Jon Hilsenrath
Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval
Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval
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- More about Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval
The book "The Power of Two: Janet Yellen and George Akerlof and the American Economy" is a biography and history of the economic and financial crises that helped make the Treasury secretary and former Fed chair who she is today. It explores the long-running intellectual battles over the fragile balance between unruly democratic government and unpredictable markets and how humans think and behave, which shape markets, inform economic policy, and could determine the future of a now-deeply divided nation.
Format: Hardback
Length: 400 pages
Publication date: 08 December 2022
Publisher: HarperCollins Publishers Inc
At the dawn of the 21st century, many of America's leaders believed that free trade, modern finance, technology, and wise government policy had paved the way for a new era of prosperity. Then came a cascade of disasters—a bursting tech bubble, domestic terror attacks, a housing market implosion, a financial system crisis, a deadly global pandemic. These events led to serial recessions, deepened America's political fractures and widened the divide between those best off and everyone else.
Award-winning economics writer Jon Hilsenrath examines what happened, viewing events through the experiences of two historic figures: Janet Yellen was Treasury Secretary, Federal Reserve Chairwoman, and Chair of the White House Council of Economic Advisers. Her husband, George Akerlof, was an imaginative Nobel prize-winning economist. Long before the upheaval of the past two decades, Akerlof warned of the dangers of financial instability and the need for government intervention to prevent a repeat of the Great Depression.
Hilsenrath's book is a vivid portrait of an exceptional woman and a lively history of the economic and financial crises that helped make the treasury secretary and former Fed chair who she is today. It is a must-read for anyone seeking to understand the current economic challenges we face.
Weight: 564g
Dimension: 237 x 160 x 35 (mm)
ISBN-13: 9780063162464
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