The Age of Turbulence: Adventures in a New World is a 2007 memoir of former chairman of the Federal Reserve Alan Greenspan, co-authored by Peter Petre, a former executive editor at Fortune magazine.
[4] The first half of The Age of Turbulence is an autobiographical chronology of Greenspan's life that shows readers the people and circumstances that helped shape and guide Greenspan—from hours of clarinet and saxophone practice to living-room philosophy with Ayn Rand.
The latter half of the book also includes an analysis and brief history of major global economic constructs—Marxist communism, populism, and various mutations of market capitalism—along with Greenspan's opinions about their relative merits and shortcomings.
Greenspan also decries the lack of quality public secondary education for the "masses", particularly in mathematics and the sciences, and how this problem contributes to the divergence of rich and poor within the United States.
"The book ends on an awkward note that the conditions that led to a substantial reduction in the inflation and interest rates in the past three decades were an accident and are not likely to be repeated.