The Age of Turbulence: Adventures in a New World | Alan Greenspan

The Age of Turbulence: Adventures in a New World | Alan Greenspan | Anectodal and insightful window into the mind of a financial guru

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The Age of Turbule...

	The Age of Turbulence: Adventures in a New World Alan Greenspan Penguin Press HC, The, 2007 - 544 pages average customer review:based on 274 reviews view larger image
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highly recommended

Best Non-Fiction Of The Year

Outside of some of the economic jargon this book was very easily read. Not only was it a bit of an autobiography but also a great historical perspective of the last 50 years in America. What I enjoyed most was the enlightenment he gave on the role of politics in economic policy. A must read.

Anectodal and insightful window into the mind of a financial guru

This book is an insightful collection of thoughts and predictions from an economist of Greenspan's stature. Age of Turbulence can be separated into two distinct section. In the first, Greenspan traces his steps from a curious boy in New York through experiences in college, private sector, government and ultimately as Chairman of the Federal Reserve. The rest of the book explores economic and policy issues providing Greenspan's opinions on the main problems confronting the World today and into the future. This second portion of the book is a denser read, but contains enough background to allow the casual reader to follow.

Of the whole book, I found his experiences on how government works to be very interesting and revealing. Complementing this, I also found interesting his candid perceptions on the strengths and weaknesses of the major policymakers in the last century. These were formed after working at various levels of government across multiple administrations.

I also appreciated his down to earth analysis of the trends that will shape domestic and foreign markets and how social factors play into these equations. He not only tackled issues of population aging, social security, energy , political stability, globalization and economic growth from a technocratic perspective, but also from a social and philosophical one.

Overall, I gained a lot from this book in terms of policy and economics, and also was entertained by his mix of anecdotes, opinions and analysis.

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Amazing book

GREAT book, and red it non stop. I was ready to read it a second time when reached the last page. Very well written, good English, amazing explanation of the FED, the US Capitalist system, and most institutions. Great Bibliography too. Loooooooooooved it.

brilliant book from a brilliant man

before reading this book i never understood why so many people i consider smart think that Greendpan is extremely intelligent.
Now i do

An OK book

Greenspan is smart and gives a good picture of how the U.S. economy works(and sometimes doesn't).
Near the end of the book he talks about the regulation of markets, in particular the investment industry. He doesn't think much of regulation and says things like hedge funds perform a fundamental good in the economy. Would the country be worse off if a hundred highly leveraged hedge funds closed down tomorrow? I personally don't think so....the country may be better. Charlie Munger thinks that a lot of liquidity brings out a bad side in humans. I think this has been shown with the credit/real estate situation now.
Charlie Munger says that Greenspan overdosed on Ayn Rand. I think so too.
Other than that chapter near the end of the book, its a fairly worthwhile read.

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