The Map and the Territory 2.0: Risk, Human Nature, and the Future of Forecasting

Author(s): Alan Greenspan

Popular Science

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. How had our models so utterly failed us? Virtually every day, we make wagers on the future - but, even when we're not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date. The Map and the Territory is an important attempt to update our forecasting conceptual grid using twenty-first-century technologies, offering a lucid and empirical grounding in what we can know about economic forecasting and what we can't.

General Information

  • : 9780141978130
  • : Penguin Books Ltd
  • : Penguin Books Ltd
  • : 0.313
  • : 01 October 2014
  • : United Kingdom
  • : 01 January 2015
  • : books

Other Specifications

  • : Alan Greenspan
  • : Paperback
  • : 1
  • : 432

More About The Product

Born in 1926 in New York City, Alan Greenspan worked as a Juilliard-trained professional musician before studying Economics at New York University, where he earned his PhD. In 1954, he co-founded the consulting firm Townsend-Greenspan & Co. He served as Chair of the Council of Economic Advisers under President Gerald Ford, 1974-77. In 1987, President Ronald Reagan appointed him Chairman of the Federal Reserve Board, a position he held until his retirement in 2006.