Book Talks #2: How Innovation Works

7 takeaways from Matt Riddley's newest book
  1. Innovation combines existing components in new ways

  2. Serendipity is often the force behind innovation. Trade, Travel, Commerce and Exploration increase serendipity.

  3. Innovation is more of an evolution rather than a revolution.

  4. Innovation fluorishes on freedom. The ultimate open-source Innovation often happens by consumers themselves.

  5. Innovation drives Science as often as Science drives Innovation.

  6. Innovation happens when different ideas have sex.

  7. The government is bad at innovation. Extreme patent and copyright laws often have impeded many technologies from developing faster.

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