12,352.35-3.15
Stock Analysis, IPO, Mutual Funds, Bonds & More

What Infosys co-founder Nandan Nilekani is reading this monsoon

The Infosys co-founder recently mentioned Alan Greenspan’s 'Capitalism in America' during a light-hearted rapid fire.

, ET Bureau|
Jul 30, 2019, 05.48 PM IST
0Comments
BCCL
nandan-nilekani

Nilekani recently shared that he is reading a book on American capitalism by the former chairman of the Federal Reserve Alan Greenspan.

Nandan Nilekani, Infosys co-founder and author of ‘Imagining India: The Idea of a Renewed Nation’, got candid in an interview recently and gave fans a sneak peek of his reading list.

“I’m (currently) reading a book on American capitalism by the former chairman of the Federal Reserve Alan Greenspan,” he told ET Now during a light-hearted rapid fire.

We take a closer look at this tome that was shortlisted for the 2018 Financial Times and McKinsey Business Book of the Year Award:


- Written by Alan Greenspan, the former chair of the US Federal Reserve, and Adrian Wooldridge, a political editor for The Economist, ‘Capitalism in America’ examines the history of the American political economy – how it grew, changed, surged and stalled.

The book also explores questions like: Where does innovation come from? How does it spread through a society?​
The book also explores questions like: Where does innovation come from? How does it spread through a society?

- The opening line itself – “Imagine you are at the World Economic Forum in Davos, Switzerland, but it’s not 2018; it’s 1620” - gives economic history fans a glimpse of the humble beginnings of the American economy.

- At a time when productivity growth in the United States seems to be plateauing, this book provides a unique insight into the drivers behind the American economy. It explores every chapter in America’s history from the initial threadbare colonies to the role of slavery in the South to Franklin D Roosevelt’s New Deal and ‘America's violent swings in its openness to global trade.’

- Some of the principal themes that the authors grapple with are innovation, productivity growth and America’s unique tolerance for the effects of creative destruction. “What we argue in this book is that America becomes the world’s greatest economic power because it has an unusual tolerance for creative destruction. It allows creation, but it also allows the destruction, which makes creation easier,” said Wooldridge during an event last year.

- The book also explores questions like: Where does innovation come from? How does it spread through a society? Why do some eras see the fruits of innovation spread more democratically while others see the opposite?

'Quichotte', 'Lanny', 'Frankissstein': Your Guide To The 2019 Booker Prize Longlist

of 14
Next
Prev
Play Slideshow

Have You Read These Yet?

25 Jul, 2019
The 2019 Booker Prize longlist, featuring eight women and five men authors, was announced on Wednesday. The honour, with a £50,000 prize for the best fiction original novel written in English language, holds immense significance in the literary world.This year's Booker dozen also includes two authors, Salman Rushdie and Margaret Atwood, who have previously bagged the big honour.A five-member panel announced this year's nominees picked from 151 novels, published in the United Kingdom and Ireland between October 1, 2018 and September 30, 2019.The six finalists will be announced on September 3, and the winner will be revealed on October 14.Here's a look at the books that made to this year's longlist.
Next

Also Read

Are you new to mutual funds? Read this before investing

IIT Kharagpur develops AI system to read legal judgments

Why did Gandhis lose their SPG cover? Read this

Read Rushdie's book to know about Nehru-Gandhis: BJP on Savarkar book

Fiction, feminism and sport: Barack Obama's 2019 reading list has it all

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Popular Categories


Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service