A well-crafted, thorough biography sure to interest students of the modern economy and financial system.



The life of perhaps the wonkiest financial theorist to sit at the helm of the Federal Reserve.

Alan Greenspan (b. 1926) is infamous for having led the government’s chief financial institution in the years when all the perfect-storm conditions were setting up for the economy to tank and for, at least until that collapse, pressing an Ayn Rand–derived libertarian case whenever he could. Financial journalist Mallaby (More Money than God: Hedge Funds and the Making of a New Elite, 2010, etc.) offers correctives and nuances to this view in this not uncritical portrait. As a math whiz kid with an interest in politics, Greenspan held a cautious contempt for the gray mass culture of the 1950s, “despite his eagerness to share in the prosperity it brought.” While he played golf and drove nice cars, sure, he also came to a rightist critique that turned, as Mallaby writes, on his membership in “a fringe group that was one part libertarian salon, two parts strange cult,” namely the circle around the Russian egotist Rand and its embrace of a particularly austere brand of logical positivism. Greenspan’s ideological purity did not preclude him from mixing in society—he dated Barbara Walters, after all—but it certainly seemed to reinforce an otherworldliness that prized theory over reality. In matters economic, Mallaby writes, Greenspan urged a kind of limited-government, free-market vision that rested uneasily with the close management required of the Fed. In that role, Greenspan took risky positions, including a complacent view of the housing bubble; after all, “subprime lending and mortgage securitization had been around for years without triggering a catastrophe,” though catastrophe is what ensued on his watch. Even so, as Mallaby closes by noting, Greenspan was not wholly averse to regulation, made financial calls that were seen as sound at the time, and may not have been able to ward off a crisis that was many years in the making.

A well-crafted, thorough biography sure to interest students of the modern economy and financial system.

Pub Date: Oct. 11, 2016

ISBN: 978-1-59420-484-5

Page Count: 800

Publisher: Penguin Press

Review Posted Online: July 31, 2016

Kirkus Reviews Issue: Aug. 15, 2016

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If the authors are serious, this is a silly, distasteful book. If they are not, it’s a brilliant satire.


The authors have created a sort of anti-Book of Virtues in this encyclopedic compendium of the ways and means of power.

Everyone wants power and everyone is in a constant duplicitous game to gain more power at the expense of others, according to Greene, a screenwriter and former editor at Esquire (Elffers, a book packager, designed the volume, with its attractive marginalia). We live today as courtiers once did in royal courts: we must appear civil while attempting to crush all those around us. This power game can be played well or poorly, and in these 48 laws culled from the history and wisdom of the world’s greatest power players are the rules that must be followed to win. These laws boil down to being as ruthless, selfish, manipulative, and deceitful as possible. Each law, however, gets its own chapter: “Conceal Your Intentions,” “Always Say Less Than Necessary,” “Pose as a Friend, Work as a Spy,” and so on. Each chapter is conveniently broken down into sections on what happened to those who transgressed or observed the particular law, the key elements in this law, and ways to defensively reverse this law when it’s used against you. Quotations in the margins amplify the lesson being taught. While compelling in the way an auto accident might be, the book is simply nonsense. Rules often contradict each other. We are told, for instance, to “be conspicuous at all cost,” then told to “behave like others.” More seriously, Greene never really defines “power,” and he merely asserts, rather than offers evidence for, the Hobbesian world of all against all in which he insists we live. The world may be like this at times, but often it isn’t. To ask why this is so would be a far more useful project.

If the authors are serious, this is a silly, distasteful book. If they are not, it’s a brilliant satire.

Pub Date: Sept. 1, 1998

ISBN: 0-670-88146-5

Page Count: 430

Publisher: Viking

Review Posted Online: May 20, 2010

Kirkus Reviews Issue: July 15, 1998

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An engrossing memoir as well as a lively treatise on what extraordinary grace under extraordinary pressure looks like.

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The former first lady opens up about her early life, her journey to the White House, and the eight history-making years that followed.

It’s not surprising that Obama grew up a rambunctious kid with a stubborn streak and an “I’ll show you” attitude. After all, it takes a special kind of moxie to survive being the first African-American FLOTUS—and not only survive, but thrive. For eight years, we witnessed the adversity the first family had to face, and now we get to read what it was really like growing up in a working-class family on Chicago’s South Side and ending up at the world’s most famous address. As the author amply shows, her can-do attitude was daunted at times by racism, leaving her wondering if she was good enough. Nevertheless, she persisted, graduating from Chicago’s first magnet high school, Princeton, and Harvard Law School, and pursuing careers in law and the nonprofit world. With her characteristic candor and dry wit, she recounts the story of her fateful meeting with her future husband. Once they were officially a couple, her feelings for him turned into a “toppling blast of lust, gratitude, fulfillment, wonder.” But for someone with a “natural resistance to chaos,” being the wife of an ambitious politician was no small feat, and becoming a mother along the way added another layer of complexity. Throw a presidential campaign into the mix, and even the most assured woman could begin to crack under the pressure. Later, adjusting to life in the White House was a formidable challenge for the self-described “control freak”—not to mention the difficulty of sparing their daughters the ugly side of politics and preserving their privacy as much as possible. Through it all, Obama remained determined to serve with grace and help others through initiatives like the White House garden and her campaign to fight childhood obesity. And even though she deems herself “not a political person,” she shares frank thoughts about the 2016 election.

An engrossing memoir as well as a lively treatise on what extraordinary grace under extraordinary pressure looks like.

Pub Date: Nov. 13, 2018

ISBN: 978-1-5247-6313-8

Page Count: 448

Publisher: Crown

Review Posted Online: Nov. 30, 2018

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