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About the book
  • Published: 29 October 2018
  • ISBN: 9780241365908
  • Imprint: Allen Lane
  • Format: Hardback
  • Pages: 496
  • RRP: $55.00
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Capitalism in America

A History




The story of America's evolution from a small patchwork of colonies to an unsurpassed engine of wealth and innovation.

Where does innovation come from, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, and others, including our own, see the opposite? In Capitalism in America, Alan Greenspan distils a lifetime of grappling with these questions into a master reckoning with the decisive drivers of the US economy over the course of its history. In partnership with the journalist and historian Adrian Wooldridge, he unfolds a tale spanning vast landscapes, titanic figures, triumphant breakthroughs, enlightenment ideals as well as profound moral failings. Every crucial debate is addressed - from the role of slavery in the antebellum Southern economy to the real impact of Roosevelt's New Deal and America's violent mood swings in its openness to global trade. At heart, the authors argue, America's genius has been its tolerance for the effects of creative destruction, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. At a time when productivity growth has again stalled, stirring up the populist furies, and the continuation of American pre-eminence seems increasing uncertain, Capitalism in America makes for urgent reading.

  • Pub date: 29 October 2018
  • ISBN: 9780241365908
  • Imprint: Allen Lane
  • Format: Hardback
  • Pages: 496
  • RRP: $55.00

About the Authors

Alan Greenspan

Alan Greenspan was born in 1926 in the Washington Heights neighbourhood of New York City. After studying the clarinet at Juilliard and working as a professional musician, he earned his B.A., M.A., and Ph.D. in Economics from New York University. In 1954, he co-founded the economic consulting firm Townsend-Greenspan & Co. From 1974 to 1977, he served as Chair of the Council of Economic Advisers under President Gerald Ford. In 1987, President Ronald Reagan appointed him Chairman of the Federal Reserve Board, a position he held until his retirement in 2006.


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