Book: The Age of Turbulence: Adventures in a New World
Author: Alan Greenspan
Cost: $35

Whether you agree or disagree with former Federal Reserve Chairman Alan Greenspan’s policies, there’s no arguing that he’s a brilliant economic mind. In his book, released just last month, you will gain insight into that mind.

The first turbulent episode began just weeks into his chairmanship, with the October 1987 stock market crash. It had come much closer than many people understand to freezing the financial system and triggering genuine financial panic. Of course, there was Sept. 11, 2001, when in his 14th year at the Fed, Greenspan took part in a quiet, collective effort to ensure that America didn’t experience an economic meltdown, taking the rest of the world with it. In the end, it was absorbed astonishingly quickly.

After 9/11 it became crystal clear 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 presents enormous new possibilities but also enormous new challenges. In The Age of Turbulence, Greenspan addresses how we got here, what we’re living through and what’s on the horizon, for good and for ill — all through his own experiences. He is the longest tenured (18 years), and arguably the most impactful, Federal Reserve chairman ever. 

His goal is to draw readers along the same learning curve he followed, to gain an understanding of the dynamics that drive world events. In the second half, Greenspan brings readers to the present and tours today’s global economy. He reveals the universals of economic growth, delves into the major countries and regions of the world, and explains what future globalization trend lines mean.