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.