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

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9780141978130: The Map and the Territory 2.0: Risk, Human Nature, and the Future of Forecasting

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when we're not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date.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.

"synopsis" may belong to another edition of this title.

Review:

Larry Summers, "Financial Times"
"No other American economic policy maker in the past half-century could have written so thoughtfully about the implications of the Enlightenment for economic policy or have attempted, as Greenspan did while in office and does again here, to compute the physical weight of all the goods that comprise American gross domestic product. The range of topics and arguments makes this book a very important statement, whether one ultimately agrees or disagrees with the author.....Greenspan's range, vision and boldness is especially important at a time like the present, when Washington is preoccupied with the political and petty....Greenspan has written a major work ....[A] splendid book."
Burton Malkiel, "The Wall Street Journal"
""The Map and the Territory" is a model of expositional clarity, with complex and recondite matters made accessible to the lay reader. The book should be must reading for anyone interested in the way our financial markets work--and sometimes fail to do so."
"Forbes"
"Compelling and hugely enlightening...This exposition of a lifetime as a practicing economist is full of insights and lessons for financiers, security analysts, business students and public policy makers, especially Presidents, congressmen, central bankers and the FDIC, SEC, CFTC, FHLB. It should be required reading for some of the insights into the way markets perform."
N. Gregory Mankiw, "The New York Times Book Review"
"The book offers much wisdom....[Greenspan] sees the world through a different set of eyes than do many others in his field. He is driven less by theory, more by data and practical experience....Greenspan's new book lays out his worldview in light of the financial crisis, the deep recession and the meager recovery of the past five years. His critics often condemn him as an ideologue, but the book demonstrates the unfairness of that accusation. On a wide range of topics--from monetary, fiscal and financial policy to productivity, inequality and globalization--he offers readers a thoughtful, nuanced and open-minded perspective, tempered by many years of having seen both business and public policy from the inside....Whether or not you're an economist, you can't help coming away from The Map and the Territory with greater insight into many of the crucial issues facing the nation. Greenspan's path to fame may have been unconventional, but after reading this book, you'll understand why five American presidents turned to him and made him one of the great economic policy makers of our time."

Larry Summers, "Financial Times"
"No other American economic policy maker in the past half-century could have written so thoughtfully about the implications of the Enlightenment for economic policy or have attempted, as Greenspan did while in office and does again here, to compute the physical weight of all the goods that comprise American gross domestic product. The range of topics and arguments makes this book a very important statement, whether one ultimately agrees or disagrees with the author ..Greenspan s range, vision and boldness is especially important at a time like the present, when Washington is preoccupied with the political and petty .Greenspan has written a major work .[A] splendid book.
Burton Malkiel, "The Wall Street Journal"
"The Map and the Territory"is a model of expositional clarity, with complex and recondite matters made accessible to the lay reader. The book should be must reading for anyone interested in the way our financial markets work and sometimes fail to do so."
"Forbes"
Compelling and hugely enlightening This exposition of a lifetime as a practicing economist is full of insights and lessons for financiers, security analysts, business students and public policy makers, especially Presidents, congressmen, central bankers and the FDIC, SEC, CFTC, FHLB. It should be required reading for some of the insights into the way markets perform.
N. Gregory Mankiw, "The New York Times Book Review"
The book offers much wisdom .[Greenspan] sees the world through a different set of eyes than do many others in his field. He is driven less by theory, more by data and practical experience .Greenspan s new book lays out his worldview in light of the financial crisis, the deep recession and the meager recovery of the past five years. His critics often condemn him as an ideologue, but the book demonstrates the unfairness of that accusation. On a wide range of topics from monetary, fiscal and financial policy to productivity, inequality and globalization he offers readers a thoughtful, nuanced and open-minded perspective, tempered by many years of having seen both business and public policy from the inside .Whether or not you re an economist, you can t help coming away from The Map and the Territory with greater insight into many of the crucial issues facing the nation. Greenspan s path to fame may have been unconventional, but after reading this book, you ll understand why five American presidents turned to him and made him one of the great economic policy makers of our time. "

Larry Summers, Financial Times
"No other American economic policy maker in the past half-century could have written so thoughtfully about the implications of the Enlightenment for economic policy or have attempted, as Greenspan did while in office and does again here, to compute the physical weight of all the goods that comprise American gross domestic product. The range of topics and arguments makes this book a very important statement, whether one ultimately agrees or disagrees with the author.....Greenspan's range, vision and boldness is especially important at a time like the present, when Washington is preoccupied with the political and petty....Greenspan has written a major work ....[A] splendid book."
Burton Malkiel, The Wall Street Journal
"The Map and the Territory is a model of expositional clarity, with complex and recondite matters made accessible to the lay reader. The book should be must reading for anyone interested in the way our financial markets work--and sometimes fail to do so."
Forbes
"Compelling and hugely enlightening...This exposition of a lifetime as a practicing economist is full of insights and lessons for financiers, security analysts, business students and public policy makers, especially Presidents, congressmen, central bankers and the FDIC, SEC, CFTC, FHLB. It should be required reading for some of the insights into the way markets perform."
N. Gregory Mankiw, The New York Times Book Review
"The book offers much wisdom....[Greenspan] sees the world through a different set of eyes than do many others in his field. He is driven less by theory, more by data and practical experience....Greenspan's new book lays out his worldview in light of the financial crisis, the deep recession and the meager recovery of the past five years. His critics often condemn him as an ideologue, but the book demonstrates the unfairness of that accusation. On a wide range of topics--from monetary, fiscal and financial policy to productivity, inequality and globalization--he offers readers a thoughtful, nuanced and open-minded perspective, tempered by many years of having seen both business and public policy from the inside....Whether or not you're an economist, you can't help coming away from The Map and the Territory with greater insight into many of the crucial issues facing the nation. Greenspan's path to fame may have been unconventional, but after reading this book, you'll understand why five American presidents turned to him and made him one of the great economic policy makers of our time."

Larry Summers, Financial Times
-No other American economic policy maker in the past half-century could have written so thoughtfully about the implications of the Enlightenment for economic policy or have attempted, as Greenspan did while in office and does again here, to compute the physical weight of all the goods that comprise American gross domestic product. The range of topics and arguments makes this book a very important statement, whether one ultimately agrees or disagrees with the author.....Greenspan's range, vision and boldness is especially important at a time like the present, when Washington is preoccupied with the political and petty....Greenspan has written a major work ....[A] splendid book.-
Burton Malkiel, The Wall Street Journal
-The Map and the Territory is a model of expositional clarity, with complex and recondite matters made accessible to the lay reader. The book should be must reading for anyone interested in the way our financial markets work--and sometimes fail to do so.-
Forbes
-Compelling and hugely enlightening...This exposition of a lifetime as a practicing economist is full of insights and lessons for financiers, security analysts, business students and public policy makers, especially Presidents, congressmen, central bankers and the FDIC, SEC, CFTC, FHLB. It should be required reading for some of the insights into the way markets perform.-
N. Gregory Mankiw, The New York Times Book Review
-The book offers much wisdom....[Greenspan] sees the world through a different set of eyes than do many others in his field. He is driven less by theory, more by data and practical experience....Greenspan's new book lays out his worldview in light of the financial crisis, the deep recession and the meager recovery of the past five years. His critics often condemn him as an ideologue, but the book demonstrates the unfairness of that accusation. On a wide range of topics--from monetary, fiscal and financial policy to productivity, inequality and globalization--he offers readers a thoughtful, nuanced and open-minded perspective, tempered by many years of having seen both business and public policy from the inside....Whether or not you're an economist, you can't help coming away from The Map and the Territory with greater insight into many of the crucial issues facing the nation. Greenspan's path to fame may have been unconventional, but after reading this book, you'll understand why five American presidents turned to him and made him one of the great economic policy makers of our time.-

About the Author:

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.

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Book Description Penguin Books Ltd, United Kingdom, 2014. Paperback. Book Condition: New. 198 x 129 mm. Language: English . Brand New Book. 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. Bookseller Inventory # APG9780141978130

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Book Description Penguin Books Ltd, United Kingdom, 2014. Paperback. Book Condition: New. 198 x 129 mm. Language: English . Brand New Book. 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. Bookseller Inventory # APG9780141978130

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Book Description Penguin Books Ltd. Paperback. Book Condition: new. BRAND NEW, The Map and the Territory 2.0: Risk, Human Nature, and the Future of Forecasting, Alan Greenspan, 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. Bookseller Inventory # B9780141978130

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Book Description Penguin. Book Condition: New. 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? Num Pages: 432 pages. BIC Classification: JPQB; KCA; KCJ; KCP. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 198 x 131 x 25. Weight in Grams: 318. . 2014. Paperback. . . . . Books ship from the US and Ireland. Bookseller Inventory # V9780141978130

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