Adam Posen in Foreign Affairs: The Alchemists is an excellent account, scrupulously reported, with lasting value

July 14, 2013 No Comments by Neil

Adam Posen, a former member of the Bank of England Monetary Policy Committee and now head of the Peterson Institute for International Economics, reviews The Alchemists in the June/July issue of Foreign Affairs. He doesn’t much care for the book’s title, but like much of what he read. He writes, in part:

An excellent account…scrupulously reported and full of clear
explanations of events and economic concepts….an incredibly valuable
book for all economically concerned non-economists. As someone who knows
well the three central bankers that the book features…I can attest
that the narrative has more than just a ring of truth. It gets the
individuals, the circumstances surrounding their decisions, and their
motivations right and also presents them fairly. Irwin’s volume will
have lasting value for a wide range of audiences, including students and
elected officials, but it will make its greatest contribution as a
corrective to the many unfounded or simply crazy ideas about monetary
policymakers’ intentions and impact.

Read more, and download the full review, here.

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