My Economic Forecast for Greenspan’s New Book

Alan Greenspan has a new book out. I haven’t seen it yet, since I am in London for a few days and it isn’t available here. Economist Brad DeLong talks about the book (among other things) in this podcast. Over at MarginalRevolution, Tyler Cowen offers a set of links as well.

So here is my economic forecast for the book: I read somewhere that the initial print run was 1 million. Meanwhile, Cowen says that the book is boring. Cowen is a man who loves both books and economics. If he thinks the book is boring, so will just about everyone else. I predict that 30 percent of that initial printing of books will never be sold.

A quick check of Amazon shows that the book is currently ranked No. 1 in sales. Forecasting is a risky business.