How innovation works And why it flourishes in freedom

Matt Ridley

Book - 2020

Building on his national bestseller The Rational Optimist, 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 businessmen alike.Matt Ridley argues that we need to see innovation as an incremental, bottom-up, fortuitous process that happens as a direct result of the human habit of exchange, rather than an orderly, top-down process developing according to a plan. Innovation is crucially different from invention, because it is the turnin...g of inventions into things of practical and affordable use to people. It speeds up in some sectors and slows down in others. It is always a collective, collaborative phenomenon, involving trial and error, not a matter of lonely genius. It happens mainly in just a few parts of the world at any one time. It still cannot be modeled properly by economists, but it can easily be discouraged by politicians. Far from there being too much innovation, we may be on the brink of an innovation famine.Ridley derives these and other lessons from the lively stories of scores of innovations, how they started and why they succeeded or failed. Some of the innovation stories he tells are about steam engines, jet engines, search engines, airships, coffee, potatoes, vaping, vaccines, cuisine, antibiotics, mosquito nets, turbines, propellers, fertilizer, zero, computers, dogs, farming, fire, genetic engineering, gene editing, container shipping, railways, cars, safety rules, wheeled suitcases, mobile phones, corrugated iron, powered flight, chlorinated water, toilets, vacuum cleaners, shale gas, the telegraph, radio, social media, block chain, the sharing economy, artificial intelligence, fake bomb detectors, phantom games consoles, fraudulent blood tests, hyperloop tubes, herbicides, copyright, and even life itself.

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Subjects
Published
New York, NY : Harper, an imprint of HarperCollinsPublishers [2020]
Language
English
Main Author
Matt Ridley (author)
Edition
First U.S. edition
Item Description
"Originally published as How innovation works: serendipity, energy and the saving of time in Great Britain in 2020 by 4th Estate, an imprint of HarperCollinsPublishers"--Title page verso.
Physical Description
406 pages ; 24 cm
Bibliography
Includes bibliographical references (pages 375-388) and index.
ISBN
9780062916594
  • Introduction: The Infinite Improbability Drive
  • 1. Energy
  • Of heat, work and light
  • What Watt wrought
  • Thomas Edison and the invention business
  • The ubiquitous turbine
  • Nuclear power and the phenomenon of disinnovation
  • Shale gas surprise
  • The reign of fire
  • 2. Public health
  • Lady Mary's dangerous obsession
  • Pasteur's chickens
  • The chlorine gamble that paid off
  • How Pearl and Grace never put a foot wrong
  • Fleming's luck
  • The pursuit of polio
  • Mud huts and malaria
  • Tobacco and harm reduction
  • 3. Transport
  • The locomotive and its line
  • Turning the screw
  • Internal combustion's comeback
  • The tragedy and triumph of diesel
  • The Wright stuff
  • International rivalry and the jet engine
  • Innovation in safety and cost
  • 4. Food
  • The tasty tuber
  • How fertilizer fed the world
  • Dwarfing genes from Japan
  • Insect nemesis
  • Gene editing gets crisper
  • Land sparing versus land sharing
  • 5. Low-technology innovation
  • When numbers were new
  • The water trap
  • Crinkly tin conquers the Empire
  • The container that changed trade
  • Was wheeled baggage late?
  • Novelty at the table
  • The rise of the sharing economy
  • 6. Communication and computing
  • The first death of distance
  • The miracle of wireless
  • Who invented the computer?
  • The ever-shrinking transistor
  • The surprise of search engines and social media
  • Machines that learn
  • 7. Prehistoric innovation
  • The first farmers
  • The invention of the dog
  • The (Stone Age) great leap forward
  • The feast made possible by fire
  • The ultimate innovation: life itself
  • 8. Innovation's essentials
  • Innovation is gradual
  • Innovation is different from invention
  • Innovation is often serendipitous
  • Innovation is recombinant
  • Innovation involves trial and error
  • Innovation is a team sport
  • Innovation is inexorable
  • Innovation's hype cycle
  • Innovation prefers fragmented governance
  • Innovation increasingly means using fewer resources rather than more
  • 9. The economics of innovation
  • The puzzle of increasing returns
  • Innovation is a bottom-up phenomenon
  • Innovation is the mother of science as often as it is the daughter
  • Innovation cannot be forced upon unwilling consumers
  • Innovation increases interdependence
  • Innovation does not create unemployment
  • Big companies are bad at innovation
  • Setting innovation free
  • 10. Fakes, frauds, fads and failures
  • Fake bomb detectors
  • Phantom games consoles
  • The Theranos debacle
  • Failure through diminishing returns to innovation: mobile phones
  • A future failure: Hyperloop
  • Failure as a necessary ingredient of success: Amazon and Google
  • 11. Resistance to innovation
  • When novelty is subversive: the case of coffee
  • When innovation is demonized and delayed: the case of biotechnology
  • When scares ignore science: the case of weedkiller
  • When government prevents innovation: the case of mobile telephony
  • When the law stifles innovation: the case of intellectual property
  • When big firms stifle innovation: the case of bagless vacuum cleaners
  • When investors divert innovation: the case of permissionless bits
  • 12. An innovation famine
  • How innovation works
  • A bright future
  • Not all innovation is speeding up
  • The innovation famine
  • China's innovation engine
  • Regaining momentum
  • Sources and further reading
  • Acknowledgements
  • Index
Review by Kirkus Book Review

An enthusiastic history of human technical innovation. Innovation is not the same as invention, writes bestselling science writer Ridley. Innovation rarely proceeds from a single genius and takes much longer. It resembles Darwinian evolution, a process of "rearranging the world into forms that are unlikely to arise by chance--and that happen to be useful….And innovation is potentially infinite because even if it runs out of new things to do, it can always find ways to do the same things more quickly or for less energy." Throughout the book, the author delivers fascinating histories of technology that we take for granted. Many hands contributed to the developments of the steam engine, automobile, and computer. Ridley makes a convincing case that obsessive trial and error works better than inspiration and illustrates with insightful accounts of Edison, the Wright brothers, and Marconi. Some breakthroughs are inexplicable. People hauled luggage for a century, but the wheeled suitcase only appeared in the 1970s. Perhaps one of the greatest underrated innovations is corrugated sheet metal, a mainstay of slum housing around the world. Indoor flush toilets existed throughout history, but they smelled. Carrying a chamber pot outside worked better. The U-trap, a bend to prevent gases from backing up, started a revolution. Ridley's readership will not be surprised to learn that innovation flourishes where individuals are free to experiment with minimal interference from two large, unimaginative institutions: big business and government. He maintains that they worked together for a generation to suppress cellphones, which were feasible after World War II. In his opinion, the 20th century's sole innovative source of large-scale energy, nuclear power, is in decline, mostly due to government regulation. He contends that patent laws do more harm than good and has little respect for activist zealots, especially when they ignore scientific evidence, a category in which he includes both opponents of genetically modified food and vaccination. Opinionated, often counterintuitive, full of delicious stories, always provocative. Copyright (c) Kirkus Reviews, used with permission.

Copyright (c) Kirkus Reviews, used with permission.