#1054
Mentioned in 20 episodes
How Innovation Works
And Why It Flourishes in Freedom
Book • 2020
In 'How Innovation Works', Matt Ridley argues that innovation is a collective, collaborative, and gradual process that turns inventions into practical and affordable solutions.
He emphasizes that innovation is distinct from invention and requires freedom to exchange, experiment, and fail.
Ridley draws on numerous historical examples, from steam engines to search engines, to illustrate how innovation speeds up in some sectors and slows down in others.
He also highlights the importance of trial and error, persistence, and the role of many individuals rather than solitary geniuses in the innovation process.
The book underscores that innovation is crucial for modern prosperity and warns that it can be easily discouraged by political interference.
He emphasizes that innovation is distinct from invention and requires freedom to exchange, experiment, and fail.
Ridley draws on numerous historical examples, from steam engines to search engines, to illustrate how innovation speeds up in some sectors and slows down in others.
He also highlights the importance of trial and error, persistence, and the role of many individuals rather than solitary geniuses in the innovation process.
The book underscores that innovation is crucial for modern prosperity and warns that it can be easily discouraged by political interference.
Mentioned by
Mentioned in 20 episodes
Mentioned by 
Bill Gurley when discussing the link between free trade, the exchange of ideas, and human prosperity.
Bill Gurley when discussing the link between free trade, the exchange of ideas, and human prosperity.
182 snips
Ep9. GPT-4o, Astra, Multi Modal, China Tariffs, Tech Earnings | BG2 with Bill Gurley & Brad Gerstner
Mentioned by 
Peter Boettke as the author of "How Innovation Works", highlighting the connection between freedom and innovation.
Peter Boettke as the author of "How Innovation Works", highlighting the connection between freedom and innovation.
31 snips
Who Won the Socialist Calculation Debate (with Peter Boettke)
Mentioned by Ben as a book that makes a good argument for entrepreneurship pushing policy faster than policy can push entrepreneurship.
15 snips
Professor Glen Jeffery | Red Light Revolution: Charge Your Cells, Reduce Ageing & Decrease Inflammation
Mentioned by Bill Gurley when discussing books that everyone who studies entrepreneurship should read.
Bill Gurley when discussing books that everyone who studies entrepreneurship should read.
20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture
Mentioned by 
Andrew Heaton as the author of "How Innovation Works", discussed throughout the podcast.
Andrew Heaton as the author of "How Innovation Works", discussed throughout the podcast.
How Innovation Works - Featuring: Matt Ridley
