A. and P.H.D. in economics from New York University (Greenspan, 2007, p.19-37). In 1953, Greenspan became co-founder of the Townsend-Greenspan investment adviser firm with William Wallace Townsend. The scope of the firm was to “translate economic analysis into a form business leaders could apply in making decision” (Greenspan, 2007, p.45-46). During President Johnson administration, while working at Townsend-Greenspan, the former Chairman developed a greater interest for fiscal policy, in response…
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