Assignment for Age of Greed by Jeffrey Madrick



1) In The Age of Greed, Jeffrey Madrick traces the economic history of Wall Street through the 1960's, 1970's, 1980's through to the present excess that led to the crisis in 2008. The first part of the story focuses on the following characters:

a) Lewis Uhler

b) Walter Wriston

c) Milton Friedman

d) Richard Nixon and Arthur Burns

e) Joe Flom

f) Ivan Boesky

g) Ronald Reagan

h) Ted Turner

i) Sam Walton

j) Steve Ross

k) Jimmy Carter

l) Howard Jarvis

m) Jack Kemp

n) Paul Volcker

2) In each section Madrick discusses the impact each of these individuals had on his particular era. Describe how each in his own way contributed to "the age of greed" that Madrick asserts has been a part of the American landscape since the mid-1970s.

3) Find a story/issue in an American newspaper within the last 6 months. Describe how the legacy of the person you discussed above has cast a shadow on the contemporary age as it relates to the story/issue you have found. Do the best you can to draw a cause-effect relationship between what occurred in the past to what is happening in the present.

4) Use MLA parenthetical citation

5) In the conclusion, you may choose to discuss whether historical precedent is all that important in determining the future or whether each age responds to its own unique set of problems and specific environment.


Based on what you have learned about the inside dealings of Wall Street, present one policy that might reform the current practices on Wall Street and argue why this reform has such singular importance.

6) Word Limit = 1400+ words


"Taxes and Employment" by Bruce Bartlett [May 1, 2012] New York Times Economix

Viewpoints: Face the Truth About Inequity of Tax Codes by Bruce Maiman [May 1, 2012] Sacramento Bee

Study Questions

Study Questions #1 (pg. 3-52)

Study Questions #2 (pg. 52-96)

Study Questions #3 (pg. 96-144)

Study Questions #4 (pg. 144-179)

Student Paper #1 [SAB Miller and Foster's merger]


Jeff Madrick on The Age of Greed for The Real News Part 1 [14:31]

Jeff Madrick on The Age of Greed for The Real News Part 2 [11:59]

Jeff Madrick on The Age of Greed for The Real News Part 3 [14:31]





Jeff Madrick in conversation with Paul Krugman [1:30:40]

Jeff Madrick on Occupy Wall Street and Teach-ins with Keith Olbermann

Jeff Madrick interviewed on The Autograph [25:43]

Review of Jeffrey Madrick's Age of Greed by Paul Krugman and Robin Wells in the The New York Review of Books

A Conversation with Jeffrey Madrick and Charlie Rose video

Related Materials:

Infinite Debt by Thomas Geoghegan in Harper's April 2009 [May require password or you can access through the Databases at SCC]

A Short History of Financial Deregulation by Matthew Sherman of The Center for Economic and Policy Research

Workism is Making Americans Miserable by Derek Thompson in The Atlantic [February 24, 2019]