Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present

Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present

by Jeff Madrick
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Age of Greed 4.8 out of 5 based on 0 ratings. 5 reviews.
juliusa More than 1 year ago
Having lived thorugh all this I found the book a bit long and tedious, however that being said...for those who did NOT live through all the eras that are followed here this is a wonderfully accessible bit of financial history that will explain most of why we are in the mess we are in. Worth the time invested to read.
phkahn More than 1 year ago
"Age of Greed" is a remarkable compendium of the political and business developments that culminated in the 2008 meltdown of the financial system. It is biographically based on the central characters involved from the Nixon administration through the recent financial crisis that peaked in 2008 and includes economists (such as Milton Friedman); presidents (Nixon and Reagan), Fed Chairmen (Burns, Volker and Greenspan); and various financial players, dishonest (Boesky and Milken) as well as just greedy (too many to name). When presented the way Madrick has, the sheer enormity and variety of the disfunction of the financial part of our economy is mind boggling. The political context (the rise of laissez faire market driven economics) with the deregulation of the Carter, Reagan, Clinton and Bush administrations unifies the financial chaos. This book makes an overwhelming case by simply presenting the players as each one acting as a piece of a jigsaw puzzle that results in an overwhelming realization on the part of the reader that we have been living through a sea change and we are in waters that are more treacherous than we ever imagined. "Age of Greed" is one of the best books I have read on the U.S. economy in the age of financialization and globalization.
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