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 & 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when we`re not driven by factors entirely beyond our conscious control, the maps by which we are steering are often out-of-date.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 & the Territory is an important attempt to update our forecasting conceptual grid using twenty-first-century technologies, offering a lucid & empirical grounding in what we can know about economic forecasting & what we can`t.