Trailer ✓ Capitalism in America PDF by ç Alan Greenspan The book explains really well the factors needed for making capitalism a success It is very readable with examples that everyone can understand Never gets too technical The first half of the book is pretty interesting in that it explains the policies that led to the rise of America as the superpower that we know The second half which is the post war era is a tad too simplistic and misses some real issues and maybe an external outside in perspective Having read A people s history of United States , I found this one lacking in a lot of social economic issues that affect ed the rise fall of capitalism.
Capitalism in America uses history to frame Alan Greenspan s traditional conservative ideology and his prescription for the future maintenance of the macroeconomy With this book as evidence, I submit that his old school brand of conservatism while palatable than the mindless populism currently in vogue relies upon a several convenient omissions from the economic history of the United States, as well as a quintessentially aristocratic perspective on labor For that reason, I am deeply skeptical of his conclusions.
One thing Greenspan shares with Trump s populist movement is his belief that things used to be better Not in terms of living standards Greenspan goes on for several pages about the hardships of colonial life but I was pleasantly surprised how readable and interesting this book turned out to be If you re thinking about reading it spoiler alert, the authors present capitalism and America in a favorable light your best approach would be to download the free Kindle sample, which contains the entire Introduction, which is very nicely done If you like that, your library probably has a copy.
A few tidbits from my notes An ugly truth from the postwar South the planters still needed labor A good source rented convicts from Southern prisons Death rates 11 to 16% per year 1887 A planter remarked, one dies, you get another Frederick Terman of Stanford has as good a claim as anybody to be the father of Silicon Valley He built Stanford s engineering department into a world class institution, built the Stanford Industrial Park and loaned his students Hewlett and Packard 538 from his own pocket in 1939, so the Capitalism in America A history, by Alan Greenspan, is an interesting overview of the history of Capitalism in America, and generally, an examination of economic trends in America from conception to modern times Greenspan is the former chair of the Federal Reserve in the United States, and as chair, a rampant supporter of the high growth, lasseiz faire capitalism that was common in the States in the 1980 s and 1990 s The book has its particular biases, which I will talk about later The book generally examines US economic history for the past few centuries From an Agrarian economy at its inception, to one that promoted chattel slavery, onto industrialization in the 19th century In the 20th century, the US economy began to take t This book, written by one of the supposedly most brilliant chairs of the Federal Reserve in our history, is a major disappointment It essentially is a paean to unfettered capitalism and almost entirely ignores its fundamental and often devastating flaws It either ignores or whitewashes the most serious problems of our age that capitalists have caused or been major contributors to worsening climate change, severe environmental degradation, growing income inequality, the urgent need to reform the financial system, the capitalist oligarchy that controls both political parties, the crushing national debt, the death of organized labor and protections for the working class, and many He conveniently forgets the awful history of how capitalists have fought tooth and nail with bribery, outsized political influence, monopolies and oligarchies, conspiracies, and yes, violence to defe
A compelling narrative which chronologically covers the economic history of the United States The 19th and most of the 20th century are covered in detail with interesting insights but the last 25 years do not get the same attention The last chapter proposes a policy response to America s fading economic dynamism which failed to entirely convince me Nevertheless, well worth reading.
Excellent book about the history of Capitalism in America The title may lead you to believe that this will be a very dry read, and that perhaps you would need a degree in economics to understand what is being said However, Greenspan does a very good job of presenting the material in a way that the layman can understand It is basically a history of our country from the American Revolution to present day America, told from the perspective of capitalism He focuses a great deal on the concept of creative destruction, whereby the creativity and ingenuity to create new and improved ideas and methods ultimately leads to the destruction of the old ways Examples would be electric lighting replacing gas lamps, and the automobile replacing the horse and buggy I applaud the sentiment behind this book The authors recognize that capitalism and free enterprise are becoming increasingly unpopular in the US these days, neither major political party embraces the merits of economic dynamism and limited, smart government, and there is no major voice arguing against central planning So it would be great if someone could push back on current trends They do have some great lines America prospered in large part because it accepted that destruction is the price for creation 390 That s true, and important However, I don t think this book will do the trick It s interesting as an economic history drawing mostly on existing work What Hath God Wrought, The Republic for Which It Stands, Robert Gordon s book and in that respect it may be a useful one volume sto
This is a one volume history of American capitalism that stretches temporally from colonial times to the beginning year of the Trump administration The lead author is a former head of the Federal Reserve and a legendary guru oracle of finance during the 1990s and early 2000s He is not free from concerns that he may have contributed to some of the events in the book through his policies His coauthor is a well known and very skilled business writer for the Economist magazine I suspect that t From The Legendary Former Fed Chairman And The Acclaimed Economist Writer And Historian, The Full, Epic Story Of America S Evolution From A Small Patchwork Of Threadbare Colonies To The Most Powerful Engine Of Wealth And Innovation The World Has Ever SeenShortlisted For The Financial Times And McKinsey Business Book Of The Year AwardFrom Even The Start Of His Fabled Career, Alan Greenspan Was Duly Famous For His Deep Understanding Of Even The Most Arcane Corners Of The American Economy, And His Restless Curiosity To Know Even To The Extent Possible, He Has Made A Science Of Understanding How The US Economy Works Almost As A Living Organism How It Grows And Changes, Surges And Stalls He Has Made A Particular Study Of The Question Of Productivity Growth, At The Heart Of Which Is The Riddle Of 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 Democratically, And Others, Including Our Own, See The Opposite In Capitalism In America, Greenspan Distills A Lifetime Of Grappling With These Questions Into A Thrilling And Profound Master Reckoning With The Decisive Drivers Of The US Economy Over The Course Of Its History In Partnership With The Celebrated Economist Journalist And Historian Adrian Wooldridge, He Unfolds A Tale Involving Vast Landscapes, Titanic Figures, Triumphant Breakthroughs, Enlightenment Ideals As Well As Terrible Moral Failings Every Crucial Debate Is Here From The Role Of Slavery In The Antebellum Southern Economy To The Real Impact Of FDR S New Deal To America S Violent Mood Swings In Its Openness To Global Trade And Its Impact But To read Capitalism in America Is Above All To Be Stirred Deeply By The Extraordinary Productive Energies Unleashed By Millions Of Ordinary Americans That Have Driven This Country To Unprecedented Heights Of Power And Prosperity At Heart, The Authors Argue, America S Genius Has Been Its Unique 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 Often Messy And Painful, Creative Destruction Has Also Lifted Almost All Americans To Standards Of Living Unimaginable To Even The Wealthiest Citizens Of The World A Few Generations Past A Sense Of Justice And Human Decency Demands That Those Who Bear The Brunt Of The Pain Of Change Be Protected, But America Has Always Accepted Pain For Gain, And Its Vaunted Rise Cannot Otherwise Be Understood, Or Its Challenges Faced, Without Recognizing This Legacy For Now, In Our Time, Productivity Growth Has Stalled Again, Stirring Up The Populist Furies There S No Better Moment To Apply The Lessons Of History To The Most Pressing Question We Face, That Of Whether The United States Will Preserve Its Preeminence, Or See Its Leadership Pass To Other, Inevitably Less Democratic Powers