Book description
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.
Alan Greenspan was born in 1926 and reared in the Washington Heights
neighborhood of New York City. After studying the clarinet at Juilliard
and working as a professional musician, he earned his B. A., M. A. 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.
