- Audio CD
- Publisher: Penguin Audio; Unabridged edition (September 17, 2007)
- Language: English
- ISBN-10: 0143142593
- ISBN-13: 978-0143142591
- Product Dimensions: 5.5 x 2.2 x 5.8 inches
- Shipping Weight: 15.5 ounces (View shipping rates and policies)
- Average Customer Review: 342 customer reviews
- Amazon Best Sellers Rank: #2,317,826 in Books (See Top 100 in Books)
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The Age of Turbulence: Adventures in a New World Audio CD – Audiobook, Unabridged
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From Publishers Weekly
Greenspan offers a revealing yet monotonous look at the inner workings of the Federal Reserve and his career. Beginning with his childhood in Manhattan, where he learned percentages by memorizing Yankee batting statistics, Greenspan relates his tremendous passion for economics and politics that propelled him to become chairman of the U.S. Federal Reserve for nearly 20 years. While various tales about his often-troubled relationships with former presidents and their administrations will appeal to history buffs, the material is presented in a manner that makes the narration long-winded and dreary. As a biographical work, narrator Dean has little room for lyrical improvisation, and his solitary voice drones. An endless spew of facts and figures takes away from the more interesting aspects of the book, such as Greenspan's criticisms of the Bush administration and the war in Iraq. While his pitch and clarity is perfect, Dean's voice becomes nagging and repetitive. It's disappointing that the author-read introduction included in the abridged audio version is not used here to provide a brief change in tone. The uninspired text and dialogue makes listening a tedious exercise by the halfway point. Simultaneous release with the Penguin Press hardcover.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
About the Author
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 cofounded the economic consulting firm Townsend-Greenspan & Co. From 1974 to 1977, he served as chair of the Council of Economic Advisors 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. He is the author of the number one New York Times bestseller The Age of Turbulence.
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As someone who was a titan in the business and consulting world and then held the post of the federal reserve chairman, (one of the top five most powerful positions in the world) for over two decades, he has a tremendous story to tell. The first half of the book which talks about his professional life, largely provides a historical glance into 20th century America, from the great depression till date. The second (part), delves into his take on issues such as world economics, corporate governance, inequality, globalization, capitalism, market forces, deregulation etc. In most, if not all instances, he offers a convincing argument and explanation for his stances.
At times his language is a little difficult to grasp but overall it is a fantastic read.
I recommend heartily.
The first several CDs cover Mr. Greenspan's early life and give a great deal of insight into how his views developed. They are very light, laced with dry (but quite amusing) humor and move along very quickly. Upon learning of his close friendship with Ayn Rand, much of his manner and opinion comes into clear focus.
Namely, Mr. Greenspan is a unapologetic Free Market Capitalist. His arena is Global Macroeconomics and he embraces "Creative Destruction" wholeheartedly. While he does address the hardships of this, it is in a purely pragmatic approach. I get the feeling he does care about the socioeconomic fallout but this is not the purpose of these CDs.
The middle CDs are sometimes difficult for a lay person to follow but are worth repeating to gain a better understanding. His explanations of Developing Markets, Populism, and the demise of Central Planning are very detailed and interesting.
I found I enjoyed the last CDs the most as they address current global uncertainties. The spike in oil prices, the fall of the dollar, accounting scandals, changing labor markets, and need to address energy consumption. You may not agree with him on principal but he presents solid arguments in his favor.
I recommend this collection to lay people interested in gaining a better understanding of Global macroeconomics and, oddly, those opposed to Globalization. While the latter may sound odd Mr. Greenspan presents his argument clearly and concisely. There are no vaguaries in his points and this allows reasoned response to to these issues.