Book cover of Why Most Things Fail: Evolution, Extinction and Economics

Book description

With the same originality and astuteness that marked his widely praised Butterfly Economics, Paul Ormerod now examines the ā€œIron Law of Failureā€ as it applies to business and government–and explains what can be done about it.

ā€œFailure is all around us,ā€ asserts Ormerod. For every General Electric–still going strong after…

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Why read it?

1 author picked Why Most Things Fail as one of their favorite books. Why do they recommend it?

A depressing title? No not really.

Ormerod has written an entertaining and informative book on the complexity of systems, organisations, and human behaviour. Using many examples, he shows how even dominant organisations can falter and wither away.

He is particularly interesting about the nature of failure, and whether through small increases in better judgement and decision making, organisations can in fact continue to prosper.

From Gerald's list on decisions bloody decisions.

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German pianist Hedda Schlagel's world collapsed when her fiancĆ©, Fritz, vanished after being sent to an enemy alien camp in the United States during the Great War. Fifteen years later, in 1932, Hedda…

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