Sebastian Mallaby

Last updated

Sebastian Mallaby
Born
Sebastian Christopher Peter Mallaby

May 1964 (age 60)
Education Eton College
Alma mater Oxford University
Occupation(s)Author, journalist
Spouse Zanny Minton Beddoes
Children4
Parent(s) Sir Christopher Mallaby
Pascale Mallaby

Sebastian Christopher Peter Mallaby (born May 1964) is an English journalist and author, Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations (CFR), and contributing columnist at The Washington Post . [1] Formerly, he was a contributing editor for the Financial Times and a columnist and editorial board member at The Washington Post.

Contents

His recent writing has been published in The New York Times , The Wall Street Journal , and the Atlantic Monthly . His books include The Man Who Knew (2016), More Money Than God (2010), and The World's Banker (2004).

Early life

Sebastian Mallaby was born in May 1964, [2] the son of Sir Christopher Mallaby, who was Ambassador of the United Kingdom to Germany (1988–1993) and Ambassador of the United Kingdom to France (1993–1996), and Lady Pascale Mallaby. [3] He was educated at Eton College, [3] won an academic scholarship to Oxford University, and graduated in 1986 with a First Class degree in modern history. [4]

Career

Mallaby worked at The Washington Post from 1999 to 2007 as a columnist and member of the editorial board. [4] Prior to that he spent thirteen years with The Economist , in London, where he wrote about foreign policy and international finance. [4] He also spent time in Africa, where he covered Nelson Mandela's release and the collapse of apartheid; and in Japan, where he covered the breakdown of the country's political and economic consensus during the 90s.[ citation needed ]

Between 1997 and 1999 Mallaby was the Economist’s Washington bureau chief and wrote the magazine's weekly "Lexington" column on American politics and foreign policy. Foreign Affairs published his essay "The Reluctant Imperialist" about failed states in 2002. [5] [ non-primary source needed ] Mallaby is a two-time Pulitzer Prize finalist: in 2005 for editorials on Darfur [6] and in 2007 for a series on economic inequality in America. [7]

He wrote a long read for The Guardian on 'the cult of the expert - and how it collapsed'. [8]

Books

Mallaby's books include After Apartheid (1992), which was a New York Times Notable Book. The World's Banker (2004) is a portrait of the World Bank under James Wolfensohn. An essay in the Financial Times said of The World's Banker, "Mallaby's book may well be the most hilarious depiction of a big organization and its controversial boss since Michael Lewis's Liar's Poker ." [9]

Mallaby published a history of the hedge-fund industry in More Money Than God: Hedge Funds and the Making of a New Elite (2010). [10] Washington Post columnist Steve Pearlstein called it "the definitive history of the hedge fund industry, a compelling narrative full of larger-than-life characters and dramatic tales of their financial triumphs and reversals." [11] It was the recipient of the 2011 Gerald Loeb Award, [12] a finalist in the 2010 Financial Times and Goldman Sachs Business Book of the Year Award, [13] and a 2010 New York Times bestseller.

After five years of research and in-person interviews, Mallaby's The Man Who Knew: The Life and Times of Alan Greenspan was published in October 2016. A biography of former Fed Chair Alan Greenspan, it was praised by former Governor of the Bank of England Mervyn King as "a fascinating and balanced study of arguably the most important figure of the post-war global financial scene." [14] It won the 2016 Financial Times and McKinsey Business Book of the Year Award. [15]

In 2022, Mallaby published his fifth book, The Power Law: Venture Capital and the Making of the New Future, a history of the venture capital industry's development in the U.S. and globally over the last seven decades. [16]

Personal life

Mallaby is married to the English journalist and Editor-in-Chief for The Economist , Zanny Minton Beddoes. They have four children. [17]

Related Research Articles

<span class="mw-page-title-main">Alan Greenspan</span> American economist and financial advisor

Alan Greenspan is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company, Greenspan Associates LLC.

<span class="mw-page-title-main">Paul Volcker</span> American economist (1927–2019)

Paul Adolph Volcker Jr. was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s, with measures known as the Volcker shock. He previously served as the president of the Federal Reserve Bank of New York from 1975 to 1979.

Alfred Winslow Jones was an American investor, hedge fund manager, and sociologist. He is credited with forming the first modern hedge fund and is widely regarded as the "father of the hedge fund industry."

<span class="mw-page-title-main">John Perkins (author)</span> American author (born 1945)

John Perkins is an American author. His best known book is Confessions of an Economic Hit Man (2004), in which Perkins describes playing a role in a process of economic colonization of Third World countries on behalf of what he portrays as a cabal of corporations, banks, and the United States government. The book's claims were contested by some involved parties. The book spent more than 70 weeks on the New York Times bestseller list.

<i>The Denver Post</i> American daily newspaper in Colorado

The Denver Post is a daily newspaper and website published in the Denver metropolitan area. As of June 2022, it has an average print circulation of 57,265. In 2016, its website received roughly six million monthly unique visitors generating more than 13 million page views, according to comScore.

<i>Confessions of an Economic Hit Man</i> Book by John Perkins

Confessions of an Economic Hit Man is a semi-autobiographical book written by American economist and essayist John Perkins, first published in 2004.

<span class="mw-page-title-main">Greenspan put</span> Monetary policy tool

The Greenspan put was a monetary policy response to financial crises that Alan Greenspan, former chair of the Federal Reserve, exercised beginning with the crash of 1987. Successful in addressing various crises, it became controversial as it led to periods of extreme speculation led by Wall Street investment banks overusing the put's repurchase agreements and creating successive asset price bubbles. The banks so overused Greenspan's tools that their compromised solvency in the 2007–2008 financial crisis required Fed chair Ben Bernanke to use direct quantitative easing. The term Yellen put was used to refer to Fed chair Janet Yellen's policy of perpetual monetary looseness.

<span class="mw-page-title-main">Steven Pearlstein</span> American journalist

Steven Pearlstein is an American columnist who wrote on business and the economy in a column published twice weekly in The Washington Post. His tenure at the WaPo ended on March 3, 2021. Pearlstein received the 2008 Pulitzer Prize for Commentary for "his insightful columns that explore the nation's complex economic ills with masterful clarity" at The Washington Post. In the fall of 2011, he became the Robinson Professor of Political and International Affairs at George Mason University.

<span class="mw-page-title-main">Liaquat Ahamed</span> American author (born 1952)

Liaquat Ahamed is an American author.

<i>The Quants</i> 2010 book by Scott Patterson

The Quants is the debut New York Times best selling book by Wall Street journalist Scott Patterson. It was released on February 2, 2010 by Crown Business. The book describes the world of quantitative analysis and the various hedge funds that use the technique. Two years later, Patterson published a follow-up book, Dark Pools: High Speed Traders, AI Bandits and the Threat to the Global Financial System, an investigative journey into the history of high-frequency trading and the spread of artificial intelligence in today’s markets.

<i>Lords of Finance</i> 2009 book by Liaquat Ahamed

Lords of Finance: The Bankers Who Broke the World is a nonfiction book by Liaquat Ahamed about events leading up to and culminating in the Great Depression as told through the personal histories of the heads of the Central Banks of the world's four major economies at the time: Benjamin Strong Jr. of the New York Federal Reserve, Montagu Norman of the Bank of England, Émile Moreau of the Banque de France, and Hjalmar Schacht of the Reichsbank. The text was published on January 22, 2009 by Penguin Press. The book was generally well received by critics and won the 2010 Pulitzer Prize for History. Because the book was published during the midst of the financial crisis of 2007–2010, the book subject matter was seen as very relevant to current financial events.

In monetary policy of the United States, the term Fedspeak is what Alan Blinder called "a turgid dialect of English" used by Federal Reserve Board chairs in making wordy, vague, and ambiguous statements. The strategy, which was used most prominently by Alan Greenspan, was used to prevent financial markets from overreacting to the chairman's remarks. The coinage is an intentional parallel to Newspeak.

<i>Financial Times</i> Business Book of the Year Award Annual business book award established in 2005

Financial Times Business Book of the Year Award is an annual award given to the best business book of the year as determined by the Financial Times. It aims to find the book that has "the most compelling and enjoyable insight into modern business issues". The award was established in 2005 and is worth £30,000. Beginning in 2010, five short-listed authors each receive £10,000, previously it was £5,000.

<i>More Money Than God</i> 2010 financial book by Sebastian Mallaby

More Money Than God: Hedge Funds and the Making of a New Elite (2010) is a financial book by Sebastian Mallaby published by Penguin Press. Mallaby's work has been published in the Financial Times, The Washington Post, The New York Times, The Wall Street Journal, and the Atlantic Monthly as columnist, editor and editorial board member. He is a senior fellow for international economics at the Council on Foreign Relations (CFR). The book is a history of the hedge fund industry in the United States looking at the people, institutions, investment tools and concepts of hedge funds. It claims to be the "first authoritative history of the hedge fund industry." It is written for a general audience and originally published by Penguin Press. It was nominated for the 2010 Financial Times and Goldman Sachs Business Book of the Year Award and was one of The Wall Street Journal's 10-Best Books of 2010. The Journal said it was "The fullest account we have so far of a too-little-understood business that changed the shape of finance and no doubt will continue to do so."

<i>Money for Nothing: Inside the Federal Reserve</i> 2013 American film

Money for Nothing: Inside the Federal Reserve is an independent feature-length American documentary about the Federal Reserve written and directed by Jim Bruce, and narrated by Liev Schreiber. It examines 100 years of the Federal Reserve's history, and discusses its actions and repercussions the US economy leading to the 2007–2008 financial crisis. Bruce believes "a more fully and accurately informed public will promote greater accountability and more effective policies from our central bank". The film features interviews with Paul Volcker and Janet Yellen as well as current and former Federal Reserve officials, top economists, financial historians, famous investors, and traders who provide insight on the Federal Reserve System.

There have been several efforts or appeals in the United States to reinstate repealed sections of the Glass–Steagall Act following the 2007–2008 financial crisis, as well as elsewhere to adopt similar financial reforms.

<i>Fault Lines: How Hidden Fractures Still Threaten the World Economy</i> 2010 book by Raghuram Rajan

Fault Lines: How Hidden Fractures Still Threaten the World Economy is a 2010 book by Indian economist Raghuram Rajan on the underlying causes of the 2008 financial crisis, and the structural weaknesses present in the world economy. It won the Financial Times and McKinsey Business Book of the Year award in 2010.

<i>The Man Who Knew</i> 2016 biography of Alan Greenspan

The Man Who Knew: The Life and Times of Alan Greenspan is a biography of the former Chairman of the Federal Reserve Alan Greenspan, written by Council on Foreign Relations Senior Fellow Sebastian Mallaby. It was published in 2016 by Bloomsbury Press.

<i>Capitalism in America</i> 2018 book by Alan Greenspan and Adrian Wooldridge

Capitalism in America: A History is a 2018 book written by former chairman of the Federal Reserve Alan Greenspan and Adrian Wooldridge, political editor at The Economist. The book traces the economic history of the United States since its founding and the authors argue that America's embrace of capitalism and creative destruction has given the nation's economy a superior edge.

Sebastian Mallaby's The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations (2004) is a financial biography book. British journalist Mallaby is a highly ranked member of the Council on Foreign Relations, working in international economics.

References

  1. ↑ "Sebastian Mallaby Director of the Maurice R. Greenberg Center for Geoeconomic Studies and Paul A. Volcker Senior Fellow for International Economics". Council on Foreign Relations. 27 July 2011. Retrieved 27 July 2011.
  2. ↑ "Sebastian Christopher Peter MALLABY". Companies House. Retrieved 26 February 2018.
  3. 1 2 Andrew Hilton. "More Money Than God", Financial World, Dec 2010
  4. 1 2 3 David Bukey. "Sebastian Mallaby: Hedge funds and the future of finance", The AT Interview, ActiveTrader,
  5. ↑ Sebastian Mallaby. "The Reluctant Imperialist", Foreign Affairs , March/April 2002
  6. ↑ "2005 Pulitzer Prizes Journalism". Pulitzer. Retrieved 18 July 2024.
  7. ↑ "2007 Pulitzer Prizes Journalism". Pulitzer. Retrieved 18 July 2024.
  8. ↑ "The cult of the expert – and how it collapsed | Sebastian Mallaby". the Guardian. 20 October 2016. Retrieved 12 June 2021.
  9. ↑ , Council on Foreign Relations. Retrieved December 2012.
  10. ↑ Sean O'Grady. "More Money Than God by Sebastian Mallaby", The Independent, 18 June 2010
  11. ↑ Steve Pearlstein. "Let the hedge funds run the risks", The Washington Post, 18 June 2010.
  12. ↑ "2011 Winners | UCLA Anderson School of Management". Anderson.ucla.edu. Archived from the original on 13 August 2011.
  13. ↑ "Shortlist Announced for the Financial Times and Goldman Sachs Business Book of the Year Award 2010". Financial Times. 16 September 2010. Retrieved 30 May 2012.
  14. ↑ "The Man Who Knew: The Life and Times of Alan Greenspan".
  15. ↑ "THE MAN WHO KNEW by Sebastian Mallaby wins the Financial Times and McKinsey Business Book of the Year Award 2016". Financial Times. Retrieved 6 December 2016.
  16. ↑ Szalai, Jennifer (31 January 2022). "'The Power Law' Is a Funder-Friendly Look at the World of Venture Capital". The New York Times. ISSN   0362-4331 . Retrieved 18 August 2022.
  17. ↑ "Why a bookcase is a living museum of your mind according to whiz publisher Nigel Newton". afr.com. 19 May 2017. Retrieved 26 February 2018.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.