Why Most Things Fail
Evolution, Extinction, and Economics New edition
By (author) Paul Ormerod
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Why Most Things Fail by Paul Ormerod
Book DescriptionThis is a fascinating and provocative study of failure within business, economics, and government. "Why Most Things Fail" argues that failure is the distinguishing feature of corporate life and uses it to link economic models with models of biological evolution. Inspired by advances in evolutionary theory and biology, author Paul 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.Examining the "Iron Law of Failure" as it applies to business, economics, and government, this intriguing book explores the pervasive nature of failure in the world of human societies and economics. Paul Ormerod (London, UK), a theoretical economist, has served as the Head of the Economic Assessment Unit at The Economist and the Director of Economics at the Henley Centre for Forecasting in England. He has taught economics at the University of London and the University of Manchester. Ormerod is founder of the consulting firm Volterra and is an alumni of Oxford University and Cambridge University.
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Book DetailsISBN: 9780470089194
(215mm x 141mm x 15mm)
Publisher: John Wiley and Sons Ltd
Publish Date: 20-Aug-2008
Country of Publication: United States
Books By Author Paul Ormerod
Positive Linking, Paperback (June 2013)
Our social and economic worlds have been revolutionised by a massive increase in our awareness of the choices, decisions, behaviours and opinions of other people. In this title, the author shows network effects make conventional approaches to policy, whether in the public or corporate sectors, more likely to fail.
Why Most Things Fail, Paperback (April 2006)
Focuses on why some businesses fail, and how to avoid it. This book looks at a truth all too seldom acknowledged: most commercial and public policy ventures will not succeed. It shows what strategies corporations, businesses and governments will need to adopt to stand a chance of prospering in a world where only one thing is certain.
Butterfly Economics, Paperback (January 2001)» View all books by Paul Ormerod
A beautifully written and engaging look at the cutting edge where economics meets complexity theory
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Author Biography - Paul Ormerod
Paul Ormerod, a theoretical economist and successful businessman, has served as the head of the Economic Assessment Unit at The Economist and the director of economics at the Henley Centre for Forecasting in England. He has taught economics at the University of London and the University of Manchester. Ormerod is founder of the consulting firm Volterra and is an alumnus of Oxford University and Cambridge University.
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