The Map and the Territory 2.0

Risk, Human Nature, and the Future of Forecasting

Business & Finance, Economics, Planning & Forecasting, Theory of Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book The Map and the Territory 2.0 by Alan Greenspan, Penguin Publishing Group
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Alan Greenspan ISBN: 9780698193574
Publisher: Penguin Publishing Group Publication: October 28, 2014
Imprint: Penguin Books Language: English
Author: Alan Greenspan
ISBN: 9780698193574
Publisher: Penguin Publishing Group
Publication: October 28, 2014
Imprint: Penguin Books
Language: English

Like all of us, though few so visibly, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. No one with any meaningful role in economic decision making in the world saw beforehand the storm for what it was. How had our models so utterly failed us?

To answer this question, Alan Greenspan embarked on a rigorous and far-reaching multiyear examination of how Homo economicus predicts the economic future, and how it can predict it better. Economic risk is a fact of life in every realm, from home to business to government at all levels. Whether we’re conscious of it or not, we make wagers on the future virtually every day, one way or another. Very often, however, we’re steering by out-of-date maps, when we’re not driven by factors entirely beyond our conscious control.

The Map and the Territory is nothing less than an effort to update our forecasting conceptual grid. It integrates the history of economic prediction, the new work of behavioral economists, and the fruits of the author’s own remarkable career to offer a thrillingly lucid and empirically based grounding in what we can
know about economic forecasting and what we can’t.The book explores how culture is and isn't destiny and probes what we can predict about the world's biggest looming challenges, from debt and the reform of the welfare state to natural disasters in an age of global warming.

No map is the territory, but Greenspan’s approach, grounded in his trademark rigor, wisdom, and unprecedented context, ensures that this particular map will assist in safe journeys down many different roads, traveled by individuals, businesses, and the state.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Like all of us, though few so visibly, Alan Greenspan was forced by the financial crisis of 2008 to question some fundamental assumptions about risk management and economic forecasting. No one with any meaningful role in economic decision making in the world saw beforehand the storm for what it was. How had our models so utterly failed us?

To answer this question, Alan Greenspan embarked on a rigorous and far-reaching multiyear examination of how Homo economicus predicts the economic future, and how it can predict it better. Economic risk is a fact of life in every realm, from home to business to government at all levels. Whether we’re conscious of it or not, we make wagers on the future virtually every day, one way or another. Very often, however, we’re steering by out-of-date maps, when we’re not driven by factors entirely beyond our conscious control.

The Map and the Territory is nothing less than an effort to update our forecasting conceptual grid. It integrates the history of economic prediction, the new work of behavioral economists, and the fruits of the author’s own remarkable career to offer a thrillingly lucid and empirically based grounding in what we can
know about economic forecasting and what we can’t.The book explores how culture is and isn't destiny and probes what we can predict about the world's biggest looming challenges, from debt and the reform of the welfare state to natural disasters in an age of global warming.

No map is the territory, but Greenspan’s approach, grounded in his trademark rigor, wisdom, and unprecedented context, ensures that this particular map will assist in safe journeys down many different roads, traveled by individuals, businesses, and the state.

More books from Penguin Publishing Group

Cover of the book You Only Have to Be Right Once by Alan Greenspan
Cover of the book Men Out of Uniform by Alan Greenspan
Cover of the book The Unfinished Global Revolution by Alan Greenspan
Cover of the book Servant: The Acceptance by Alan Greenspan
Cover of the book Harmony's Way by Alan Greenspan
Cover of the book The Trailsman #387 by Alan Greenspan
Cover of the book A Gift from Brittany by Alan Greenspan
Cover of the book Astrid and Veronika by Alan Greenspan
Cover of the book When I Get Where I'm Going by Alan Greenspan
Cover of the book Takeover by Alan Greenspan
Cover of the book Short Stories in Chinese by Alan Greenspan
Cover of the book Known to Evil by Alan Greenspan
Cover of the book Sweet Surrender by Alan Greenspan
Cover of the book Mambo in Chinatown by Alan Greenspan
Cover of the book The Prodigy's Cousin by Alan Greenspan
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy