Greenspan: The Man Behind Money Essay -- Essays Paapers

Greenspan The public Behind MoneyIn Justin Martins bulk Greenspan The Man Behind Money, the life of Dr. Alan Greenspan, a man whose expertise in political economy has dramatic onlyy influenced the state of the U.S. economy, is told from a historical perspective and in a semi-chronological order.Alan Greenspan grew up in New York Citys Manhattan. After his parents divorced he went to get with his mother and her parents. Greenspans father rarely visited, yet when he did, Greenspan was extremely happy. This distri exactlyor point struck an emotional cord in that it was evident Greenspan strived to succeed not only for himself but also for the approval of his father. Greenspans father was a NY armory Broker and published a book entitled, Recovery Ahead, a book about President Franklin D. Roosevelts New Deal and the state of the economy. The book had the adjacent inscription May this my initial effort with a constant judgment of you branch into an endless chain of similar efforts s o that at your matureness you may look back and endeavor to interpret the reasoning privy these logical forecasts and begin a like work of your own. Your Dad. (4) This would eventually come Greenspans mission in life. Although he saw his father few clock during his adult life, his father surely new of his sons success through all of the media attention Greenspan received over the years.Greenspan was influenced by his mother, books, and by mentors in his life. piece of music in attendance at Columbia University, Greenspan took a seminar on stage business cycles, taught by Arthur Burns. On the first day of class, Professor Burns asked the pastime question, What causes inflation? then said, Excess government spending causes inflation. Greenspan having read legerdemain Maynard Keyne... ...strife of the poor was received with boos and anger. He quickly realized the insensitivity of what he had said and apologized. The book mentions that from his educational background, work exper ience, and his time at his scotch firm Alan Greenspan was destined to become Chair of the federal reserve, but unheeding of the career he had chosen, it seems that Greenspan was destined to succeed-period. After reading this book, I am not only thoroughly impressed by Chairman Greenspan, but I also say Economics from a historical vantage point and its affect on my life-past, present, and future. Justin Martin went to great lengths to, in detail, explain the principles behind political economy in such a way that made it easy to understand and enjoyable to read. Works CitedMartin, Justin. Greenspan The Man Behind Money. Cambridge, Massachusetts Perseus Publishing, 2000.