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. From 1974 to 1977, he served as chair of the Council of Economic Advisers under President Ford. In 1987, President Reagan appointed him chairman of the Federal Reserve Board, a position he held until his retirement in 2006. He is the author of The New York Times bestsellers The Age of Turbulence, The Map and the Territory. and Capitalism in America.
Larry Summers, Financial Times
"No other American economic policy maker in the past half-century
could have written so thoughtfully about the implications of the
Enlightenment for economic policy or have attempted, as Greenspan
did while in office and does again here, to compute the physical
weight of all the goods that comprise American gross domestic
product. The range of topics and arguments makes this book a very
important statement, whether one ultimately agrees or disagrees
with the author.....Greenspan's range, vision and boldness is
especially important at a time like the present, when Washington is
preoccupied with the political and petty....Greenspan has written a
major work ....[A] splendid book." Burton Malkiel, The Wall Street
Journal
"The Map and the Territory is a model of expositional clarity, with
complex and recondite matters made accessible to the lay reader.
The book should be must reading for anyone interested in the way
our financial markets work--and sometimes fail to do so."
Forbes
"Compelling and hugely enlightening...This exposition of a lifetime
as a practicing economist is full of insights and lessons for
financiers, security analysts, business students and public policy
makers, especially Presidents, congressmen, central bankers and the
FDIC, SEC, CFTC, FHLB. It should be required reading for some of
the insights into the way markets perform." N. Gregory Mankiw, The
New York Times Book Review
"The book offers much wisdom....[Greenspan] sees the world through
a different set of eyes than do many others in his field. He is
driven less by theory, more by data and practical
experience....Greenspan's new book lays out his worldview in light
of the financial crisis, the deep recession and the meager recovery
of the past five years. His critics often condemn him as an
ideologue, but the book demonstrates the unfairness of that
accusation. On a wide range of topics--from monetary, fiscal and
financial policy to productivity, inequality and globalization--he
offers readers a thoughtful, nuanced and open-minded perspective,
tempered by many years of having seen both business and public
policy from the inside....Whether or not you're an economist, you
can't help coming away from The Map and the Territory with greater
insight into many of the crucial issues facing the nation.
Greenspan's path to fame may have been unconventional, but after
reading this book, you'll understand why five American presidents
turned to him and made him one of the great economic policy makers
of our time."
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