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Cargando... Empathy Economics: Janet Yellen’s Remarkable Rise to Power and Her Drive to Spread Prosperity to Allpor Owen Ullmann
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"Owen Ullmann's intimate portrait of the heart and mind of Janet Yellen is the riveting story of one of the most remarkable careers of recent times. The ultimate glass-ceiling buster, Yellen is the first person to hold all three of America's top economic policy positions: Treasury Secretary (the first woman to hold the job), chair of the Federal Reserve and of the President's Council of Economic Advisers. Yellen's sheer brilliance was certainly foundational, as has been her meticulous preparation for every job she has held in academia and government. What stands out, though, are the human qualities she has maintained in a Washington policy world where fierce intellectual combat casts others as either friend or enemy, never more so than in our current age of polarization. While her accomplishments are historic, humility and compassion are her trademarks, qualities instilled by her parents: a family doctor father who labored in working class Brooklyn, treating people whether they had the ability to pay or not, and a mother who preached the ethic of public service, perseverance and nothing less than perfection in every task. As Ullmann vividly shows, empathy economics, the north star of Yellen's work as researcher, analyst, and policymaker stems from her early family life. Yellen has pushed back against the cold, abstract quality of a male-dominated economics profession that all too often pushes policies that benefit the already well-to-do. She has strived to remake it as a tool for shaping compassionate programs that help people find remedies for financial plights that stem from a lack of economic opportunity because of poverty, unemployment or job discrimination"-- No se han encontrado descripciones de biblioteca. |
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Yellen’s main secret to success lies in meticulous preparation for every significant assignment – a trait garnered from her driven mother. Multiply that over several decades of working with top people, and expertise and wisdom accumulate. Further, she has always been motivated by her work’s impact on “average Americans,” not just the elite – hence the adage of “empathy economics.” Ullmann attributes this to Yellen watching her physician-father help financially needy patients in her youth.
Yellen has faced some adversity. She was initially denied tenure as an economist. She had to break glass ceilings to become, many times, the first female in a given role. Still, she rarely viewed herself as a first of anything, preferring the self-image of a hard-working, careful macroeconomist. She had to edge past gender roles to work with hard-driving male co-workers, including many who were not as liberal as her. Despite political differences, she won the appreciation of Wall Street and even of some in Republican roles. Who wouldn’t want to learn from her magic?
As a drawback, this book tends a bit towards hagiography rather than balanced critique. Although I’m more sympathetic towards Yellen’s liberal perspectives, Ullmann does not give much weight to conservative objectors to her policies, unfortunately. This is likely due to the author’s proximity towards present-day events. Though understandable, this shortcoming limits this book’s reach, unfortunately.
For those of a left-leaning persuasion, it does hit target audiences of career-driven women, economists, and those interested in a fairer yet prosperous marketplace, work-life balance, social justice, American politics, or current affairs. Thus, many types of readers are addressed. Of course, this book is timely as Yellen still serves as Treasury Secretary. I doubt that decades ago, she would have forecast such great success for herself, especially after setbacks in her early career. Nonetheless, she can serve as a helpful and successful north star to future generations. ( )