The story of America's evolution from a small patchwork of colonies to an unsurpassed engine of wealth and innovation.
Alan Greenspan worked as a Juilliard-trained professional musician
before studying Economics at New York University, where he earned
his PhD. From 1974 to 1977, he served as chair of the Council of
Economic Advisers under President Gerard 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 bestselling The Age of Turbulence and ofThe Map
and the Territory 2.0.
Adrian Wooldridge is The Economist's political editor and writes the Bagehot column. With John Micklethwait he is the author of The Fourth Revolution, The Right Nation, and God is Back.
This book snaps, crackles and pops... Readers will emerge from this
heady blend of economic, business, and political history with a
sense of exhilaration that so much of the American experience could
be described so vividly and insightfully. -- Robert Gordon *
Financial Times *
Capitalism in America makes a strong case, with some wonderful insights into business history. Innovation, spread to the masses, is indeed the engine of capitalist economies. * The Economist *
A superbly written book ... the tone is businesslike but culturally savvy - with sociological themes from "America's urban nightmare" of the seventies and eighties to "the rising share of working women" handled with sensitivity and skill ... Capitalism in America is an inspiring, rip-roaring read - like the astonishing story it describes. -- Liam Halligan * The Daily Telegraph *
A sweeping and brilliantly told narrative by two authors who have spent their careers thinking about the wellsprings of economic growth. Anchored by the combination of Alan Greenspan's legendary skill with data and talent for analysis, and Adrian Wooldridge's knowledge and perspective on business history, Capitalism in America is full of insights that will surprise you and change your perspective on many of the key episodes of US history. -- Liaquat Ahamed
A work of bold sweep and illuminating insight that tells nothing less than the story of American capitalism - both its extraordinary achievements and its darkest moments - from the earliest days in colonies "at the edge of the world," to the Internet revolution. At a time when "capitalism" itself is a subject of doubt and target of assault, this is a book that the times demand, and one that will contribute much to the debate. -- Daniel Yergin
Greenspan stayed quiet in public. Later, he regretted his failure to more aggressively criticize Bush's policy. Nonetheless, he remains a wise, reality-based, patriotic thinker. But he thinks very differently than I do - and that makes him more worth reading. -- Brad DeLong * Washington Post *