of Greenspan's book is its self-portrait.\ —The New York Times\ \ \ \ \ Michael MandelMost people will read Greenspan's book for the shock value of his attack on Republicans. But they also will find that Greenspan's well-informed musings offer much more food for thought than the usual government official memoir.\ —BusinessWeek\ \