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About this product
- DescriptionLike 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 ecomic forecasting. No one with any meaningful role in ecomic 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 ecomicus predicts the ecomic future, and how it can predict it better. Ecomic 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 t, we make wagers on the future virtually every day, one way or ather. Very often, however, we re steering by out-of-date maps, when we re t driven by factors entirely beyond our conscious control.The Map and the Territory is thing less than an effort to update our forecasting conceptual grid. It integrates the history of ecomic prediction, the new work of behavioral ecomists, and the fruits of the author s own remarkable career to offer a thrillingly lucid and empirically based grounding in what we cankw about ecomic 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.
- Author BiographyAlan 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 1974 to 1977, he served as chair of the Council of Economic Advisors under President Gerald Ford. In 1987, President Ronald Reagan appointed him chairman of the Federal Reserve Board, a position he held until his retirement in 2006. He is the author of the number one New York Times bestseller The Age of Turbulence.
- Author(s)Alan Greenspan
- PublisherPenguin Books
- Date of Publication28/10/2014
- FormatPaperback / softback
- SubjectEconomics: Professional & General
- Country of PublicationUnited States
- ImprintPenguin Books
- Content Noteillustrations
- Weight336 g
- Width138 mm
- Height215 mm
- Spine22 mm
- Format DetailsTrade paperback (US),Unsewn / adhesive bound
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