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Greenspan: The Man Behind Money

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Title: Greenspan: The Man Behind Money
by Justin Martin
ISBN: 0738205249
Publisher: Perseus Publishing
Pub. Date: 18 September, 2001
Format: Paperback
Volumes: 1
List Price(USD): $17.50
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Average Customer Rating: 4.29

Customer Reviews

Rating: 5
Summary: Excellent Read
Comment: Justin Martin has done an excellent job of bringing Alan Greenspan to life. The book is well written and reads like a novel. Greenspan is a fascinating character-- he was a professional jazz musician before he enrolled in NYU to study economics, and was later a member of Ayn Rand's inner circle. Martin does a wonderful job of describing these aspects of Greenspan's life, as well as his later years in Washington and as Chairman of the Fed. So many biographies these days are filled with nasty innuendo and hearsay. But it is obvious that this is a first-rate research job, with quotes and insights from people who have known Greenspan for years. Some of the most interesting commentary comes from Henry Kissinger (who grew up a few blocks from Greenspan in Washington Heights). As the market continues to fluctuate wildly, Greenspan assumes an even more important role in American society. Martin manages to describe some of his economic theories in a way that makes them understandable to a mass audience as well. I would recommend this book very highly to anyone who is interested in life, not just business. Greenspan is as interesting as any fictional character I have ever encountered, and Martin really brings him to life.

Rating: 3
Summary: Quick Read on Greenspan's Life -- But Not Much Economics
Comment: Martin's biography of Alan Greenspan is a quick read for anyone interested in Greenspan's fascinating life. From his early career as a jazz musician, through his days as a millionaire businessman in Ayn Rand's inner circle, through his tenure as chairman of the Council of Economic Advisers, through his "wilderness years", and finally up to and including his current term as chairman of the Fed, this book is peppered with interesting vignettes.

Some of these vignettes, however, detract from the focus of the book. Martin's research seems to have uncovered a multitude of stories about Greenspan's jazz colleagues, Ayn Rand, and other figures in Greenspan's life, which seemed less than necessary in telling Greenspan's story.

Readers only interested in the workings of the Federal Reserve Bank or the economics behind the decisions that Greenspan made in his life of public service are advised to find a different book. Although he does give a rough overview of what was at stake in each of the crises that Greenspan faced at the helm of the CEA and then at that of the Fed, Martin does not go into much economic detail. This omission perhaps makes the book more accessible, but the omission is disappointing, nevertheless.

Rating: 5
Summary: Thought you knew Greenspan, Think Again!
Comment: Amazing book about one of the most intriguing political figures in recent times. Martin's account of Greenspan's life goes well beyond the stories we read daily about his actions as the Federal Reserve Chairman. I was surprised to read about his life as a jazz band player and the 15 years he spent as part of author Ayn Rand's inner circle. These early experiences shaped Greenspan as he is today and offer an insight into his thinking and personality. As a politician, Martin includes Greenspan's interactions with Henry Kissinger, Gerald Ford, and Milton Friedman.

Overall, I found this book to be insightful, thorough, and well-written. It offers a sound historical perspective on Greenspan, but, most importantly, is written to appeal to the average reader who enjoys a good biography. Rather than bore us with tedious political jargon, Martin strives to go deeper into the persona and actions of this incredible individual. A definite "thumbs up" in my opinion.

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