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Description
The Age of Turbulence: Adventures in a New World Alan Greenspan New York: The Penguin Press, 2007, 505 pp.
Alan Greenspan, for an $8 million advance, has written two books in one. The first 11 chapters are a personal memoir from his earliest childhood memories through the end of 2006. The final 14 chapters are a series of lectures about the major recent changes in the United States and the world economy. The book is written in clear English, not Greenspan's occasional "Fedspeak," and is a pleasure to read--the result of a productive collaboration with Peter Petre, who taught him to write in the first person as a participant rather than only as an observer of the many important events in the past several decades. This is important because Greenspan has a lot to say about the people and policies of six administrations from that of Richard Nixon to that of George W. Bush. And it is important for both economists and others to understand the major lessons from this period.
For economists, it is important to understand Greenspan's preparation for his several public roles. Most of his broad economic education seems to have been self-taught, derivative of his long experience as an economic consultant. His only course in macroeconomics was from... |
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