The Age of Turbulence Adventures in a New World, Alan Greenspan. (Hardcover 1594201315) Used Book available for Swap

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The Age of Turbulence Adventures in a New World
Author: Alan Greenspan

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 Octob... more »er 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.

ISBN-13: 9781594201318
ISBN-10: 1594201315
Publication Date: 9/17/2007
Pages: 640
Rating:

Currently 3.7/5 Stars.

3.7 stars, based on 20 ratings

Publisher: Penguin Press HC, The
Book Type: Hardcover
Other Versions: Paperback, Audio Cassette, Audio CD
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George D. reviewed The Age of Turbulence: Adventures in a New World on 10/23/2011 + 127 more book reviews

Helpful Score: 1

A great read! Required reading for anyone who wants to know what goes on behind the scenes with banks and the governments and how it will affect stock markets, inflation and your jobs.

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John O. (buzzby) - , reviewed The Age of Turbulence: Adventures in a New World on 1/29/2010 + 6062 more book reviews

Hmmm, views the economy as "resilient... and self-correcting" in responding to the September 11th attacks, but that was the last economic crisis.

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Teri M. reviewed The Age of Turbulence: Adventures in a New World on 12/28/2013 + 17 more book reviews

A good listen. Puts some key data about past events in perspective

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Shirley P. (booknookchick) reviewed The Age of Turbulence: Adventures in a New World on 1/22/2016 + 117 more book reviews

Enjoyed reviewing all of the historical highlights, both nationally and internationally, that affect government or consumer finances. Written in an easy to understand style for a complicated subject, this book is an excellent starting point for understanding relationship of the Federal Reserve and the Treasury Dept. with the the President and Congress.

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