Few people have a deeper understanding of the American economy than Alan Greenspan, legendary former chairman of the Fed.
And there’s no better moment to apply the lessons of history to the most pressing questions we face. Together with his co-author, noted Economist writer and historian Adrian Wooldridge, Greenspan joins Gillian Tett, US managing editor of the Financial Times, for a discussion about their landmark new book, Capitalism in America: A History.
They’ll give a sweeping view of America’s evolution from a small patchwork of colonies to the most powerful engine of wealth and innovation the world has ever seen. They’ll tackle the riddle of innovation: where does it come from, and how does it spread throughout a society? They’ll ask why America is uniquely tolerant of the effects of creative destruction—the ceaseless churn of the of the old giving way to the new, driven by new people and new ideas. For now, productivity growth has stalled again, stirring up the populist furies. Will the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic power?
Recorded on October 17, 2018 at 92nd Street Y.
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