Ten percent of American businesses disappear every year. ... It's far higher than the failure rate of, say, Americans. Ten percent of Americans don't disappear every year. Which leads us to conclude American businesses fail faster than Americans, and therefore American businesses are evolving faster than Americans.
Accepting trial and error means accepting error. It means taking problems in our stride when a decision doesn't work out, whether through luck or mis… - Tim Harford
Accepting trial and error means accepting error. It means taking problems in our stride when a decision doesn't work out, whether through luck or mis…
- Tim Harford
We should not try to design a better world. We should make better feedback loops. - Tim Harford
We should not try to design a better world. We should make better feedback loops.
Love may be boundless and abundant, but time isn't. Time is finite. - Tim Harford
Love may be boundless and abundant, but time isn't. Time is finite.
Failure is inevitable; it happens all the time in a complex economy. - Tim Harford
Failure is inevitable; it happens all the time in a complex economy.
Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don't expect dentist… - Tim Harford
Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don't expect dentist…
You show me a successful complex system, and I will show you a system that has evolved through trial and error. - Tim Harford
You show me a successful complex system, and I will show you a system that has evolved through trial and error.
There is much more to life than what gets measured in accounts. Even economists know that. - Tim Harford
There is much more to life than what gets measured in accounts. Even economists know that.
Pluralism matters because life is not worth living without new experiences - new people, new places, new challenges. But discipline matters too; we c… - Tim Harford
Pluralism matters because life is not worth living without new experiences - new people, new places, new challenges. But discipline matters too; we c…
British politicians used to be good at misleading people without actually lying. - Tim Harford
British politicians used to be good at misleading people without actually lying.
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