Most new products fail; so do many small businesses. And most individuals have experienced a major setback in their personal or professional lives. Success — in life, business, and government — requires harnessing the power of failure, argues Bloomberg’s Megan McArdle in her new book, “The Up Side of Down: Why Failing Well is the Key to Success.”
Through Detroit bailouts to sociological experiments to her own very bad dates, McArdle assesses what makes some failures productive and other disastrous. At this AEI book event, McArdle will discuss, among other topics, how America is the land of opportunity because it is the country most tolerant of failure.