Hari Seldon and the Psychohistorians.
As Yglesias and others argue, what's needed is better economic forecasting. Part of this I would argue is Risk Topography, something Alan Greenspan failed to do very well. Not only Greenspan though. The entire financial services industry nearly destroyed itself because of its rampant gluttony And of course the regulators and ratings agencies were bought-off enablers.
After election night, Nate Silver's The Signal and the Noise shot up 850% to 2nd place on Amazon.
No comments:
Post a Comment