How Innovation Works: And Why It Flourishes in Freedom

How Innovation Works: And Why It Flourishes in Freedom

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

How Innovation Works: And Why It Flourishes in Freedom

by Matt Ridley

eBook

$14.49 

Available on Compatible NOOK Devices and the free NOOK Apps.
WANT A NOOK?  Explore Now

Related collections and offers


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 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.



Product Details

ISBN-13: 9780062916617
Publisher: HarperCollins
Publication date: 05/19/2020
Sold by: HARPERCOLLINS
Format: eBook
Pages: 432
Sales rank: 484,788
File size: 879 KB

About the Author

Matt Ridley's books have sold over a million copies, been translated into 31 languages and won several awards. His books include The Red Queen, Genome, The Rational Optimist and The Evolution of Everything. His book on How Innovation Works was published in 2020, and Viral: the Search for the Origin of Covid-19, co-authored with Alina Chan, was published in 2021. He sat in the House of Lords between 2013 and 2021 and served on the science and technology select committee and the artificial intelligence select committee. He was founding chairman of the International Centre for Life in Newcastle. He created the Mind and Matter column in the Wall Street Journal in 2010, and was a columnist for the Times 2013-2018. He is a fellow of the Royal Society of Literature and of the Academy of Medical Sciences, and a foreign honorary member of the American Academy of Arts and Sciences. He lives in Northumberland.

Table of Contents

Introduction: The Infinite Improbability Drive 1

1 Energy

Of heat, work and light 13

What Watt wrought 24

Thomas Edison and the invention business 26

The ubiquitous turbine 32

Nuclear power and the phenomenon of disinnovation 36

Shale gas surprise 41

The reign of fire 48

2 Public health

Lady Mary's dangerous obsession 50

Pasteur's chickens 55

The chlorine gamble that paid off 57

How Pearl and Grace never put a foot wrong 61

Fleming's luck 64

The pursuit of polio 69

Mud huts and malaria 73

Tobacco and harm reduction 75

3 Transport

The locomotive and its line 80

Turning the screw 87

Internal combustion's comeback 89

The tragedy and triumph of diesel 94

The Wright stuff 95

International rivalry and the jet engine 103

Innovation in safety and cost 107

4 Food

The tasty tuber 112

How fertilizer fed the world 118

Dwarfing genes from Japan 129

Insect nemesis 136

Gene editing gets crisper 141

Land sparing versus land sharing 147

5 Low-technology innovation

When numbers were new 149

The water trap 155

Crinkly tin conquers the Empire 159

The container that changed trade 162

Was wheeled baggage late? 170

Novelty at the table 173

The rise of the sharing economy 176

6 Communication and computing

The first death of distance 178

The miracle of wireless 183

Who invented the computer? 189

The ever-shrinking transistor 196

The surprise of search engines and social media 204

Machines that learn 211

7 Prehistoric innovation

The first farmers 216

The invention of the dog 222

The (Stone Age) great leap forward 227

The feast made possible by fire 234

The ultimate innovation: life itself 237

8 Innovation's essentials

Innovation is gradual 240

Innovation is different from invention 245

Innovation is often serendipitous 246

Innovation is recombinant 250

Innovation involves trial and error 253

Innovation is a team sport 255

Innovation is inexorable 257

Innovation's hype cycle 261

Innovation prefers fragmented governance 264

Innovation increasingly means using fewer resources rather than more 267

9 The economics of innovation

The puzzle of increasing returns 271

Innovation is a bottom-up phenomenon 275

Innovation is the mother of science as often as it is the daughter 282

Innovation cannot be forced upon unwilling consumers 286

Innovation increases interdependence 287

Innovation does not create unemployment 289

Big companies are bad at innovation 294

Setting innovation free 297

10 Fakes, frauds, fads and failures

Fake bomb detectors 300

Phantom games consoles 303

The Theranos debacle 304

Failure through diminishing returns to innovation: mobile phones 310

A future failure: Hyperloop 313

Failure as a necessary ingredient of success: Amazon and Google 317

11 Resistance to innovation

When novelty is subversive: the case of coffee 324

When innovation is demonized and delayed: the case of biotechnology 328

When scares ignore science: the case of weedkiller 335

When government prevents innovation: the case of mobile telephony 337

When the law stifles innovation: the case of intellectual property 342

When big firms stifle innovation: the case of bagless vacuum cleaners 350

When investors divert innovation: the case of permissionless bits 356

12 An innovation famine

How innovation works 359

A bright future 360

Not all innovation is speeding up 363

The innovation famine 365

China's innovation engine 368

Regaining momentum 371

Sources and further reading 375

Acknowledgements 389

Index 391

From the B&N Reads Blog

Customer Reviews