The Age of Turbulence: Adventures in a New World
by Alan Greenspan
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List Price: $35.00
Our Price: $7.73
Your Save: $ 27.27 ( 78% )
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Manufacturer: Penguin Press HC, The
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Average Customer Rating:  
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Binding: Hardcover
Dewey Decimal Number: 332.11092
EAN: 9781594201318
ISBN: 1594201315
Label: Penguin Press HC, The
Number Of Items: 1
Number Of Pages: 544
Publication Date: 2007-09-17
Publisher: Penguin Press HC, The
Studio: Penguin Press HC, The
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Spotlight customer reviews:
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Customer Rating:
Summary: dry subject made interesting
Comment: I'm about halfway through the book and find it fascinating. I am not an economist nor a policy wonk, but his interfaces with administrations from Nixon to the present, make for a deeper understanding of why the economy functions the way it does.
Customer Rating:
Summary: Straight from the maestro
Comment: A must read for anyone interested in economics in general especially economics at the macro level. Especially with current economic crisis changing rules and shaking faith in 'laissez faire' capitalism.
People now blame him for the crisis, I think it is not the individual but the ideology that did us in to this mess. History will judge him for years but this is a must glimpse in the life and mind of an intellectual who played a towering role as world's central banker.
In the end, free markets don't work with proper legal framework put in place. One would argue US has the best legal framework to support free markets but I would say it was the loopholes which created absence of it and then it was free for all take what you can get looting. I would think Mr. Chairman will agree with this, although what level of regulation can we put in place and who will decide when is the right time to put a brake is debatable. The party lasted long on the street after easy fed money was gone but the liquidity in the global market allowed the party to continue. Potentially he could have ended the carry trade party earlier but again all this can be said with benefit of hindsight.
The book is a great auto biography of an important intellectual of our times written in very accessible style language and representation. A necessary read in our times and may be for future generations to avoid the similar if I may "Irrational Exuberance!".
Customer Rating: 
Summary: Fedspeak, part 2
Comment: What amazed me about this book was how little the book talked about economic policy and its underpinnings. Why did the fed do what it did during Greenspan's tenure? If you are looking for answers to that sort of questions, you will get nothing from this book. In fact, it is not clear if Greenspan even has a framework for monetary policy. For instance, he does not have great regard for Keynes' work, but almost everything he did would appear to be Keynesian. No explanations are offered. I found Alan Blinder's book a lot more illuminating on substantive issues.
What you will get from this book is a lot of commentary on personalities of powerful politicians---a subject for which the author demonstrates more passion than any other. This is perhaps the book's redeeming feature: it is admittedly somewhat interesting and perhaps gives us a glimpse into why really Greenspan was one of the most powerful people in Washington for such a long tenure.
It did get me thinking very differently about fedspeak though: I was constantly reminded of Peter Sellers in "Being there", as I read the book. Perhaps for that insight alone, my money was well spent on the book.
Customer Rating:
Summary: Highly recommended to everybody involved in economics, business, investment and finance
Comment: People who are very knowledgeable about a subject seldom have the skill to communicate their knowledge to the general public. The ex Federal Reserve Bank chairman Mr. Alan Greenspan is one of those rare individuals. No doubt he has great wisdom , theoretical and practical knowledge of world economics, business, investment , finance and politics. But more important he very clearly explains these topics in his masterpiece called The Age of Turbulence not only to the general public not specialized in these subjects but also to professionals and experts. That's right even students and professors of economics and business, investment counselors, businessman, investors etc. have a lot to gain from reading or listening to the CD of The Age of Turbulence. The reader does not have to agree with everything Mr. Greenspan says and that does not reduce the benefit to be derived from reading the book or listening to the CD.
In the Age of Turbulence the author explains very clearly and in a non boring way without using too much technical jargon the economic, political, social, business, financial and technological developments in major countries in the world, not just in the USA, from the end of the 19th century until 2007 and the likely prospects until the year 2030, not like a clairvoyant but different scenarios depending on various conditions. He places these developments within the context of various economic ideologies and analyzes how they compare in explaining world socioeconomic and political developments. Subjects he covers are very wide and encompass just about every major socioeconomic and political issue that have shaped the world history and are likely to impact the near future. His approach is not a doomsday prediction ; he doesn't just talk about the problems. He criticizes applications where necessary but also presents his opinion about what should be or should have been done or not done to prevent or solve specific socioeconomic crises.
The narrator in the CD,Robertson Davis, also deserves credit, because he speaks very clearly. So if you are involved in economics, business, finance, investment, politics and consumption in anyway anywhere in the world, not just in the USA, and that means just about everybody, you can not afford to not read / listen to The Age of Turbulence.
I listened to this CD and I was writing this review in September 2008 just as the financial hurricane that was taking place at that time in the USA had swallowed several famous investment banks and its effects rippled across the world. The crisis was still continuing as I was writing this review. This is a time when we all really need to digest Mr. Alan Greenspan's wisdom from his book.
Customer Rating:
Summary: A Treasure
Comment: This is very well written book by a brilliant economist. A history of a person in a very influential and challenging position offering powerful descriptions of these experiences.
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Editorial Reviews:
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Customer Rating:
Summary: dry subject made interesting
Comment: I'm about halfway through the book and find it fascinating. I am not an economist nor a policy wonk, but his interfaces with administrations from Nixon to the present, make for a deeper understanding of why the economy functions the way it does.
Customer Rating:
Summary: Straight from the maestro
Comment: A must read for anyone interested in economics in general especially economics at the macro level. Especially with current economic crisis changing rules and shaking faith in 'laissez faire' capitalism.
People now blame him for the crisis, I think it is not the individual but the ideology that did us in to this mess. History will judge him for years but this is a must glimpse in the life and mind of an intellectual who played a towering role as world's central banker.
In the end, free markets don't work with proper legal framework put in place. One would argue US has the best legal framework to support free markets but I would say it was the loopholes which created absence of it and then it was free for all take what you can get looting. I would think Mr. Chairman will agree with this, although what level of regulation can we put in place and who will decide when is the right time to put a brake is debatable. The party lasted long on the street after easy fed money was gone but the liquidity in the global market allowed the party to continue. Potentially he could have ended the carry trade party earlier but again all this can be said with benefit of hindsight.
The book is a great auto biography of an important intellectual of our times written in very accessible style language and representation. A necessary read in our times and may be for future generations to avoid the similar if I may "Irrational Exuberance!".
Customer Rating:
Summary: Fedspeak, part 2
Comment: What amazed me about this book was how little the book talked about economic policy and its underpinnings. Why did the fed do what it did during Greenspan's tenure? If you are looking for answers to that sort of questions, you will get nothing from this book. In fact, it is not clear if Greenspan even has a framework for monetary policy. For instance, he does not have great regard for Keynes' work, but almost everything he did would appear to be Keynesian. No explanations are offered. I found Alan Blinder's book a lot more illuminating on substantive issues.
What you will get from this book is a lot of commentary on personalities of powerful politicians---a subject for which the author demonstrates more passion than any other. This is perhaps the book's redeeming feature: it is admittedly somewhat interesting and perhaps gives us a glimpse into why really Greenspan was one of the most powerful people in Washington for such a long tenure.
It did get me thinking very differently about fedspeak though: I was constantly reminded of Peter Sellers in "Being there", as I read the book. Perhaps for that insight alone, my money was well spent on the book.
Customer Rating:
Summary: Highly recommended to everybody involved in economics, business, investment and finance
Comment: People who are very knowledgeable about a subject seldom have the skill to communicate their knowledge to the general public. The ex Federal Reserve Bank chairman Mr. Alan Greenspan is one of those rare individuals. No doubt he has great wisdom , theoretical and practical knowledge of world economics, business, investment , finance and politics. But more important he very clearly explains these topics in his masterpiece called The Age of Turbulence not only to the general public not specialized in these subjects but also to professionals and experts. That's right even students and professors of economics and business, investment counselors, businessman, investors etc. have a lot to gain from reading or listening to the CD of The Age of Turbulence. The reader does not have to agree with everything Mr. Greenspan says and that does not reduce the benefit to be derived from reading the book or listening to the CD.
In the Age of Turbulence the author explains very clearly and in a non boring way without using too much technical jargon the economic, political, social, business, financial and technological developments in major countries in the world, not just in the USA, from the end of the 19th century until 2007 and the likely prospects until the year 2030, not like a clairvoyant but different scenarios depending on various conditions. He places these developments within the context of various economic ideologies and analyzes how they compare in explaining world socioeconomic and political developments. Subjects he covers are very wide and encompass just about every major socioeconomic and political issue that have shaped the world history and are likely to impact the near future. His approach is not a doomsday prediction ; he doesn't just talk about the problems. He criticizes applications where necessary but also presents his opinion about what should be or should have been done or not done to prevent or solve specific socioeconomic crises.
The narrator in the CD,Robertson Davis, also deserves credit, because he speaks very clearly. So if you are involved in economics, business, finance, investment, politics and consumption in anyway anywhere in the world, not just in the USA, and that means just about everybody, you can not afford to not read / listen to The Age of Turbulence.
I listened to this CD and I was writing this review in September 2008 just as the financial hurricane that was taking place at that time in the USA had swallowed several famous investment banks and its effects rippled across the world. The crisis was still continuing as I was writing this review. This is a time when we all really need to digest Mr. Alan Greenspan's wisdom from his book.
Customer Rating:
Summary: A Treasure
Comment: This is very well written book by a brilliant economist. A history of a person in a very influential and challenging position offering powerful descriptions of these experiences.
The Age Of Turbulence is Alan Greenspan’s incomparable reckoning with the contemporary financial world, channeled through his own experiences working in the command room of the global economy longer and with greater effect than any other single living figure. Following the arc of his remarkable life’s journey through his more than eighteen-year tenure as chairman of the Federal Reserve Board to the present, in the second half of The Age of Turbulence Dr. Greenspan embarks on a magnificent tour d’horizon of the global economy. 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.
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