To Fix Health Care, First Reward Failure
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May 25 (Bloomberg) -- Tim Harford has an unusual fear aboutgovernment failure. He’s not worried that the government failstoo often. He’s worried that it doesn’t fail often enough. TheBritish economist is the author of the compelling newbook,"Adapt: Why Success Always Starts With Failure."
In it, he warns that "we face a difficult challenge.Themore complex and elusive our problems are,the more effectivetrial and error" -- which is to say, failing and learningfrom those failures -- "becomes, relative to the alternatives.Yet it is an approach that runs counter to our instincts, and tothe way in which traditional organizations work."