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Why Most Things Fail: Evolution, Extinction and Economics
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Binding: Paperback
Dewey Decimal Number: 338.71
EAN: 9780470089194
ISBN: 0470089199
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 254
Publication Date: February 26, 2007
Publisher: Wiley
Studio: Wiley
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Editorial Review:
Failure is the most fundamental feature of biological, social and economic systems. Just as species fail—and become extinct—so do companies, brands and public policies. And while failure may be hard to handle, understanding the pervasive nature of failure in the world of human societies and economies is essential for those looking to succeed.
Linking economic models with models of biological evolution, Why Most Things Fail identifies the subtle patterns that comprise the apparent disorder of failure and analyzes why failure arises. Throughout the book, author Paul Ormerod exposes the flaws in some of today's most basic economic assumptions, and examines how professionals in both business and government can help their organizations survive and thrive in a world that has become too complex. Along the way, Ormerod discusses how the Iron Law of Failure applies to business and government, and reveals how you can achieve optimal social and economic outcomes by properly adapting to a world characterized by constant change, evolution and disequilibrium.
Filled with in-depth insight, expert advice and illustrative examples, Why Most Things Fail will show you why failure is so common and what you can do to become one of the few who succeed.
Customer Reviews
Average Rating: 
Rating:  - Why the subject of economics is in disequilibrium.
This book is the follow up to the excellent Butterfly Economics.
As I write this review, a leading conservative commentator on a television show broadcast by the Fox News Channel, was stating that the US economy was doing very well. This statement seemed to me to be at odds with the reality as I observe it with For Sale signs springing up almost daily like mushrooms, the lower middle classes and working class are seeing their real incomes eroded, with inflation under control while prices ... Read More
Rating:  - Lousy pop economics
This book is written at the seventh grade level and is consistently vapid. There are intriguing ideas--the similarities of rates of extinction and failures of businesses, but there's no real attempt to explain these similarities beyond telling us that the relevant curves obey a power law. We already knew that lots of businesses fail and that it's hard even for giant companies to keep up, but there's nothing added here that explains any of this.
If you want exciting pop economics, read Steven ... Read More
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