The Age of Turbulence

Like his career, Alan Greenspan’s “The Age of Turbulence” is long, but with many highlights.  The first 250 pages are primarily autobiographical with much detail given to his government work under President Ford and as Fed Chairman.  The last 250 pages are a collection of essays on a variety of economic topics ranging from analyses of several countries to education, energy and population demographics.  It was interesting to see how often business cycles have repeated themselves over the last century and his insistence that the concepts of the rule of law and creative destruction are the necessary foundations of a capitalistic marketplace.  It was published in June 2007 and, therefore, doesn’t include any mention of the most recent stock market decline.  It’s not too technical, but really only a gift idea for economics or finance geeks.

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