The triumph of persistence gives an insightful account of the true depth and breadth of americas financial crisis and its heavy political pressures as the country faced potential economic collapse. Dec 11, 2012 about the book this book is two stories in one. Upon becoming head of the fed, his salary was halved. Read volcker the triumph of persistence by william l. Over the course of nearly half a century, five american presidents. Reviews winner of the china business news 20 financial book of the year. Volcker relied on public opinion, integrity, and persistence to overcome the political pressure to finance government spending the easy way, by printing money rather than by taxation. Silber now in paperback the biography of a true financial hero, fed chairman paul volcker, who saved americas financial system from collapse. Nobel laureate milton friedman wrote, this book addresses an important issue that deserves wide readership. Silber wrote this book after conducting almost 100 hours of interviews with former federal reserve chairman paul adolph volcker. Get cozy and expand your home library with a large online selection of books at.
Shortlisted for the 2012 financial timesgoldman sachs book prize. If youre looking for a portrait of volcker the man, this is not the book for. Includes bibliographical references pages 427440 and index. Great leadership books in 2012 the washington post. The triumph of persistence, was awarded the china business news cbn 20 financial book of the year. His resolve and independent thinkingsorely tested by richard nixon, jimmy carter, and ronald reaganlaid the foundation for a generation of economic stability.
Its more than a new book its new insight liberty fund. The triumph of persistence and other books by william l. Volcker paperback september 3, 20 buy online in dominica at. This book presents a novel explanation for how volcker defeated inflation, and at the same time, delivers an important message for the complex economic problems we face today. Lee volcker the triumph of persistence por william l. Silber, who had volcker s cooperation, emphasizes the former fed chiefs. A finalist for the financial timesgoldman sachs business book of the year 2012. Volcker the triumph of persistence william l silber. Download for offline reading, highlight, bookmark or take notes while you read volcker. It is an excellent book, well written, and a book that i could not put down. The triumph of persistence ebook written by william l.
From the collapse of the gold standard to the inflation crisis of the 1970s. The triumph of persistence is a biography of former chairman of the. As treasury undersecretary and as fed chairman in the 1970s and 1980s, he got. During his tenure as chairman of the federal reserve board, when he battled the great inflation of the 1970s, volcker did. Five american presidents have relied on paul volcker s financial acumen. Silber 20, trade paperback the lowestpriced brandnew, unused, unopened, undamaged item in its original packaging where packaging is applicable. 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. Shortlisted for the 2012 financial times and goldman sachs business book of the year award 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.
Volcker is a democrat, silber says, but one whose favorite book as an. Volcker has finally been awarded a meticulous historical account of exactly how he reached his exalted position. The triumph of persistence %% this admiring biography leaves no doubt about silbers view that the world owes paul volcker a great debt. Named one of 2012s great leadership books by the washington post. This book discusses the permissible proprietary trading activities of commercial banks and their subsidiaries under current law and then analyses the volcker rule proposals under the house and senate passed financial reform bills. Click and collect from your local waterstones or get free uk delivery on orders over. A finalist for the financial timesgoldman sachs business book of the. As an alternative, the kindle ebook is available now and can be read on any device with. Over the course of nearly half a century, five american presidentsthree democrats and two republicanshave relied on th. 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. Sep 24, 2012 i have just finished reading the book, volcker. 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.
William silber weaves a subtle link between the three crises that tested paul volcker. This paperback edition brings to a wide audience one of the most innovative and. Winner of the china business news 20 financial book of the year. Even if it is not officially an authorized biography, it certainly is given from volckers perspective and with him firmly in the heros chair. Volcker s career demonstrated that a determined central banker can prevail over economic turmoilso long as he can resist relentless political pressure. Everyday low prices and free delivery on eligible orders.
One of the best business books of 2012 bloomberg businessweek. 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. Rather than a biography, this book is a blowbyblow account of volckers life as a public servant. It is an account of the chairmans personal and professional history, with a focus on professional. The 100 best business books of all time puts each book in context so that readers can. 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 84 best persistence books recommended by neil degrasse tyson, cleavon, scott. Silbers engaging biography of paul volcker in the fall of 2012 is to be reminded of a time, not so long ago, when a cadre of public servants, respected for their knowledge. Silber 20, trade paperback the lowestpriced brandnew, unused, unopened, undamaged item in its original packaging where packaging is.
Silber 2012 bottom line on the book according to mccullough is that its an easy read that will educate people on how central planning has become so causal to american purchasing power us dollar and inflationgrowth expectations. The triumph of persistence examines paul volcker s work battling inflation in the 1970s and his role in helping the nation recover from the most recent financial. 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 told. His resolve and independent thinkingsorely tested by richard nixon, jimmy carter, and ronald reaganlaid the. Volcker the triumph of persistence is a detailed account of the life of paul volcker, the individ. Some of these books even examine the criticism and scrutiny that financial institutions have. Silber 2012, hardcover at the best online prices at ebay. Volcker to help steer the global economy through turmoil and drastic change. The biography of a true financial hero, fed chairman paul volcker, who.
Hello select your address kindle store hello, sign in. A videorecorded speech by professor silber was played at the cbn annual meeting in beijing on december 78, when the award was formally announced. Buy volcker paperback september 3, 20 at desertcart. Thomas sargent, 2011 nobel laureate in economics this book shows how much the character and purpose of a single man can play a fundamental role in economic history. The triumph of persistence is a biography of former chairman of the federal reserve paul volcker. Volcker is an awardwinning biography of paul volcker s indispensable role in economic history. The triumph of persistence hardcover september 1, 2012. Over the course of nearly half a century, five american presidents, and leaders around the world, have relied on the financial acumen of paul volcker to help steer the global economy through turmoil and drastic change. Silber is a senior advisor with cornerstone research and was a chaired professor at. The quintessential reading list for finance students online. Hedgeye risk management ceo keith mccullough shares some of his thoughts on volcker the triumph of persistence, by william l.
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