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Why most things fail: evolution, extinction and economics

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With the same originality and astuteness that marked his widely praised Butterfly Economics , Paul Ormerod now examines the "Iron Law of Failure" as it applies to business and government-and explains what can be done about it. "Failure is all around us," asserts Ormerod. For every General Electric-still going strong after more than one hundred years-there are dozens of businesses like Central Leather, which was one of the world's largest companies in 1912 but was liquidated in 1952. Ormerod debunks conventional economic theory-that the world economy ticks along in perfect equilibrium according to the best-laid plans of business and government-and delves into the reasons for the failure of brands, entire companies, and public policies. Inspired by recent advances in evolutionary theory and biology, Ormerod illuminates the ways in which companies and policy-setting sectors of government behave much like living organisms: unless they evolve, they die. But he also makes clear how desirable social and economic outcomes may be achieved when individuals, companies and governments adapt in response to the actual behavior and requirements of their customers and constituents. Why Most Things Fail is a fascinating and provocative study of a truth all too seldom acknowledged.
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ISBN:
9780375424052
9780307430236
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Grouping Information

Grouped Work ID 4ec3d23a-ae62-2dae-249f-8ab0eff5ee00
Grouping Title why most things fail evolution extinction and economics
Grouping Author ormerod paul
Grouping Category book
Last Grouping Update 2018-11-15 22:45:21PM
Last Indexed 2018-11-15 23:22:22PM

Solr Details

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author Ormerod, Paul.
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collection_catalog Non-Fiction
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display_description

With the same originality and astuteness that marked his widely praised Butterfly Economics, Paul Ormerod now examines the "Iron Law of Failure" as it applies to business and government--and explains what can be done about it.

"Failure is all around us," asserts Ormerod. For every General Electric--still going strong after more than one hundred years--there are dozens of businesses like Central Leather, which was one of the world's largest companies in 1912 but was liquidated in 1952. Ormerod debunks conventional economic theory--that the world economy ticks along in perfect equilibrium according to the best-laid plans of business and government--and delves into the reasons for the failure of brands, entire companies, and public policies. Inspired by recent advances in evolutionary theory and biology, Ormerod illuminates the ways in which companies and policy-setting sectors of government behave much like living organisms: unless they evolve, they die. But he also makes clear how desirable social and economic outcomes may be achieved when individuals, companies and governments adapt in response to the actual behavior and requirements of their customers and constituents.

Why Most Things Fail is a fascinating and provocative study of a truth all too seldom acknowledged.

From the Hardcover edition.

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id 4ec3d23a-ae62-2dae-249f-8ab0eff5ee00
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local_callnumber_catalog 330.1 O73w
owning_library_catalog Nashville Public Library
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primary_isbn 9780375424052
publishDate 2005, 2007
record_details ils:CARL0000277706|Book|Books|1st American ed.|English|Pantheon Books,|c2005.|xi, 255 p. : ill. ; 22 cm., overdrive:54299a81-3406-4f24-ae6c-4c735577f5ce|eBook|eBook||English|Knopf Doubleday Publishing Group|2007|
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subject_facet Business failures, Evolution (Biology), Extinction (Biology)
title_display Why most things fail : evolution, extinction and economics
title_full Why Most Things Fail Evolution, Extinction and Economics, Why most things fail : evolution, extinction and economics / Paul Ormerod
title_short Why most things fail :
title_sub evolution, extinction and economics
topic_facet Business, Business failures, Evolution (Biology), Extinction (Biology), Nonfiction