The Map And The Territory: Risk, Human Nature, And The Future Of Forecasting

Audio Book (CD) | October 22, 2013

byAlan GreenspanRead byMalcolm Hillgartner

not yet rated|write a review
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 Very often, however, we're steering by out-of-date maps, when we're not driven by factors entirely beyond our conscious control.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 using twenty-first-century technologies. 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 our competition with China 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.

Pricing and Purchase Info

$42.00

Out of stock online

From the Publisher

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...

Alan Greenspan was born in 1926 and reared in the Washington Heights neighborhood of New York City. After studying the clarinet at Juilliard and working as a professional musician, he earned his B.A., M.A., and Ph.D. in economics from New York University. In 1954, he cofounded the economic consulting firm Townsend-Greenspan & Co. From ...

other books by Alan Greenspan

Capitalism: The Unknown Ideal (50th Anniversary Edition)
Capitalism: The Unknown Ideal (50th Anniversary Edition...

Mass Market Paperback|Jul 15 1986

$8.74 online$9.99list price(save 12%)
The Age Of Turbulence: Adventures In A New World
The Age Of Turbulence: Adventures In A New World

Paperback|Sep 9 2008

$21.33 online$27.00list price(save 21%)
The Map And The Territory 2.0: Risk, Human Nature, And The Future Of Forecasting
The Map And The Territory 2.0: Risk, Human Nature, And ...

Paperback|Oct 28 2014

$16.88 online$23.00list price(save 26%)
see all books by Alan Greenspan
Format:Audio Book (CD)Dimensions:1 pages, 5.75 × 5.25 × 0.75 inPublished:October 22, 2013Publisher:Penguin Random House Audio Publishing GroupLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1611762146

ISBN - 13:9781611762143

Look for similar items by category:

Customer Reviews of The Map And The Territory: Risk, Human Nature, And The Future Of Forecasting

Reviews