Customer Reviews

Greenspan's Taming of the Wave: Or a Golden Age Revisited

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Francois-Xavier Chevallier's work is truly exceptional. The book has given the right momentum to the thought of economic phenomena proceeding by alternative phases of expansion and comparison. The book has certainly taken me to the Golden Age. The Marvellous clock depicted in the book has made me think about the next up wave that is round the corner as suggested by the book. If the Central Bankers would have thought in the lines of Fed's Chairman and emphasized on the long wave phenomena then they would have been able to avert the recessionary period the world is witnessing now. This book is definitely worth having in the Library. It would have scored a top star rating if the author had explained how Greenspan read the early signals and pulled out the US from the down wave. However, the author requires aprreciation for his work in putting forward the Long Wave Theory through this book with statistical validation. The best part of the book is how the Kondrateiff Cycle is examined and compared with the present scenarios.