Age of Greed

The Triumph of Finance and the Decline of America, 1970 to the Present

By Jeff Madrick
(Vintage Books, Paperback, 9781400075669, 480pp.)

Publication Date: June 12, 2012

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A vivid history of the economics of greed told through the stories of those major figures primarily responsible.
"Age of Greed" shows how the single-minded and selfish pursuit of immense personal wealth has been on the rise in the United States over the last forty years. Economic journalist Jeff Madrick tells this story through incisive profiles of the individuals responsible for this dramatic shift in our country's fortunes, from the architects of the free-market economic philosophy (such as Milton Friedman and Alan Greenspan) to the politicians and businessmen (including Nixon, Reagan, Boesky, and Soros) who put it into practice. Their stories detail how a movement initially conceived as a moral battle for freedom instead brought about some of our nation's most pressing economic problems, including the intense economic inequity and instability America suffers from today. This is an indispensible guide to understanding the 1 percent.

About the Author
Jeff Madrick's most recent book is "Why Economies Grow." He is a regular contributor to the "New York Review of Books" and a former economics columnist for the "New York Times." He is editor of "Challenge" magazine and senior fellow at the New School's Schwartz Center for Economic Policy Analysis.
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