The Map and the Territory: Risk, Human Nature, and the Future of Forecasting [FIRST EDITION, FIRST PRINTING]

Greenspan, Alan

Published by The Penguin Press, New York, 2013

About this Item

As new condition silver boards, textured white spine, and gold spine lettering contained in an as new condition non price-clipped color illustrated dust jacket. Includes List of Other Book(s) by Alan Greenspan; Author Dedication; Introduction; Acknowledgments; Appendices; Notes and Index. Illustrated with graphs. A Master Class in the Alchemy of Economic Decision Making. 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 multi-year 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 Very often, however, we're steering by out-of-date maps, when we're not driven by factors entirely beyond our couscious control.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 author's own remarkable career to offer a thrillighly 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 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 tat this particular map will assist in safe journeys down many different roads, traveled by individuals, businesses, and the state." - from the inner front and rear jacket flaps. Seller Inventory # 007195

Bibliographic Details

Title: The Map and the Territory: Risk, Human ...

Publisher: The Penguin Press, New York

Publication Date: 2013

Binding: Hardcover

Illustrator: Lai, Chin-Yee (jacket design)

Condition: As New

Dust Jacket Condition: As New

Edition: 1st Edition