Summary:
The book explores the patterns of failure in businesses and economies, drawing parallels with biological systems to argue that failure is an inevitable part of the complex, adaptive systems that make up our world. It challenges traditional economic theories and presents a new understanding of why failure occurs, emphasizing unpredictability and the limitations of human knowledge in preventing collapse.
Key points:
1. Inevitability of Failure: Failure is natural in business and economies due to complex and changing conditions. Good management can't always prevent it.
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