Sep 24, 2012 i have just finished reading the book, volcker. Mar 12, 2020 amity shlaes, author of the forgotten manthis is a wellwritten and comprehensive book that reveals the many attributes of paul volcker. Silber brings his professional and personal relationship with volcker to bear on this significant biography of an american financial icon. Download our free nook app coloring books for everyone things to do at home. Even if it is not officially an authorized biography, it certainly is given from volcker s perspective and with him firmly in the heros chair. The triumph of persistence thus comes at the perfect time, for paul volcker is one of those rare washington figures who know how to think shrewdly about the economy and also how to make broad intentions into hard political realities. July 1944, international monetary fund imf and world. How former fed chairman paul volcker tamed inflation maybe. It is an account of the chairmans personal and professional history, with a focus on professional. How former fed chairman paul volcker tamed inflation.
Volcker served in positions in the treasury department, the federal reserve board, and in 2008 was named chairman of the presidents economic recovery advisory board. Although not the first biography of volcker, silber s book is the most uptodate and blessedly free of jargon. Buy volcker book online at best prices in india on. A videorecorded speech by professor silber was played at the cbn annual meeting in beijing on december 78, when the award was formally announced. As my research for this book unfolded, i realized that paul volcker not only restored price stability in the united states, but he also led a battle. The triumph of persistence ebook written by william l. Volcker to help steer the global economy through turmoil and drastic change. Buy volcker book online at low prices in india volcker. As the financial crisis deepens, a conservative project of volcker takes root. Noted scholar and finance expert silber draws on hours of candid personal interviews and complete access to volckers personal papers to render dramatic behindthescenes accounts from volckers career at the treasury department and the federal reserve. New york university professor william silber and former federal reserve chairman paul volcker talked about mr. Paul volcker, fed chairman who reined in runaway inflation.
Volcker sat for interviews and shared personal documents, which lend the book a singular intimacy, but this is a definitive portrait, not hagiography. Volcker, former chairman of the federal reserve board and professor william l. One evening about two years ago, i was at paul volckers manhattan apartment when the phone rang. Volcker family moves to teaneck, new jersey, where paul sr. He is widely credited with having ended the high levels of inflation seen in the united states during the 1970s. Silber, a professor at new york universitys stern school of business, is more technocrat than traditional biographer, and his detailed book he calls it a biography of volcker. The triumph of persistence, was awarded the china business news cbn 20 financial book of the year.
Now volcker is the subject of a new book called paul volcker. In his new biography, professor william silbers gives behindthescene accounts of paul volckers career at the treasury department and the. All the books listed for the financial times and mckinsey business book of the year. This admiring biography leaves no doubt about silbers view that the world owes paul volcker a great debt. Taylor, a professor at stanford, a senior fellow at the hoover institution and a former treasury undersecretary for international affairs, is the author of first principles. That extraordinary feat was just one pivotal episode in a decadeslong career serving six presidents. Paul volcker tall tale books and arts the economist. Considering volcker s remarks, the complexity of the dodd frank regulations and the banks that have become too big to fail makes one worry about volcker s soul visiting the usa and the world in the future. Volcker by william silber ft business book of the year award. During his tenure as chairman of the federal reserve board, when he battled the great inflation of the 1970s, volcker did. As federal reserve board chairman from 1979 to 1987, volcker did nothing less than. Paul volcker, the cigar smoking former chairman of the federal reserve bank, literally and figuratively towers over his successors he is reportedly 67. Shortlisted for the 2012 financial timesgoldman sachs book prize.
Download for offline reading, highlight, bookmark or take notes while you read volcker. During his tenure as chairman of the federal reserve board, when he battled the great inflation of the. Roger lowenstein, bloomberg businessweek paul volcker was chairman of the fed from 1979 to 1987. It was ray dalio, the billionaire hedge fund manager, inviting paul and his wife, anke, to join.
September 5, 1927 december 8, 2019 was an american economist. As treasury undersecretary and as fed chairman in the 1970s and 1980s, he got. Silber shows that volcker did not become an instant folk hero. Silber offers fascinating subplots and revelations along the waynot to mention a portrait of a tough and colorful manbut his main storyline concerns two. The biography of a true financial hero, fed chairman paul volcker, who saved americas financial system from collapse. Volcker over the course of nearly half a century, five american presidents, and leaders around the world, have relied on the financial acumen, and the integrity, of paul a. The author william silber has done an excellent job in presenting volcker s actions and his view of the future. The triumph of persistence is a biography of former chairman of the federal reserve paul volcker. Paul volcker dead at 92, remembered by memoirist christine. In the final act at least in silber s book volcker reemerges to back barack obama in the 2008 presidential contests and is rewarded with an initially remote position in the new administration. It is an excellent book, well written, and a book that i could not put down. Rather he fought valiantly and successfully to overcome opposition from powerful politicians and institutions while breaking the back of inflation.
The triumph of persistence thus comes at the perfect time, for paul volcker is one of those rare washington figures. One of the best business books of 2012 bloomberg businessweeknamed one of 2012s great leadership books by the washington post comes at the perfect timemr. Silber, who had volcker s cooperation, emphasizes the former fed chiefs independence and willingness to take unpopular stances, a trait as laudable in public life as it is uncommon. Oct 11, 2012 william silber weaves a subtle link between the three crises that tested paul volcker. Oct 15, 2012 now volcker is the subject of a new book called paul volcker. Treasters breezy and easily digestible 2004 biography, paul volcker. Over the course of nearly half a century, five american presidentsthree democrats and two republicanshave relied on the financial acumen, and the integrity, of paul a. Aug 06, 20 the biography of a true financial hero, fed chairman paul volcker, who saved americas financial system from collapse.
Dec 09, 2019 one evening about two years ago, i was at paul volckers manhattan apartment when the phone rang. Volcker is the the last chair under whose tenure american savers could earn a decent rate of interest, the last chair who demonstrated any meaningful political independence clashing with presidents carter and reagan, the last chair. A finalist for the financial timesgoldman sachs business book of the year. As chairman of the federal reserve 19791987, paul volcker slayed the inflation dragon that was consuming the american economy and restored the worlds faith in central bankers. Amity shlaes, author of the forgotten manthis is a wellwritten and comprehensive book that reveals the many attributes of paul volcker. William silber shows strikingly how much the leadership of paul volcker lay behind. He tells the story of volckers success in a lively and authoritative style, but unless america heeds the lessons for fiscal responsibility that silber draws from volckers record, the. This is a wellwritten and comprehensive book that reveals the many attributes of paul volcker. Everyday low prices and free delivery on eligible orders. Without volcker in charge at certain intervals, he writes, the american financial system might have tipped from the verge of collapse into total meltdown. It gives the full history so as to allow the reader to follow the chairmans belief system and how it evolved through the personal history. The most influential central banker of the modern era. A finalist for the financial timesgoldman sachs business book of.
Silber wrote this book after conducting almost 100 hours of interviews with former federal reserve chairman paul adolph volcker. William silber shows strikingly how much the leadership of paul volcker lay behind these. Both volcker and silber both joined marketplace host kai. The triumph of persistence by financial historian william silber. It is an excellent book, well written, and a book that i could. He tells the story of volcker s success in a lively and authoritative style, but unless america heeds the lessons for fiscal responsibility that silber draws from volcker s record, the crisis. The experience of paul volcker and his colleagues, so compellingly chronicled in this book, shows the way. Bill silber, an economist at nyu, has written a book about volcker, and he remembers the first time he met him.
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