The Age of Turbulence: Adventures in a New World
by Alan Greenspan
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Book Summary Information
Author: Alan GreenspanContributor: Robertson Dean
Edition: Music CD
Format: Audiobook
Published: 2007-09-17
ISBN: 0143142593
Publisher: Penguin Audio
Book Reviews of The Age of Turbulence: Adventures in a New World
Book Review: A good insight to Macroeconomics
Summary: 4 Stars
I purchased the CDs to listen in my car while I commute to learn more about Global and Macroeconomics. While it was not a classroom education it was well worth the time and money.
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.
Summary of The Age of Turbulence: Adventures in a New World
Alan Greenspan conveys the education of a lifetime.General Books
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