Includes bibliographical references (pages 335-362) and index.
Contents:
Part I: love stories -- Yellen's youth: "I'm going to tell you mother," 1946-1967 -- Akerlof's youth: exotic furry creatures, 1940-1967 -- Yellen at Yale and Harvard: rowing upstream, 1968-1976 -- Akerlof's early voyages: lemons and the Hills of Olympus, 1968-1976 - Yellen and Akerlof meet: in the grips of a long inflation and a fast romance, 1977-1978 -- Part II: battlegrounds -- Redefining Keynes: inside the ideological battles that shaped Yellen's generation, 1940s-1980s -- Yellen and Akerlof at Berkeley: labor of love, 1978-1990 -- Behavioral economists: remarkable errors in the history of economic thought, 1980s and 1990s -- Yellen, Akerlof, and Socialism's failure: the Richtungskoeffizent, 1989-1994 -- Yellen becomes a central bander: confronting a maestro, 1994-1997 -- Yellen in the Clinton White House: boom times and boys' clubs, 1997-1999 -- Trade in the twilight of a golden age: China, Mexico, and Ricardo's theory of advantage, 1993-2001 -- Part III: crisis -- Akerlof wins a Nobel, Yellen returns to the Fed: lessons from a financial bubble and jobless recovery, 2000-2004 -- Yellen as a regulator: an introduction to Frankenstein finance, 2004-2006 -- Yellen and Akerlof see storms from the lighthouse: nursing the economy and Robby's damaged back, 2007 -- Financial panic: Bernanke's loyal field commander, 2008 -- "These are fucking people!": at the center of a new way of central banking, 2009-2010 -- Yellen as #2: palace intrigue, 2010-2014 -- Yellen becomes leader: a summer of summers, 2014-2014 -- Part IV: leader -- Identity crisis: Akerlof's new theory of reds versus greens, 2014 -- Yellen leads the Fed: flying a plane with no gauges, 2014-2015 -- Yellen loses her job: too short, 2016-2018 -- Professor Robert Akerlof: explaining a read and blue America, 2018-2020 -- Yellen makes history: cleaning up another mess, 2020 -- Yellen leads the Treasury: trillions, 2021 -- Janet at war: causing bank runs in the streets of St. Petersburg, 2021-2022 -- Conclusion: bonds.
Summary:
Chronicling the past fifty years of American economic and social upheaval, an award-winning economics writer examines what happened, viewing events through the experiences of two historic figures: Janet Yellen, Treasury Secretary, Federal Reserve Chairwoman, and Chair of the White House Council of Economic Advisers, and her husband, George Akerlof, an imaginative Nobel prize-winning economist.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.