Why Most Things Fail

Why Most Things Fail

Evolution, Extinction and Economics

Book - 2005
Rate this:
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.
Publisher: New York : Pantheon Books, c2005.
Edition: 1st American ed.
ISBN: 9780375424052
0375424059
Branch Call Number: 330.1
Characteristics: xi, 255 p. : ill. ; 22 cm.

Opinion

From the critics


Community Activity

Comment

Add a Comment

There are no comments for this title yet.

Age

Add Age Suitability

There are no ages for this title yet.

Summary

Add a Summary

There are no summaries for this title yet.

Notices

Add Notices

There are no notices for this title yet.

Quotes

Add a Quote

There are no quotes for this title yet.

Explore Further

Recommendations

Subject Headings

  Loading...
No similar edition of this title was found at SLPL.

Try searching for Why Most Things Fail to see if SLPL owns related versions of the work.


Suggest for Purchase

  Loading...
[]
[]
To Top