Alan Greenspan is een Amerikaanse econoom, algemeen beschouwd als een toonaangevende autoriteit op het gebied van binnenlands economisch en monetair beleid. Zijn invloed duurt tot op de dag van vandaag voort, hoewel zijn ambtsperiode als voorzitter van de Federal Reserve werd gekenmerkt door zowel lof voor het navigeren door economische uitdagingen als kritiek op beleid dat door sommigen werd gezien als bijdragend aan een huizenbubbel.
Like all of us, though few so visibly, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. How had our models so utterly failed us? Virtually every day, we make wagers on the future - but, even when we're not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date. The Map and the Territory is an important attempt to update our forecasting conceptual grid using twenty-first-century technologies, offering a lucid and empirical grounding in what we can know about economic forecasting and what we can't.
An inspiring, rip-roaring read - like the astonishing story it describes' Liam Halligan, Daily Telegraph. Where does prosperity come from, and how does it spread through society? What role does innovation play in creating prosperity, and why do some eras see its benefits spread more democratically while others do not? Alan Greenspan, former Chair of the Federal Reserve, distills a lifetime of grappling with these questions into a profound assessment of the decisive drivers of the US economy throughout its history. Alongside historian Adrian Wooldridge, he unfolds a narrative of vast landscapes, titanic figures, and significant breakthroughs, alongside moral failings. Every crucial American economic debate is explored, from slavery's role in the antebellum Southern economy to America's fluctuating openness to global trade. The authors argue that America's genius lies in its embrace of creative destruction—the relentless cycle of the old giving way to the new. Though messy and painful, this process has elevated the majority of Americans to unprecedented living standards. As productivity stalls and populist sentiments rise, the work explains why America has thrived in the past and remains a formidable engine of economic growth.
"In Capitalism in America, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the celebrated Economist journalist and historian Adrian Wooldridge, he unfolds a tale involving vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as terrible moral failings. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact. But to read Capitalism in America is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. At heart, the authors argue, America's genius has been its unique tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Often messy and painful, creative destruction has also lifted almost all Americans to standards of living unimaginable to even the wealthiest citizens of the world a few generations past. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy. For now, in our time, productivity growth has stalled again, stirring up the populist furies. There's no better moment to apply the lessons of history to the most pressing question we face."--Jacket
The foundations of capitalism are being battered by a flood of altruism, which is the cause of the modern world's collapse. This is the view of Ayn Rand, a view so radically opposed to prevailing attitudes that it constitutes a major philosophic revolution. In this series of essays, she presents her stand on the persecution of big business, the causes of war, the default of conservatism, and the evils of altruism. Here is a challenging new look at modern society by one of the most provocative intellectuals on the American scene. This edition includes two articles by Ayn Rand that did not appear in the hardcover edition: “The Wreckage of the Consensus,” which presents the Objectivists’ views on Vietnam and the draft; and “Requiem for Man,” an answer to the Papal encyclical Progresso Populorum.
Like all of us, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. This title integrates the history of economic prediction, and the work of behavioural economists to offer a grounding in what we can know about economic forecasting and what we can't
The post 9/11 global economy is a new and turbulent system - vastly more flexible, resilient, open, self-directing, and fast-changing than ever before. The Age of Turbulence will be an incomparable reckoning with the nature of this new world - how we got here, what we're living through, and what lies over the horizon, for good or ill, channelled through Greenspan's own experiences working in the command room of the global economy for longer and with greater effect than any other single living figure. He will share the story of the extraordinary years he has experienced and shaped, and the individuals who made strong impressions on him, including every US President from Nixon to George W. Bush. But his main goal is to draw readers along the same learning curve he followed, so they have a grasp of his own hard-won, layered understanding of the dynamics that drive world events.
"Thoroughly updated and expanded since its original publication, including a new chapter on China, currencies, and gold, The Map and the Territory 2.0 is the author's summa on making predictions about markets and economies, in theory and in practice. Alan Greenspan offers a thrillingly lucid and empirical argument about what exactly we can and can't know about economic decision making. With his trademark wisdom and nuance, he devises a brand-new economic map, one that integrates the history of economic prediction, the recent work of behavioral economists, and the lessons of his own remarkable career into a framework useful for businesses and governments alike in facing the uncharted territories ahead." -- Cover, p. [4]
Biografie guru americké ekonomiky! Předseda rady guvernérů federálního rezervního systému USA Alan Greenspan nás provází dobrodružným světem globální ekonomiky. Ukazuje obecné principy ekonomického růstu, srovnává konkrétní fakta v ekonomikách všech velkých zemí a oblastí světa a vysvětluje, kam odtud směřují linie trendu globalizace. Svůj pohled na ekonomiku a vlastní zkušenosti popisuje jako VĚK TURBULENCE, který nám nabízí nové obrovské možnosti, ale také nové obrovské hrozby. Kniha je pokusem porozumět povaze tohoto nového světa, jak jsme se sem dostali, co vlastně prožíváme a co leží za obzorem, ať již pro naše dobro či zlo. Greenspanovy cenné zkušenosti z praxe dotvářejí celkový obraz pochopení globální tržní ekonomiky.
