Friday, September 26, 2014

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

Lessons. Alan Greenspan muses on the lessons that economists and citizens can draw from the financial crisis of 2008 and its aftermath in his book titled, The Map and the Territory: Risk, Human Nature, and the Future of Forecasting. I got bored trying to get into this book multiple times in recent months, but finally plowed through one afternoon. There’s enough clarity in this book to attract general readers, and enough economic expertise to compare his views with other experts. I found some pleasure in Greenspan’s acknowledgement about how his expectations were not met, and what he learned from the crisis. For any reader who has read the work of other economists in the past decade, there are themes in this book that resonate with what others have also concluded. Fellow nerds who want to listen to the voice of decades of experience will find wisdom and advice on these pages. Rating: Four-star (I like it) Click here to purchase The Map and the Territory from amazon.com.

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