Author: Alan Greenspan
Translator: Hyundai Economic Research Inst.
Publisher: Book@Books
Hardcover | 736 pages | 230*160mm
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| >>>This book is written in Korean. |
About This Book
In the immediate aftermath of September 11, 2001, in his fourteenth year
as Chairman of the Federal Reserve Board, Alan Greenspan took part in a
very quiet collective effort to ensure that America didn't experience an
economic meltdown, taking the rest of the world with it. There was good
reason to fear the worst: the stock market crash of October 1987, his
first major crisis as Federal Reserve Chairman, coming just weeks after
he assumed control, had come much closer than is even today generally
known to freezing the financial system and triggering a genuine
financial panic. But the most remarkable thing that happened to the
economy after 9/11 was...nothing. What in an earlier day would have
meant a crippling shock to the system was absorbed astonishingly
quickly.
After 9/11 Alan Greenspan knew, if he needed any further reinforcement,
that we're living in a new world - the world of a global capitalist
economy that is vastly more flexible, resilient, open, self-directing,
and fast-changing than it was even 20 years ago. It's a world that
presents us with enormous new possibilities but also enormous new
challenges. The Age of Turbulence is Alan Greenspan's 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 and for
ill-channeled through his own experiences working in the command room of
the global economy for longer and with greater effect than any other
single living figure. He begins his account on that September 11th
morning, but then leaps back to his childhood, and follows the arc of
his remarkable life's journey through to his more than 18-year tenure as
Chairman of the Federal Reserve Board, from 1987 to 2006, during a time
of transforming change.
Alan Greenspan shares the story of his life first simply with an eye
toward doing justice to the extraordinary amount of history he has
experienced and shaped. But his other goal is to draw readers along the
same learning curve he followed, so they accrue a grasp of his own
understanding of the underlying dynamics that drive world events. In the
second half of the book, having brought us to the present and armed us
with the conceptual tools to follow him forward, Dr. Greenspan embarks
on a magnificent tour de horizon of the global economy. He reveals the
universals of economic growth, delves into the specific facts on the
ground in each of the major countries and regions of the world, and
explains what the trend-lines of globalization are from here. 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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