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Matt Ridley: How Innovation Works, Part 1

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Jul 9, 2020
In this engaging discussion, Matt Ridley, acclaimed author of works like "Genome" and "How Innovation Works," dives deep into the nature of innovation. He distinguishes between invention and innovation, emphasizing how practical application drives progress. Ridley highlights the role of freedom in fostering innovation and the importance of collaboration, using examples from Silicon Valley. He also tackles the future of physical innovation, exploring the potential of India and China while addressing environmental challenges. A thought-provoking exploration of progress and societal evolution!
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INSIGHT

Innovation is Gradual

  • Ideas are common, but execution is key.
  • Innovation is gradual and incremental, not disruptive as it may appear retrospectively.
INSIGHT

Myth of the Lone Inventor

  • The myth of the lone inventor is false; innovation has always been collaborative.
  • Giving credit to one person ignores the team effort and incremental progress.
ANECDOTE

Borlaug's Wheat

  • Norman Borlaug developed high-yielding wheat varieties, starting the Green Revolution.
  • He built upon work by Burton Bales, Orville Vogel, Cecil Salmon, and Gonjiro Inazuka, highlighting innovation as a team effort.
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