I like your plain-spoken summary of Alan Greenspan. What's missing for me from all the commentary is what I remember hearing from several women who preceded me in entering the economics profession, women who did their graduate work in the 1950s if I remember right. When Greenspan was running his highly successful consultancy -- for which he is rightly praised as a pioneer in data-saturated business cycle forecasting -- he hired exclusively female economists as his analysts. They were paid little but some got a start in distinguished careers. I remember Paul Samuelson opining many years later about the profit opportunities created by a market that discriminates against women; Greenspan was an economist through and through, and applied this observation to his business long before Samuelson made it.
I like your plain-spoken summary of Alan Greenspan. What's missing for me from all the commentary is what I remember hearing from several women who preceded me in entering the economics profession, women who did their graduate work in the 1950s if I remember right. When Greenspan was running his highly successful consultancy -- for which he is rightly praised as a pioneer in data-saturated business cycle forecasting -- he hired exclusively female economists as his analysts. They were paid little but some got a start in distinguished careers. I remember Paul Samuelson opining many years later about the profit opportunities created by a market that discriminates against women; Greenspan was an economist through and through, and applied this observation to his business long before Samuelson made it.
I did not know this. The road to heaven paid with bad intentions?
Well perhaps, but perhaps it was due to observation that women are more focussed and tend to work harder. They like to get things right.