A colourful and exhaustive biography of Alan Greenspan, the former chairman of the US Federal Reserve, is this year’s Financial Times and McKinsey Business Book of the Year.
The Man Who Knew, by Sebastian Mallaby, is the 12th winner of the £30,000 award, which goes to the “most compelling and enjoyable” title of the year.
It is the first biography to win the prize, although Mr Greenspan’s autobiography, The Age of Turbulence, was shortlisted in 2007, the year before the financial crisis raised serious questions about the central banker’s legacy.
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