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6min chapter
#746 - Morgan Housel - 12 Unexpected Laws Of Human Psychology
Modern Wisdom
Innovation in Crisis: Historical Insights and Future Prospects
Exploring how challenging times like wars and pandemics have historically driven significant innovation, this chapter highlights the role of intense incentives in pushing businesses to become more productive and innovative. Drawing parallels with past crises and examining the potential innovations spurred by the COVID-19 pandemic, it emphasizes the impact of downside incentives in fostering accelerated progress and technological advancements.
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