Alan Greenspan — Image by © Pascal Perich/Corbis
by Richard Rahn
Alan Greenspan began his career in economics as an analyst and forecaster. In his new book “The Map and the Territory,” Mr. Greenspan presents an honest assessment of what economists can and cannot predict, along with many useful insights as to the way that both politicians and investors tend to behave. It is also a first-rate history of some of the failures and successes of economic policy over the past century by the ultimate economic-policy insider.
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