Why most things fail : evolution, extinction and economics / Paul Ormerod.

By:

Ormerod, Paul [author.]

Material type: Text

text

Media type:

unmediated

Carrier type:

volume

ISBN:

0375424059
9780375424052

Subject(s):

DDC classification:

330.1 22

LOC classification:

HG3761 .O76 2005

Review: "Paul Ormerod 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."--BOOK JACKET.

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Holdings
Item type	Current library	Call number	Copy number	Status	Date due	Barcode
Book	City Campus City Campus Main Collection	330.1 ORM (Browse shelf(Opens below))	1	Available		A396817B

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Previous								Next
Previous	330.1 MAC An introduction to the economics of information : incentives and contracts /	330.1 MIC Capitalists, workers, and fiscal policy : a classical model of growth and distribution /	330.1 MIR Machine dreams : economics becomes a cyborg science /	330.1 ORM Why most things fail : evolution, extinction and economics /	330.1 OTH The Other economy : economics nature can live with /	330.1 PIE Natural law : the foundation of an orderly economic system /	330.1 ROB A history of economic thought : the LSE lectures /	Next

Includes bibliographical references (pages 241-245) and index.

"Paul Ormerod 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."--BOOK JACKET.

Machine converted from AACR2 source record.

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