The Age of Turbulence
Adventures in a New World
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Narrated by:
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Robertson Dean
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By:
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Alan Greenspan
About this listen
"The book is therefore divided in halves: the first half is my effort to retrace the arc of my learning curve, and the second half is a more objective effort to use this as the foundation on which to erect a conceptual framework for understanding the new global economy. Along the way I explore critical elements of this emerging global environment: the principles governing it; the vast energy infrastructure that powers it; the global financial imbalances and dramatic shifts in world demographics that threaten it; and, despite its unquestioned success, the chronic concern over the justice of the distribution of its rewards. Finally, I bring together what we can reasonably conjecture about the makeup of the world economy in 2030.
"I don't pretend to know all the answers. But from my vantage point at the Federal Reserve, I had privileged access to the best that had been thought and said on a wide range of subjects. I have not been inhibited in reaching for some fairly sweeping hypotheses."
-Alan Greenspan
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The international monetary system has collapsed three times in the past hundred years, in 1914, 1939, and 1971. Each collapse was followed by a period of tumult: War, civil unrest, or significant damage to the stability of the global economy. Now James Rickards, the acclaimed author of Currency Wars, shows why another collapse is rapidly approaching - and why this time, nothing less than the institution of money itself is at risk.
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A good review of the global financial system
- By Jean on 04-22-14
By: James Rickards
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Dead Aid
- Why Aid Is Not Working and How There Is a Better Way for Africa
- By: Dambisa Moyo, Niall Ferguson - foreword
- Narrated by: Mike Chamberlain
- Length: 6 hrs and 29 mins
- Unabridged
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A national best-seller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined - and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing the development of the world's poorest countries.
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Dangerous / Right Wing US view
- By David O'Donovan on 03-05-19
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A Monetary and Fiscal History of the United States, 1961-2021
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Alan Blinder, one of the world's most influential economists and one of the field's best writers, draws on his deep firsthand experience to provide an authoritative account of sixty years of monetary and fiscal policy in the United States. Spanning twelve presidents, from John F. Kennedy to Joe Biden, and eight Federal Reserve chairs, from William McChesney Martin to Jerome Powell, this is an insider's story of macroeconomic policy that hasn't been told before—one that is a pleasure to listen to, and as interesting as it is important.
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Listen for Nixon's Sake
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The Instant Economist
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Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists - when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor here tackles all the key questions and hot topics of both microeconomics and macroeconomics, so you can understand and discuss economics on a personal, national, and global level.
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Timothy Taylor is the best
- By Jake on 02-15-15
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Aftershock
- The Next Economy and America’s Future
- By: Robert B. Reich
- Narrated by: Robert Reich
- Length: 4 hrs and 30 mins
- Unabridged
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The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- By CAR TOP CAMPER on 10-06-10
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13 Bankers
- The Wall Street Takeover and the Next Financial Meltdown
- By: Simon Johnson, James Kwak
- Narrated by: Erik Synnestvedt
- Length: 8 hrs and 59 mins
- Unabridged
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Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks, which together control assets amounting to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too big to fail") continue to hold the global economy hostage.
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Easy to Understand and Comprehend
- By Kyle on 04-11-10
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The Alchemists
- Three Central Bankers and a World on Fire
- By: Neil Irwin
- Narrated by: Walter Dixon
- Length: 14 hrs and 15 mins
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Neil Irwin’s The Alchemists is a gripping account of the most intense exercise in economic crisis management we’ve ever seen, a poker game in which the stakes have run into the trillions of dollars. The book begins in, of all places, Stockholm, Sweden, in the 17th century, where central banking had its rocky birth, and then progresses through a brisk but dazzling tutorial on how the central banker came to exert such vast influence over our world, from its troubled beginnings to the age of Greenspan, bringing the listener into the present with a marvelous handle on how these figures and institutions became what they are.
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Couldn't Listen to this narrator
- By Donald on 07-23-13
By: Neil Irwin
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Dealing with China
- An Insider Unmasks the New Economic Superpower
- By: Henry M. Paulson
- Narrated by: Kevin Stillwell
- Length: 18 hrs and 31 mins
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When Hu Jintao, China's then vice president, came to visit the New York Stock Exchange and Ground Zero in 2002, he asked Hank Paulson to be his guide. It was a testament to the pivotal role that Goldman Sachs played in helping China experiment with private enterprise. In Dealing with China, the best-selling author of On the Brink draws on his unprecedented access to both the political and business leaders of modern China to answer several key questions.
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A Valuable Book on China
- By Michael Moore on 09-04-15
By: Henry M. Paulson
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What listeners say about The Age of Turbulence
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall
- Michael
- 02-12-08
An excellent listen with a unique point of view
I really enjoyed this book. While Mr. Greenspan is not really a great author, his insight and perspective are unique and clarifying. Mr. Greenspan has strong libertarian tendencies, but demonstrates realism and practicality in his positions. He blasts tax-break and spend republicans just as strongly as tax and spend democrats (if not more so). He provides glimpses into how several recent presidents and their staffs have approached economics and the politics of taxation, interest rates, and spending. Even the personal vignettes were interesting enough. I would recommend this to anyone interested in the politics of US economic policies.
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3 people found this helpful
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Overall
- Terry
- 04-01-08
Tripled my understanding of our economy
Never even took economics in school, but Greenspan talks about the economic history of America since he began his career after World War II. Fascinating even if you don't understand it all. Explains how capitalism really works, why it's the best system in the world so far, and what it is that keeps thirdworld countries so destitute (hint: unenforced property rights). The last chapter explains how gross domestic product is increasingly based on intellectual property rights, and what that means for our future.
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7 people found this helpful
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Overall
- michael
- 07-07-11
Brilliant
Elegantly written. All of his assertions about the economy may not be entirely on mark. I mean totally hands off legislative policies and total deregulation are not ideal, because unfettered capitalist will run amok, but the book is totally interesting in the historical context in which it is written. And mostly lassiez faire capitalism is probably the best answer, but not entirely.
It is also an inspiring book. If an average Jewish boy from a lower middle class New York neighborhood can rise to the heights of the most powerful man in banking then anything is possible for anyone, right?
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1 person found this helpful
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Overall
- Anonymous User
- 10-13-07
the age of turbulence
Very interesting first half and last few chapters. The middle was better suited for an economist. For a non-economist way over my head.
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Overall
- David
- 09-30-07
Economists beware
The narration is excellent. The book is downloadable in three parts. The content is disappointing and a bit smug. Ideal, for anyone who hasn't spent much time studying Economics. Economists can buy it to help them get to sleep.
Greenspan has decided to take many of the headline topics in the history of economic doctrines and couch them in everyday words, reinforcing the concepts by adding his own highly general comments. As one would expect, the poorly read mainstream media has already installed Greenspan as a genius -- a term with which he feels entirely at home. I was astounded at the naivite of his knowledge of modern Economics. For example, he claims he was influenced by H. De Soto when the two met. It was de Soto that led him to think that establishing a dedicated system of property rights could lead to an expansion of wealth in the Third World. But, property rights have been on the table in economics since at least Coase's time in the 1930's and have long been a well known specialty at schools like UCLA, the University of Virginia, and VPI. Giants in economic thought like Buchanan, Tullock,Demsetz, Alchian, and Hirchleifer have always emphasized the essential nature of property rights. I was taught this 30 years ago. How come it took Mr. Greenspan so long to get it?
When he gets to Adam Smith he finds someone worthy of apotheosis. Yet, he misses the most
important part of Smith's analysis -- namely that "free international trade" can expand the scope of the market and allow the otherwise limited division of labor and specialization of industry. R. Coase and G. Stigler have much more penetrating insights into Smith than Mr. Greenspan. But, they didn't serve as the head of the US central bank. They didn't enjoy making routine speeches to jet-setting, caviar filled bellies at Davos.
In summary, I expect the book will be justly panned at our major universities. Mr. Greenspan is in danger of breaking his own arm patting himself on the back.
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36 people found this helpful
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Overall
- Michael K.
- 12-12-07
Great memoir - little insight
I was a little disappointed with Greenspan's efforts as it did not provide nearly as much insight into his and the Fed's thinking and process as was hyped - most of the information he presented is already common knowledge amongst market participants; however, the memoir aspect of how he, the markets and the Fed evolved were very enjoyable.
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1 person found this helpful
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Overall
- Joseph
- 10-16-07
More than meets the ear
Mr. Greenspan touches issues of such sensitive nature after giving a full history of their origin and evolution. He hints at the source of economic destabilization as the loss of the "invested" base of society - those who save and construct or build wealth. The US savings rate plunged negative for the first time in US history in the post 9/11 era. This loss of economic base has complexed and weakened the economy and made historic economic models invalid. Greenspan addresses the way forward in candid, bold foresight.
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Overall
- Martha
- 09-20-07
Non Partisan Truth
Buy, listen, suggest. He knows more than most of us. I believe him and you should make your own evaluation.
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25 people found this helpful
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Overall
- stpal001
- 09-25-08
I'm not an economist, but...
Remember the TV commercials in which a brain surgeon would reveal he wasn't really a brain surgeon, but he did stay at a Holiday Inn Express last night? That was my reaction to "The Age of Turbulence". So no, I'm not an economist, but I did read Alan Greenspan's book last night.
Robertson Dean's narration was outstanding as he wove through a deeply detailed insider's history of the economy over the last 30 years. Not surprisingly, Greenspan shares his world view of macroeconomics by connecting many disparate dots to form a coherent view of the modern global economy. For me the book was filled with many "Ah-Ha" moments in which I finally understood the roots of some of the economic issues which shaped my own life. Many of the topics, particularly his predictions on the fate of disinflation were simply fascinating.
By the end of the book, I found almost all of my lay person-level macroeconomic questions answered. As I write this review, in the midst of the September 2008 Wall Street meltdown, I find myself compeltely at ease. Greenspan innoculates the reader with a long-range vision which puts the current irrational fears into perspective. After sitting through Greenspan's tutorial in "Age of Turbulence", you will see events like these for what they are: opportunities.
I was sad to come to the end of this story. I could have listened for twice as long and I hope the maestro thinks about doing another book.
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2 people found this helpful
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Overall
- Lady Di
- 12-01-07
Favorite non-fiction of the year
A great book, covering all sorts of aspects of the global economy, social economics, and human psychology. It's 20 hours but you'll stay enthralled the whole way.
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1 person found this helpful