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The Map and the Territory: Risk, Human Nature, and the Future of Forecasting
By Greenspan, Alan
- ISBN
- 9781594204814 9781101638743
- Publisher
- Penguin Pr.
REVIEWS
Library Journal
Reviewed on January 3, 2014 | Nonfiction
In his new book, Greenspan (former Federal Reserve chair, 1987–2006; The Age of Turbulence) expresses dismay at not predicting the 2008 recession and offers suggestions for improving economic forecasting and revising government financial interventions and regulations to prevent future economic chaos. In the realm of predictions, he devotes a chapter to the field of behavioral economics, which finds foreseeable patterns to humans' economic irrationality. As a conservative, G...Log In or Sign Up to Read More
