Summary of Matt Ridley's How Innovation Works
Author:
Publisher:
IRB
Pub. Date:
Varies, see individual formats and editions
Language:
English
Description
Get the Summary of Matt Ridley's How Innovation Works in 20 minutes. Please note: This is a summary and not the original book. Original book introduction: 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 that will shape the twenty-first century. Yet innovation remains a mysterious process, poorly understood by policy makers and businessmen alike. Matt Ridley argues that we need to see innovation as an incremental, bottom-up, fortuitous process that happens 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, involving trial and error, not a matter of lonely genius. It happens mainly in just a few parts of the world at any one time. It still cannot be modeled properly by economists, but it can easily be discouraged by politicians. Far from there being too much innovation, we may be on the brink of an innovation famine.
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Contributors:
ISBN:
9781669343967
9798350065619
9798350065619
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Grouping Information
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---|---|
Grouping Title | summary of matt ridleys how innovation works |
Grouping Author | irb media |
Grouping Category | book |
Grouping Language | English (eng) |
Last Grouping Update | 2024-02-02 22:25:46PM |
Last Indexed | 2024-05-18 23:01:25PM |
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Get the Summary of Matt Ridley's How Innovation Works in 20 minutes. Please note: This is a summary and not the original book. Original book introduction: 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 that will shape the twenty-first century. Yet innovation remains a mysterious process, poorly understood by policy makers and businessmen alike. Matt Ridley argues that we need to see innovation as an incremental, bottom-up, fortuitous process that happens 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, involving trial and error, not a matter of lonely genius. It happens mainly in just a few parts of the world at any one time. It still cannot be modeled properly by economists, but it can easily be discouraged by politicians. Far from there being too much innovation, we may be on the brink of an innovation famine.
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9781669343967
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9798350065619
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Year
primary_isbn
9781669343967
publishDate
2021
2024
2024
publisher
IRB
recordtype
grouped_work
subject_facet
Business
Economics
Electronic books
Reference books
Economics
Electronic books
Reference books
title_display
Summary of Matt Ridley's How Innovation Works
title_full
Summary of Matt Ridley's How Innovation Works [electronic resource] / Irb Media
title_short
Summary of Matt Ridley's How Innovation Works
topic_facet
Business
Economics
Electronic books
Reference books
Economics
Electronic books
Reference books
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