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 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 to convey to readers the full flavour of 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 Prime Ministers Thatcher and Blair, and the great crises and challenges that they faced.
His other goal is to draw readers along the same learning curve he followed, so they have a grasp of his own clear-sighted and hard-won 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.
Shortlisted for Financial Times/Goldman Sachs Business Book of the Year Award 2007.
Alan Greenspan was born in 1926 and reared in the Washington Heights neighbourhood of New York City. After studying the clarinet at Juilliard and working as a professional musician, he earned his BA, MA and Ph.D. in Economics from New York University. In 1954, he co-founded 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.