Photo: #Tim Harford, author of "Adapt."
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Tim Harford, author of "Adapt." (Photo by Fran Monks)

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The value of failure

Broadcast: Midmorning, 08/24/2011, 10:06 a.m.
Broadcast: Midmorning, 12/08/2011, 10:06 a.m.

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Life doesn't always turn out as planned, and many of today's challenges can't be solved with ready made solutions. In his new book, economist Tim Harford argues that an adaptive, trial-and-error approach to the challenges we face could be the key to thriving in a complex world.

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  • Tim Harford: writes the "Dear Economist" column for the Financial Times. His new book is titled "Adapt: Why Success Always Starts with Failure."

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