Mallaby, a former Washington Post columnist, is currently a senior fellow at The Council on Foreign Relations. He follows his definitive history of the hedge fund industry, More Money than God, with this magisterial biography of Alan Greenspan, who headed the Federal Reserve from 1987 to 2006. Starting with Greenspan’s early years as a math prodigy and the son of a single mother, Mallaby charts the development of the economist’s Ayn Rand-inflected libertarianism, his work under Nixon as a member of the White House council of Economic Advisors, and, at the Fed, his gradual shift to more pragmatic views. He also shows that Greenspan was not as reflexively anti-regulation as his post-2008 reputation has it; rather, he was unsuccessful in pushing through reforms, and Mallaby speculates whether anyone in Greenspan’s position could have done better.
(This book cannot be returned.)