Download Mobi How Innovation Works: And Why It Flourishes in Freedom By Matt Ridley

Download Mobi How Innovation Works: And Why It Flourishes in Freedom By Matt Ridley

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How Innovation Works: And Why It Flourishes in Freedom-Matt Ridley

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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 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.Ridley derives these and other lessons from the lively stories of scores of innovations, how they started and why they succeeded or failed. Some of the innovation stories he tells are about steam engines, jet engines, search engines, airships, coffee, potatoes, vaping, vaccines, cuisine, antibiotics, mosquito nets, turbines, propellers, fertilizer, zero, computers, dogs, farming, fire, genetic engineering, gene editing, container shipping, railways, cars, safety rules, wheeled suitcases, mobile phones, corrugated iron, powered flight, chlorinated water, toilets, vacuum cleaners, shale gas, the telegraph, radio, social media, block chain, the sharing economy, artificial intelligence, fake bomb detectors, phantom games consoles, fraudulent blood tests, hyperloop tubes, herbicides, copyright, and even life itself.

Book How Innovation Works: And Why It Flourishes in Freedom Review :



After reading just the Introduction to How Innovation Works, I felt the same thrill I had over 30 years ago upon reading the first chapter of Richard Dawkins’ The Selfish Gene. Dawkins’ chapter showed how our genes control us to help them replicate; the Introduction of How Innovation Works shows how innovation is evolution with thermodynamics at its foundation. Very different books opening with comparably fresh, unconventional perspectives.From that dramatic departure, How Innovation Works ascends. The first seven chapters captivate with stories of innovations in energy, transport, health care, and more. Ridley unearths gripping details of even such familiar innovations as the airplane and vaccine. The writing, unlike that of many science writers, is masterful, urbane and polished. These chapters will be a treasure trove for anyone teaching or researching innovation.The last five chapters crystallize from those case studies principles and implications for enabling innovation. The climax for me was Chapter 8, which distills principles such as incrementalism, serendipity, trial and error, recombination, and most importantly, freedom as essentials of innovation. The remaining chapters elaborate on these principles, covering, for example, FCC regulations that hampered the use of mobile telephony, and the EU’s regulatory obstacles to widespread use of GMOs.Unlike The Selfish Gene, Dawkins’ groundbreaking first book, How Innovation Works is the mature culmination of Ridley’s books so far. It builds on, integrates, and extends his books on genes (Genome, Nature via Nurture), evolution (The Red Queen, The Evolution of Everything), and economics (The Rational Optimist: How Prosperity Evolves). How Innovation Works thus exemplifies the very path-dependent, evolutionary process that innovation follows. Indeed, only Ridley, having forged that path, could have written this deeply insightful book.
Not sure who these other reviewers are.....a little too glowing to be legitimate I think. I struggled through this book and having read a ton of innovation books in the last 6 years (my professional title is "Innovation Strategist" - for a publicly traded company) - and I know a little something about this topic. The book isn't bad but like many business books it's very academic and not always easy to read - at least for anyone trying to get an easy overview of the topic. Ridley goes through a detailed analysis of many historical aspects of innovation but in my opinion never ties it back to anything other than a good story - assuming the reader will make those connections on their own. Bottom line - it reminds me of concentrated orange juice that hasn't been mixed right - very strong and needs a little watering down for the "everyman".Also disagreed with a few of his conclusions (like the failure of the Segway) but those disagreements are inevitable when you're reading books like this.2.5 stars - but rounded up because it doesn't exist.

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