By alice senior fellow of economic studies at the brookings institution, and former vice chair of the Federal Reserve from 1996 to 1999. Sebastian, wj, im delighted to be doing this and i think its a fabulous book. Ive known alan for many, many years and we worked together closely when i was his chair, and hes a complicated man and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bit about that on career choices . Alan had a unusual upbring in sense that raised in 1930s he was the child of a single mom. His father left his mother when he was 33 and then a distant figure who would say he would see his son and then not show up up. I think that probably reenforce a tendency that he had to live inside of their head to be introverted and then that was further reenforced by two flengs his mother first of all talking living aen working in a Department Store in manhattan. And so he was left by h
By alice senior fellow of economic studies at the brookings institution, and former vice chair of the Federal Reserve from 1996 to 1999. Sebastian, wj, im delighted to be doing this and i think its a fabulous book. Ive known alan for many, many years and we worked together closely when i was his chair, and hes a complicated man and i think you got it about right. But lets start at the beginning. You wrote interestingly about the influence of his parents. Could you talk a little bit about that on career choices . Alan had a unusual upbring in sense that raised in 1930s he was the child of a single mom. His father left his mother when he was 33 and then a distant figure who would say he would see his son and then not show up up. I think that probably reenforce a tendency that he had to live inside of their head to be introverted and then that was further reenforced by two flengs his mother first of all talking living aen working in a Department Store in manhattan. And so he was left by h
Welcome back, everybody. As you know we have been in the gilded age for some time now. Weve already seen the Technological Innovations that made this economic expansion possible. We saw the economic transformations and the effect of those changes on the economy as far as lifestyles both for the very ritzy opulent robber baron lifestyles and also the very poor. Whether it was the People Living in the shacks of the new england mill towns or whether it was the increasing problems of housing in the sanitation that came with this rapid and in many ways chaotic growth of the cities in the late 19th century. All of it accompanied by problems going along with immigration. We saw in particular there was some frustration with this new gilded age regime. As we talked about the farmers in this. That could have been called discontent in the gilded age part one. Today we turn our attention mostly back towards industry and in some ways back toward the city as well. I want to look at different types o
Welcome back, everybody. We have been in the gilded age we have time now and already seen the Technological Innovations that made some of this economic expansion possible. Economicth the transformation and the effect of those changes in the economy as far as lifestyles, these opulent robber baron lifestyles and the very poor, whether it was People Living in the shacks of the new england mill towns or whether it was when we explored the gilded age city, the increasing problems of housing and sanitation that came with this rapid and chaotic growth of the citys in the 19th century, all of it accompanied by problems going along with immigration. Time, there was some this new gilded age regime as we talk about the farmers. That lecture could have been called discontent in the gilded age part one but today, we turn our attention back toward industry and back toward the cities as well. I want to let at different types of frustration with this new order in america. Eightarted with the song hou
Baron lifestyles and also the very poor. Whether it was the People Living in the shacks of the new england mill towns or whether it was the increasing problems of housing in the sanitation that came with this rapid and in many ways chaotic growth of the cities in the late 19th century. All of it accompanied by problems going along with immigration. We saw in particular there was some frustration with this new gilded age regime. As we talked about the farmers in this. That could have been called discontent in the gilded age part one. Today we turn our attention mostly back towards industry and in some ways back toward the city as well. I want to look at different types of frustrations with this new order in america. Song eightwith the hours which was a popular labor anthem in the 1880s. Youre the chorus eight hours for work eight hours for rest eight hours for what we well. In some ways that song speaks what we will be talking about today. Eight hours for work and eight hours for rest.