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Exploring the Essential Features of “Ray Canterbery – Alan Greenspan: The Oracle Behind The Curtain”
Alan Greenspan: The Oracle Behind The Curtain
by E Ray Canterbery (Author)
There is an endless supply of rave reviews for Alan Greenspan and the Fed. This is due to Greenspan’s political manipulations, the reluctance of politicians to challenge the Federal Reserve, the press corps’ willingness to trade glowing reviews for access, and private economists with ambitions of becoming Fed Governors. With Greenspan’s announced retirement, the devastating effects of Fed actions are mounting. Even as institutional reforms are suggested, it is shown how they have been blocked by an ideology favored by financial wealth-holders at the expense of wage labor.This thought-provoking new title, by the highly acclaimed author of Wall Street Capitalism and A Brief History of Economics, provides a much-needed counterbalance to the mythical distortions of Alan Greenspan. Canterbery exposes Greenspan’s fundamentalist market ideology as overwhelming rationality in the making of economic policy. He depicts a Fed selfishly guarding its political independence, even as Greenspan has his way in virtually every major economic and social policy affecting the global economy since the Ford Administration.This book reveals the hidden nodes of power that give the Fed vast authority over the global economy. It also explains why it is so important not only to understand those powers, but also to appreciate why they are resistant to moderation.
Product description
Review
a gifted writer who avoids jargon and unnecessary abstraction — Journal of Economic Issues “Journal of Economic Issues”
Product details
Publisher : World Scientific Publishing Co Pte Ltd; Annotated edition (14 Feb. 2006)
Language : English
About the author
E. Ray Canterbery
One of the most respected economists worldwide, E. Ray Canterbery is the author of many acclaimed books, including, most recently, The Rise and Fall of Global Austerity, Harry S. Truman: The Economics of a Populist President, and The Global Great Recession. He has also published a novel, Black Box, Inc., while authoring two biographies (Alan Greenspan: The Oracle Behind the Curtain and F. Scott Fitzgerald: Under the Influence, with Thomas D. Birch), as well as other works in economics. His A Brief History of Economics is a best-seller, and his The Making of Economics is a classic. He also is the author of some 100 articles and reviews. He is currently working on Beyond Conventional Economics and a novel of F. Scott Fitzgerald’s life entitled Scott.
Canterbery has served as President of the Eastern Economics Association and of the International Trade and Finance Association. In January 1996, Prentice-Hall, Inc. selected him for one of their 100 Hall of Fame Economist Baseball Cards for “significant contributions to the economics discipline,” including “developing one of the first complete mathematical theories of foreign exchange.” He was a Truman Scholar during 2001-04, during which he collected copies of documents related to his book on Harry Truman.
The International Biography Centre in Cambridge, England includes Canterbery among 500 persons worldwide in its Living Legends (2004), among 2000 scholars worldwide in its Outstanding Scholars in the 21st Century (2002), in 1000 Great Intellectuals (2002), in 2000 Outstanding People (2003), and in One Thousand Great Americans (2003). The American Biographical Institute includes Canterbery in its Great Minds of the 21st Century (2002) and American Biography (2003). In the same year, John Kenneth Galbraith, who knew both John Maynard Keynes and Michal Kalecki, called Canterbery “the best.” He has also been listed in Marquis Who’s Who in the World and Who’s Who in America, as well as other biographical sources.
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