Why Most Things Fail: Evolution, Extinction and Economics
| Author | : | |
| Rating | : | 4.27 (932 Votes) |
| Asin | : | 0470089199 |
| Format Type | : | paperback |
| Number of Pages | : | 272 Pages |
| Publish Date | : | 2017-04-20 |
| Language | : | English |
DESCRIPTION:
Throughout the book, author Paul Ormerod exposes the flaws in some of today's most basic economic assumptions, and examines how professionals in both business and government can help their organizations survive and thrive in a world that has become too complex. Failure is the most fundamental feature of biological, social and economic systems. Just as species fail—and become extinct—so do companies, brands and public policies. And while failure may be hard to handle, understanding the pervasive nature of failure in the world of human societies and economies is essential for those looking to succeed.Linking economic models with models of biological evolution, Why Most Things Fail identifies the subtle patterns that comprise the apparent disorder of failure and analyzes why failure arises. Along the way, Ormerod discusses how the Iron Law of Failure applies to business and government, and reveals how you can achieve optimal social and economic outcomes by properly adapting to a world characterized b
(Though people who are already familiar with the debates he brings up will doubtless get more out of the book) Yet for all his persuasive examples, the book never crystallizes into a whole, so while readers may find many parts provocative, they are likely to finish it still lacking a complete understanding of failure as Ormerod sees it.Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. He writes about complex concepts such as power-law behavior, game theory and bounded rationality, but makes them accessible to the lay reader with lengthy but readable explanations that forsake jargon for contemporary cultural references. Despite this parallel, his focus is on economic theory and what he sees as its inadequate accounting of uncertainty (defined as the im
"It`s an excellent book about extinction" according to Angelo Freitas. It`s an excellent book about extinction, mainly companies` extinction, with serious critics to many economic models. Even though criticism of economical models is not new and can be found in many books, it shows the limits of each approach and why these sim. "why DO most things fail?" according to Carolyn Thornlow. It's hard to get the answer to "Why Most Things Fail." The book goes deep into mathematical formulas. Admittedly, I don't bring to this reading a background in math or economics. So, most of this exploration lost me. However, since I was still looking for t. Mark C. Weber said Why This Book Fails. Ormerod seems to be adressing his book to public managers or business managers. In my opinion, he delves too deeply into economic analyses that are not necessary for the ultimately simple and straightforward conclusions that he arrives at. Instead, the econ