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How Innovation Works
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The Psychology of Money
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Book Description
How Innovation Works" by Matt Ridley explores how progress happens in the real world. It breaks down myths about lone geniuses and highlights how innovation is a gradual, collective, and unpredictable process. Ridley shares compelling stories of great inventors and discoveries, revealing the patterns behind breakthrough ideas.
The book highlights why:
Innovation is an incremental process, not a sudden breakthrough.
Failure is an essential step toward progress.
Market demand, not government policies, drives most innovations.
True innovators borrow, combine, and improve on existing ideas.
This book is essential for entrepreneurs, creators, and anyone curious about how groundbreaking ideas change the world.
Key Takeaways
✅ Innovation thrives in a decentralized, trial-and-error system.
✅ Most great discoveries are built on previous ideas rather than entirely new concepts.
✅ The best innovations are often driven by demand, not just supply.
✅ Government interventions can slow innovation more than they help.
✅ Failure and competition fuel the best breakthroughs.
Reader Reviews & Ratings
⭐ (4.7/5) – 6,200+ reviews
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