Title
The Map And The Territory: Risk, Human Nature, And The Future Of Forecasting
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From The Bestselling Author Of The Age Of Turbulence And Capitalism In Americalike 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 Farreaching 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 Were Conscious Of It Or Not, We Make Wagers On The Future Virtually Every Day, One Way Or Another. Very Often, However, Were Steering By Outofdate Maps, When Were 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 Authors Own Remarkable Career To Offer A Thrillingly Lucid And Empirically Based Grounding In What We Canknow About Economic Forecasting And What We Cant.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 Greenspans 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.
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- Q: What is the main theme of 'The Map and the Territory'? A: 'The Map and the Territory' explores the challenges of economic forecasting and risk management, particularly in light of the 2008 financial crisis. Alan Greenspan examines how our predictive models have failed and offers insights on improving our understanding of economic risk.
- Q: Who is the author of this book? A: The author of 'The Map and the Territory' is Alan Greenspan, a former Chairman of the Federal Reserve and a prominent economist.
- Q: When was 'The Map and the Territory' published? A: 'The Map and the Territory' was published on October 22, 2013.
- Q: What is the binding type of this book? A: The book is available in hardcover binding.
- Q: How many pages does 'The Map and the Territory' have? A: 'The Map and the Territory' has a total of 400 pages.
- Q: What condition is the book in? A: The book is in new condition.
- Q: What category does this book belong to? A: 'The Map and the Territory' falls under the category of Economic Policy & Development.
- Q: What edition of the book is available? A: This listing is for the First Edition of 'The Map and the Territory'.
- Q: What topics does the book cover? A: The book covers topics such as economic forecasting, risk management, behavioral economics, and cultural influences on economic predictions.
- Q: Is this book suitable for someone without an economics background? A: 'The Map and the Territory' is written to be accessible to a general audience, making it suitable for readers without a formal economics background who are interested in understanding economic predictions.