
Matt Ridley on How Innovation Works
EconTalk
The Inevitability of Innovation
- Innovation exhibits a remarkable sense of inevitability, demonstrated by the continuous advancement in computer technology as observed in Moore's Law.
- If key figures like Edison or Sergey Brin hadn't made their contributions, alternatives would likely have emerged.
- This challenges the 'great man' theory of innovation, suggesting a more collective, distributed process.
- Even with extensive documentation, identifying the sole inventor of the computer remains impossible, showcasing the collaborative nature of innovation.
- Innovation is less about individual contributions and more a collective, emergent phenomenon.
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