British-born journalist and author Sebastian Mallaby has won the Financial Times & McKinsey Business Book of the Year 2016 for his 'The Man Who Knew: The Life and Times of Alan Greenspan'. The book, which is a biography of Alan Greenspan, one of the titans of financial history over the last fifty years, met the award's criterion of providing the "most compelling and enjoyable insight into modern business issues". Mallaby was awarded the prize at a ceremony at the National Gallery here earlier this week. "'The Man Who Knew' is an impressive work of scholarship.
It is a masterpiece of political economy, and above all it is a great and enjoyable read," Lionel Barber, editor of the Financial Times, said. Mallaby is the Paul Volcker Senior Fellow in International Economics at the Council on Foreign Relations, and a Washington Post columnist. He shows the subtlety and complexity of Alan Greenspan's legacy. Appointed by Ronald Reagan to Chairman of the Federal Reserve, a post he held for eighteen years, Greenspan presided over an unprecedented period of stability and low inflation, was revered by economists, adored by investors and consulted by leaders from Beijing to Frankfurt. The book is replete with "beautifully rendered high-octane political infighting, hard hitting dialogue and stories". "It is well researched, enormously gripping and the story of the making of modern finance." The award carries a cash prize of 30,000 pounds.
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