"This edition with a new epilogue published in Penguin Books 2008"--Title page verso

"With a new chapter on the current credit crisis"--Cover

Includes bibliographical references (pages 541-544) and index

"'The Age of Turbulence' is Alan Greenspan's incomparable reckoning with the contemporary financial world, channeled through his own experiences working in the command room of the global economy longer and with greater effect than any other single living figure. Following the arc of his remarkable life's journey through his more than eighteen-year tenure as chairman of the Federal Reserve Board to the present, in the second half of 'The Age of Turbulence' Dr. Greenspan embarks on a magnificent tour d'horizon of the global economy."--Publisher description

Introduction -- 1. City kid -- 2. The making of an economist -- 3. Economics meets politics -- 4. Private citizen -- 5. Black Monday -- 6. The fall of the wall -- 7. A Democrat's agenda -- 8. Irrational exuberance -- 9. Millennium fever -- 10. Downturn -- 11. The nation challenged -- 12. The universals of economic growth -- 13. The modes of capitalism -- 14. The choices that await China -- 15. The tigers and the elephant -- 16. Russia's sharp elbows -- 17. Latin America and populism -- 18. Current accounts and debt -- 19. Globalization and regulation -- 20. The "conundrum" -- 21. Education and income inequality -- 22. The world retires. But can it afford to? -- 23. Corporate governance -- 24. The long-term energy squeeze -- 25. The Delphic future -- Acknowledgments -- A note on sources -- Index

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