2min chapter

The Joe Walker Podcast cover image

Inside Humanity's Infinite Improbability Drive - Matt Ridley

The Joe Walker Podcast

CHAPTER

The Importance of Monopoly in Innovation

The Innovator's Dilemma is about why big companies are systematically bad at innovation. Clayton Christensen says disruptive innovations tend to be produced by outsiders and entrepreneurs in startups, rather than the incumbents. This is not the same as but related to some of Hayek's ideas. And Matt, a couple of weeks ago, I reread Hayek's essay, The Use of Knowledge in Society. It's so good. You just savor it like a wine. We should all reread it every five years. Yeah.

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