Sebastian Mallaby: Alan Greenspan - The Man Who Knew
Winner of the 2016 FT & McKinsey Business Book of the Year Award, Sebastian Mallaby’s biography of this titan of finance brilliantly renders the subtlety and complexity of Greenspan’s legacy in a gripping account of high-octane political infighting, hard hitting dialogue and previously unknown stories. Born in 1926, Alan Greenspan was raised in Manhattan by a single mother and immigrant grandparents during the Great Depression but by quiet force of intellect, rose to become a global financial 'maestro'. As Chairman of the Federal Reserve, a post he held for 18 years, he presided over an unprecedented period of stability and low inflation, was revered by economists, adored by investors and consulted by leaders from Beijing to Frankfurt. Yet when the great crash happened only two years after he resigned in 2006, having overseen tumultuous changes in the world's most powerful economy, many blamed him.
Lord Adair Turner describes Mallaby's biography as a 'brilliant account of Alan Greenspan's journey from radical idealogue to politically adept pragmatist, and an excellent analysis of how profound changes within the financial system generated challenges to which that pragmatism was ultimately an inadequate response. A Must read.'
Sebastian Mallaby is a British-born journalist and author, Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations, and contributing columnist at the Washington Post.
Martin Sandbu has been writing about economics for the Financial Times since 2009. He has taught and carried out research at Harvard, Columbia and the Wharton School, and has advised governments and NGOs on natural resources and economic development. He is the author of two books, one on business ethics and one on the eurozone, and has degrees from Oxford and Harvard.