The Up Side Of Down by Megan McArdle
Why Some People Bounce Back and Others Don't
An argument that societies and organizations become stronger when they embrace “failing well” — allowing small failures to expose flaws, encourage learning, and prevent larger systemic catastrophes. Drawing on financial crises, engineering mishaps, and disaster responses, the book critiques bailout culture and heavy-handed regulation that suppress failure and create moral hazard, and advocates for decentralized decision-making, clear incentives, and resilient institutions that can adapt and recover. It blends economics, behavioral insight, and policy prescriptions to show how accepting risk and designing systems that tolerate and learn from mistakes leads to more robust outcomes.
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- Published
- 2014
- Nationality
- American
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
- Avg User Rating
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(4.0)
- Alternate Titles
- None
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