The Rational Optimist: The Rational Optimist How Prosperity Evolves by Matt Ridley Audiobook

The Rational Optimist is a 2010 popular science book by Matt Ridley, author of The Red Queen: Sex and the Evolution of Human Nature. The book primarily focuses on the benefits of the innate human tendency to trade goods and services.

Time Stamps :
00:00 Prologue - When Ideas have Sex
18:09 Chapter 1 A better today: the unprecedented present
01:29:22 Chapter 2 The collective brain: exchange and specialisation after 200,000 years ago
02:43:05 Chapter 3 The manufacture of virtue: barter, trust and rules after 50,000 years ago
03:49:21 Chapter 4 The feeding of the nine billion: farming after 10,000 years ago
05:00:27 Chapter 5 The triumph of cities: trade after 5,000 years ago
06:05:18 Chapter 6 Escaping Malthus’s trap: population after 1200
06:44:22 Chapter 7 The release of slaves: energy after 1700
07:41:16 Chapter 8 The invention of invention: increasing returns after 1800
08:36:06 Chapter 9 Turning points: pessimism after 1900
09:36:05 Chapter 10 The two great pessimisms of today: Africa and climate after 2010
10:41:26 Chapter 11 The catallaxy rational optimism about 2100
10:59:37 Acknowledgements

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[dhillongarry]

This passage discusses the dynamic nature of knowledge and markets.

1. **New Knowledge and Innovation**: The idea that new knowledge is constantly being created means that a "steady state" or unchanging condition is impossible. Innovations and new ideas continually emerge, leading to new combinations and opportunities.

2. **Dispersed Knowledge**: Friedrich Hayek's argument is that knowledge is spread throughout society. Each person has unique insights and perspectives, making it impossible to centralize all knowledge in one place. Knowledge is a collective resource, not something that can be fully possessed by an individual.

3. **Market Imperfections**: The passage suggests that imperfections in the market are natural and inevitable. Just as no marriage is perfect, no market can perfectly match the idealized version of a "perfect market." This doesn't mean the market has failed; it simply reflects the inherent imperfections and variability in real-world scenarios.

In essence, the passage emphasizes the continuous evolution of knowledge, the collective nature of understanding, and the acceptance of imperfections in markets as a normal part of economic life.

[jonathangleason]

Id like this a lot more if there wasnt 8 minute long high speed parts. If youre just gonna fastforward you might as well remove it from the video entirely.

[jackcarney]

Well done, thank you, a very important book, most grateful!

[fractalnomics]

6:13:14 sadly there are chipmunks (speed problems) and it gets worse later.

[LittleMew]

Is this the full audiobook? Seems a bit short.