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

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Random House LLC, 2012 - Business & Economics - 464 pages
16 Reviews

A vivid history of the economics of greed told through the stories of those major figures primarily responsible.
 
Age of Greed shows how the single-minded and selfish pursuit of immense personal wealth has been on the rise in the United States over the last forty years. Economic journalist Jeff Madrick tells this story through incisive profiles of the individuals responsible for this dramatic shift in our country's fortunes, from the architects of the free-market economic philosophy (such as Milton Friedman and Alan Greenspan) to the politicians and businessmen (including Nixon, Reagan, Boesky, and Soros) who put it into practice. Their stories detail how a movement initially conceived as a moral battle for freedom instead brought about some of our nation's most pressing economic problems, including the intense economic inequity and instability America suffers from today. This is an indispensible guide to understanding the 1 percent.

  

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

User Review  - Lachinchon - Goodreads

Although Madrick states, "The collapse was the product of decisions of individuals, set upon making fortunes and becoming one of the kings of the mountain, not an inevitable failure of a system", it ... Read full review

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

User Review  - Leland William - Goodreads

This is a good book although a bit technical for the laymen. Madrick's thesis is that the preponderance of financial crises in the past 4 decades (defaults on third world debt in 1982, the stock ... Read full review

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Contents

Walter Wriston
10
Milton Friedman
26
Richard Nixon and Arthur Burns
52
Joe Flom
71
Wanting It All
86
Bailing Out Citibank
96
The Making ofan Ideology
110
Ted Turner Sam Walton and Steve Ross
125
Michael Milken
202
Alan Greenspan
222
Sandy Weill
279
King ofthe World
286
lack Grubman Frank Quattrone Ken Lay and Sandy Weill
318
Angelo Mozilo
351
Jimmy Cayne Richard Fuld Stan ONeill and Chuck Prince
371
Epflogue
393

Jimmy Carter
144
Howard Iarvis and lack Kemp
155
Tom Peters and lack Welch
179
Notes
405
Acknowledgments
443
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About the author (2012)

Jeff Madrick is a regular contributor to The New York Review of Books, a former economics columnist for The New York Times, and editor of Challenge magazine. He is an adjunct professor of humanities at The Cooper Union, and senior fellow at the Roosevelt Institute and at the Schwartz Center for Economic Policy Analysis, The New School. His previous books include The End of Affluence and Taking America, and he has written for The Washington Post, the Los Angeles Times, Institutional Investor, The Nation, and The American Prospect.

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