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13-09-2009, 20:45
The Age of Turbulence: Adventures in a New World by Alan Greenspan
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Book Description:
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.
Introduction
1. CITY KID 19
2. THE MAKING OF AN ECONOMIST 3S
3. ECONOMICS MEETS POLITICS S4
4. PRIVATE CITIZEN 77
5. BLACK MONDAY 100 PHOTOGRAPHI C INSERT 1
6. THE FALL OF THE WALL 12
7. A DEMOCRAT'S AGENDA 142
8. IRRATIONAL EXUBERANCE 164
9. MILLENNIUM FEVER 182
10. DOWNTURN 206
11. THE NATION CHALLENGED 226
12. THE UNIVERSALS OF ECONOMIC GROWTH 249
13. THE MODES OF CAPITALISM 267 PHOTOGRAPHIC INSERT 2
14. THE CHOICES THAT AWAIT CHINA 294
15. THE TIGERS AND THE ELEPHANT 311
16. RUSSIA'S SHARP ELBOWS 323
17. LATIN AMERICA AND POPULISM 334
18. CURRENT ACCOUNTS AND DEBT 346
19. GLOBALIZATION AND REGULATION 363
20. THE "CONUNDRUM" 377
21. EDUCATION AND INCOME INEQUALITY 392
22. THE WORLD RETIRES.BUT CAN ITAFFORDTO? 409
23. CORPORATE GOVERNANCE 423
24. THE LONG-TERM ENERGY SQUEEZE 437
25. THE DELPHIC FUTURE 464
http://sansoc.com/diendan/up/files/2009-09/13/1252849206_41349Uuj0qL.jpg
Book Description:
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.
Introduction
1. CITY KID 19
2. THE MAKING OF AN ECONOMIST 3S
3. ECONOMICS MEETS POLITICS S4
4. PRIVATE CITIZEN 77
5. BLACK MONDAY 100 PHOTOGRAPHI C INSERT 1
6. THE FALL OF THE WALL 12
7. A DEMOCRAT'S AGENDA 142
8. IRRATIONAL EXUBERANCE 164
9. MILLENNIUM FEVER 182
10. DOWNTURN 206
11. THE NATION CHALLENGED 226
12. THE UNIVERSALS OF ECONOMIC GROWTH 249
13. THE MODES OF CAPITALISM 267 PHOTOGRAPHIC INSERT 2
14. THE CHOICES THAT AWAIT CHINA 294
15. THE TIGERS AND THE ELEPHANT 311
16. RUSSIA'S SHARP ELBOWS 323
17. LATIN AMERICA AND POPULISM 334
18. CURRENT ACCOUNTS AND DEBT 346
19. GLOBALIZATION AND REGULATION 363
20. THE "CONUNDRUM" 377
21. EDUCATION AND INCOME INEQUALITY 392
22. THE WORLD RETIRES.BUT CAN ITAFFORDTO? 409
23. CORPORATE GOVERNANCE 423
24. THE LONG-TERM ENERGY SQUEEZE 437
25. THE DELPHIC FUTURE 464