#107 Matt Ridley: Infinite Innovation

This podcast features an interview with Matt Ridley, author of "How Innovation Works," discussing the difference between innovation and invention, emphasizing the collaborative and iterative nature of innovation over the lone genius myth. Ridley uses examples like the Wright brothers versus Samuel Langley and the development of insecticide-treated mosquito nets to illustrate the importance of trial and error and teamwork. He argues that fostering innovation requires removing obstacles, such as excessive regulation, and creating incentives like prizes or advanced market commitments. The discussion also touches upon the role of social media, geographical concentration of innovation, and the shift from zero-sum to abundance-based thinking.