The most remarkable thing that happened to the world economy after 9/11 was ... nothing. What would have once meant a crippling shock to the system was absorbed astonishingly quickly, partly due to the efforts of the then Chairman of the Federal Reserve Board, Alan Greenspan. The post 9/11 global economy is a new and turbulent system - vastly more flexible, resilient, open, self-directing, and fast-changing than it was even twenty years ago. The Age of Turbulence will be an 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 or ill, channelled through Greenspan's own experiences working in the command room of the global economy for longer and with greater effect than any other single living figure. He will share the story of his life with an eye to doing justice to the extraordinary years he has experienced and shaped, taking full measure of the individuals who made strong impressions on him, including every US President from Nixon to George W. Bush, and the great crises and challenges that they faced. But his other goal is to draw readers along the same learning curve he followed, so they have a grasp of his own hard-won, layered understanding of the dynamics that drive world events. 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.
Like all of us, though few so visibly, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. No one with any meaningful role in economic decision making in the world saw beforehand the storm for what it was. How had our models so utterly failed us?To answer this question, Alan Greenspan embarked on a rigorous and far-reaching examination of how Homo economicus predicts the economic future, and how it can predict it better. Economic risk is a fact of life in every realm, from home to business to government at all levels. Whether were conscious of it or not, we make wagers on the future virtually every day, one way or another. Very often, however, were steering by out-of-date maps, when were not driven by factors entirely beyond our conscious control.The Map and the Territory smartly updates our forecasting conceptual grid. It integrates the history of economic prediction, the new work of behavioural economists and the fruits of the authors own remarkable career to offer a thrillingly lucid and empirically based grounding in what we can know about economic forecasting and what we cant. The book explores how culture is and isnt destiny and probes what we can predict about the worlds biggest looming challenges, from debt and the reform of the welfare state to natural disasters in an age of global warming.Alan Greenspans approach, grounded in his trademark rigour, wisdom and unprecedented experience, offers a master class in economic decision making.ALAN GREENSPAN was born in 1926 and reared in the Washington Heights neighborhood of New York City. After studying the clarinet at Juilliard and working as a professional musician, he earned his B.A., M.A., and Ph.D. in economics from New York University. In 1954, he cofounded the economic consulting firm Townsend-Greenspan & Co. From 1974 to 1977, he served as chair of the Council of Economic Advisers under President Gerald Ford. In 1987, President Ronald Reagan appointed him chairman of the Federal Reserve Board, a position he held until his retirement in 2006.He is the author of the number one International bestseller The Age of Turbulence.
The most remarkable thing that happened to the world economy after 9/11 was ... nothing. What would have once meant a crippling shock to the system was absorbed astonishingly quickly, partly due to the efforts of the then Chairman of the Federal Reserve Board, Alan Greenspan.The post 9/11 global economy is a new and turbulent system - vastly more flexible, resilient, open, self-directing, and fast-changing than it was even twenty years ago. The Age of Turbulence is an incomparable reckoning with the nature of this new world - how we got here, what were living through, and what lies over the horizon, for good or ill, channelled through Greenspans own experiences working in the command room of the global economy for longer and with greater effect than any other single living figure.
An inspiring, rip-roaring read - like the astonishing story it describes Liam Halligan, Daily TelegraphWhere does prosperity come from, and how does it spread through a society? What role does innovation play in creating prosperity and why do some eras see the fruits of innovation spread more democratically, and others, including our own, find the opposite?In Capitalism in America, Alan Greenspan, legendary Chair of the Federal Reserve, distils a lifetime of grappling with these questions into a profound assessment of the decisive drivers of the US economy over the course of its history. In partnership with Economist journalist and historian Adrian Wooldridge, he unfolds a tale of vast landscapes, titanic figures and triumphant breakthroughs as well as terrible moral failings. Every crucial American economic debate is here - from the role of slavery in the antebellum Southern economy to Americas violent swings in its openness to global trade.At heart, the authors argue, Americas genius has been its enthusiasm for the effects of creative destruction, the ceaseless churn of the old giving way to the new. Although messy and painful, it has lifted the overwhelming majority of Americans to standards of living unimaginable even a few generations past. At a time when productivity has again stalled, stirring populist furies, and the continuing of American pre-eminence seems uncertain, Capitalism in America explains why America has worked so successfully in the past and been such a gigantic engine of economic growth.
Um livro do lendário ex-presidente do Fed e do aclamado historiador e jornalista da Economist. A história épica e completa da evolução dos Estados Unidos: de uma pequena colcha de retalhos de colônia
Alan Greenspan (Nueva York, 1926) ha sido asesor de Richard Nixon y presidente de la Reserva Federal de EE. UU. entre 1987 y 2006, con Ronald Reagan, George H. W. Bush, Bill Clinton y George W. Bush. Observador privilegiado y comentarista unico de la situacion economica mundial de las ultimas decadas, en La era de las turbulencias, Alan Greenspan hace recuento de su vida y sus experiencias laborales, reconoce que la guerra de Irak tiene que ver con el petroleo y alude a temas candentes de la economia contemporanea, como la burbuja inmobiliaria.