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Building on his national bestseller The Rational Optimist, Matt Ridley chronicles the history of innovation, and how we need to change our thinking on the subject.Innovation is the main event of the modern age, the reason we experience both dramatic improvements in our living standards and unsettling changes in our society. Forget short-term symptoms like Donald Trump and Brexit, it is innovation that will shape the twenty-first century. Yet innovation remains a mysterious process, poorly understood by policy makers and businessm
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Book Title: How Innovation Works: And Why It Flourishes in Freedom
Book Author: Matt Ridley
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How Innovation Works: And Why It Flourishes in Freedom by Matt Ridley Book Review
Name: John Dana Chisholm
Rating: 5.0 out of 5 stars
Title: DeeplyinsightfulculminationofRidleysbooks
Date: Reviewed in the United States on July 15, 2020
Review: After reading just the Introduction to How Innovation Works, I felt the same thrill I had over 30 years ago upon reading the first chapter of Richard Dawkinsβ The Selfish Gene. Dawkinsβ chapter showed how our genes control us to help them replicate; the Introduction of How Innovation Works shows how innovation is evolution with thermodynamics at its foundation. Very different books opening with comparably fresh, unconventional perspectives.From that dramatic departure, How Innovation Works ascends. The first seven chapters captivate with stories of innovations in energy, transport, health care, and more. Ridley unearths gripping details of even such familiar innovations as the airplane and vaccine. The writing, unlike that of many science writers, is masterful, urbane and polished. These chapters will be a treasure trove for anyone teaching or researching innovation.The last five chapters crystallize from those case studies principles and implications for enabling innovation. The climax for me was Chapter 8, which distills principles such as incrementalism, serendipity, trial and error, recombination, and most importantly, freedom as essentials of innovation. The remaining chapters elaborate on these principles, covering, for example, FCC regulations that hampered the use of mobile telephony, and the EUβs regulatory obstacles to widespread use of GMOs.Unlike The Selfish Gene, Dawkinsβ groundbreaking first book, How Innovation Works is the mature culmination of Ridleyβs books so far. It builds on, integrates, and extends his books on genes (Genome, Nature via Nurture), evolution (The Red Queen, The Evolution of Everything), and economics (The Rational Optimist: How Prosperity Evolves). How Innovation Works thus exemplifies the very path-dependent, evolutionary process that innovation follows. Indeed, only Ridley, having forged that path, could have written this deeply insightful book.
Name: Robert Morris
Rating: 5.0 out of 5 stars
Title: InnovationoffersthecarrotofspectacularrewardorthestickofdestitutionJosephSchumpeter
Date: Reviewed in the United States on May 19, 2020
Review: In the Introduction to his brilliant book, Matt Ridley cites a concept introduced by Douglas Adams in The Hitchhiker's Guide to the Galaxy. It helps Ridley to recognize how man achieves what may seem improbable by expending or converting ennergy, "powered by a fictional 'infinite improbability drive.' Yet a near-infinite improbability drive does indeed exist, but here on Planet Earth, in the shape of the process of innovation."Ridley goes on to explain, "Innovations come in many forms, but one thing they all have in common, and which they share with biological innovations created by evolution, is that they are enhanced forms of improbability." He thoroughly explains how and why Schumpeter's assertion -- with rare exception -- is true. He also has much of great value to say about resistance to innovative thinking. "Perhaps the most puzzling aspect of innovation is how unpopular it is, for all the lip service we pay to it."Human nature seems to prefer a known devil to an unknown devil. Long ago, I realized that most people do not fear change; they fear what is unfamiliar. James O'Toole suggests that the strongest resistance to change tends to be cultural in nature, the result of what he so aptly characterizes as "the ideology of comfort and the tyranny of custom." Here's another candidate from J.B.S. Haldane: "There is no great invention, from fire to flying, that has not been hailed as an insult to some god."At one point, Ridley observes,Β "The twentieth century saw only one innovative source of energy on any scale: nuclear power. (Wind and solar, though much improved and with a promising future, still supply less than 2 per cent of global energy.) In terms of its energy density, nuclear is without equal: an object the size of a suitcase, suitably plumbed in, can power a town or an aircraft carrier almost indefinitely. The development of civil nuclear power was a triumph of applied science, the trail leading from the discovery of nuclear fission and the chain reaction through the Manhattan Project's conversion of a theory into a bomb, to the gradual engineering of a controlled nuclear reaction and its application to boiling water."These are among the other passages in Chapters 1-7 of greatest interest and value to me, also listed to suggest the scope of Ridley's coverage:o What Watt wrought (Pages 24-26)o Thomas Edison and the invention business (26-31)o Nuclear power and the phenomenon of disinnovation (36-41)o Lady Mary's dangerous obsession (50-55)o Fleming's (64-69)o The locomotive and its line (80-87)o The Wright stuff (95-103)o How fertilizer fed the world (118-129)o Insect nemesis (136-141)o When numbers were new (149-154)o Crinkly tin conquers the Empire (159-162)o The container that changed trade (162-170)o The first death of distance (178-183)o The miracle of wireless (183-188)o Who invented the computer? (189-196)o The ever-shrinking transistor (196-204)o Machines that learn (211-215)o The first farmers (216-222)o The feast made possible by fire (234-137)o The ultimate innovation: life itself (237-239)In the subsequent five chapters, Ridley examines "Innovation's essentials," "The economics of innovation," "Fakes, frauds, fads and failures," "Resistance to innovation," and "An innovation famine."Obviously, this is neither the first nor will it be the last book that concentrates on one or more dimensions of innovation. However, none of them will surpass what Matt Ridley achieves in How Innovation Works in terms of scope and depth of interconnected, indeed interdependent coverage.Most people will agree with him that innovation is "the child of freedom and the parent of prosperity." And I share his hope that our improbability drive can somehow overcome the volatility, uncertainty, complexity, and ambiguity that seem so much greater now than they were at any prior time I can recall.I congratulate him on a brilliant achievement. Bravo!
Name: Chris Ziesler
Rating: 4.0 out of 5 stars
Title: APolemicratherthanaGenuineExplorationofInnovation
Date: Reviewed in the United States on July 12, 2020
Review: Disappointingly unbalanced and altogether too biased in his political outlook. Ridley is a better writer than this, but he has allowed his ideological prejudices to dominate his material. Because he chooses to explore only half of the story in so many cases and deliberately to ignore the counter-arguments, the end product is an interesting thesis which is disappointingly one-sided.One example to illustrate this, he rails against the shortcomings of regulation, but the reason regulation was introduced in the first place was because of the predatory business practices of the likes of Rockefeller and Standard Oil. Ridley never breathes a word about the benefits of regulation when done well. This whole book reads as a polemic, not a balanced work of honest inquiry.Ridley also fails to give any substantial account of China and why, despite a complete lack of any political freedom, China seems to be producing advances in many fields. He touches on this subject briefly in the closing pages, but only in passing. Surely this deserves a much more thorough investigation.Overall there are some excellent anecdotes and case studies, but his ideological blind-spots, he is sneeringly dismissive of renewable energy for example, make it a frustrating rather than a satisfying read.
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