Sourced from bbc.co.uk

When faced with complex problems, we look to our leaders in setting out a grand vision. Whether it’s experts drawing up a detailed plan of action, or gurus who can provide us with some infallible solutions. Today’s challenges simply cannot be tackled with ready-made solutions and expert opinions.

The world has become far too unpredictable and profoundly complex. Instead, we must adapt—improvise rather than plan, work from the bottom up rather than the top down, and take baby steps rather than great leaps forward.

Tim Harford, author, the undercover economist and presenter of Radio 4’s “More or Less” shows a new and inspiring approach to solving problems. He reveals hard-won lessons learned in the field and the importance of adaptive, trial-and-error processes in tackling issues such as fostering innovation, climate change, poverty, the financial crises, and conflict.

ARB Team
Arbitrage Magazine
Business News with BITE.

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