How Innovation Works: And Why It Flourishes In Freedom
  • How Innovation Works: And Why It Flourishes In Freedom
  • How Innovation Works: And Why It Flourishes In Freedom
ISBN: 0062916599
EAN13: 9780062916594
Language: English
Release Date: May 19, 2020
Pages: 320
Dimensions: 1.05" H x 9" L x 6" W
Weight: 1.43 lbs.
Format: Hardcover
Publisher:
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Book Overview

Building on his national bestseller The Rational Optimist, Matt Ridley chronicles the history of innovation, and how we need to change our thinking on the subject.

Innovation is the main event of the modern age, the reason we experience both dramatic improvements in our living standards and unsettling changes in our society. Forget short-term symptoms like Donald Trump and Brexit, it is innovation itself that explains them and that will itself shape the 21st century for good and ill. Yet innovation remains a mysterious process, poorly understood by policy makers and businessmen, hard to summon into existence to order, yet inevitable and inexorable when it does happen.

Matt Ridley argues in this book that we need to change the way we think about innovation, to see it as an incremental, bottom-up, fortuitous process that happens to society as a direct result of the human habit of exchange, rather than an orderly, top-down process developing according to a plan. Innovation is crucially different from invention, because it is the turning of inventions into things of practical and affordable use to people. It speeds up in some sectors and slows down in others. It is always a collective, collaborative phenomenon, not a matter of lonely genius. It is gradual, serendipitous, recombinant, inexorable, contagious, experimental and unpredictable. Read More chevron_right

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