Greenspan's Taming of the Wave New Storms Challenging the New Economy Unknown - 2002

From the publisher

Awarded the 12th Turgot special prize for the economics and financebook of the year in 1999.This unique book considers the biggest economic issue of our time; whether world markets are destined for continual waves of boom and bust or whether they are now set on a more positive long-term up-swing, as appears to be the view of Alan Greenspan. During Alan Greenspan's tenure at the US Federal Reserve Board the US economy has consistently outperformed expectations. Greenspan has not been panicked by recessionary pressures and has held faith in the view that, despite short term setbacks, the world economy is locked into a steady long term upward cycle and is about to enter another 'Golden Age' comparable to that of the late 19th and early 20th Century. The world's rapid recovery from the 1998 Asian crisis supports the theory almost conclusively and had drawn considerable interest from the world's financial and business community. In this insightful book, Frangois-Xavier Chevallier explains the theory, presents its historical context, shows how Greenspan has harnessed it and predicts how the 'Golden Age' might develop. The original French edition of this book, Le bonheur iconomique, was awarded the 12th Turgot special prize for the economics and finance book of the year in 1999.