James Dyson

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pages: 312 words: 108,194

Invention: A Life by James Dyson

3D printing, additive manufacturing, augmented reality, Boris Johnson, Buckminster Fuller, car-free, carbon footprint, coronavirus, country house hotel, COVID-19, electricity market, Elon Musk, Etonian, Fellow of the Royal Society, Ford Model T, global supply chain, Google Glasses, Indoor air pollution, James Dyson, James Watt: steam engine, lockdown, microplastics / micro fibres, mittelstand, remote working, rewilding, Saturday Night Live, side project, Silicon Valley, Silicon Valley startup, social distancing, sovereign wealth fund, uranium enrichment, warehouse automation, Winter of Discontent, Yom Kippur War, young professional

G. 86–87 Dowson, George 51 Doyle Dane Bernbach 43 drypowder carpet shampoo machine 97–98 Dry Stone Walling Association 253 Dymaxion 233 Dysolve 98 Dyson (Ltd.) core technologies 132–80 see also individual technology and product name education and 260–91 see also education farming and 242–59 see also Dyson Farming future of 292–302 global reach of 181–208 see also individual nation name management structure 237–38 middle-class buyers and 119 origins of 80, 81–131 philanthropy see James Dyson Foundation premises see individual area name private company 79–80, 301–2 products see individual product name recruitment see recruitment, Dyson website 201–3 Dyson, Alec (JD’s father) 6, 7, 8, 9, 10–11, 12, 13, 15, 16, 17, 78, 191, 209, 246–47, 290, 291, 292 Dyson, Alexandra “Shanie” (JD’s sister) 7, 9, 11, 16 Dyson Centre for Neonatal Care, Royal United Hospital Bath 288–89 Dyson, Deirdre (JD’s wife) 3, 13, 25, 34, 59, 65, 67, 111, 117, 188, 245, 254, 299, 300–1 Amway lawsuit and 103 Ballbarrow and 70, 72 Byam Shaw School of Drawing and Painting 21, 22, 24–25 Dodington restoration and 293 Dyson family finances/financial risk and 3, 23, 61, 70–71, 80, 81–82, 84, 86, 97, 103, 107, 119 evening of opera arias, hosts 142 family background 23–24 James and Deirdre Dyson Trust and 288–89, 290 JD first meets 21–22 JD, on life with 309–14 marries JD 22 rug designer 23 Tube Boat and 61 Dyson Demo stores 185, 202 Dyson, Emily (JD’s daughter) 15, 22–23, 59, 86, 300–301, 310 Dyson Farming 242–59 anaerobic-digester power plants 257 drystone wall rebuilding 253–54 Dyson Ltd. and 243–44, 257–58 electricity, making and selling of 249, 251 food sales direct from farms 249–51 greenhouses 257 “greenwash” and 243 growth of 256 landlord, Dyson Farms as 256–57 machinery, agricultural 248–49, 252, 254–56 media reaction to 256 Nocton estate 245–53, 254 origins of 244–50 polylactic acid (PLA) extraction from corn starch 258 size of farms 242 subsidies and 250–51 underinvestment and lack of maintenance in farms acquired by 244 Dyson Institute of Engineering and Technology/Dyson University 2, 122, 198, 273–81, 276, 277, 279, 281, 282, 290 Dyson, Jake (JD’s son) 15, 22–23, 59, 86, 126, 172, 202–3, 280, 300, 301, 303–8 Dyson, James advice, avoids giving 313 Ballbarrow and see Ballbarrow birth 9 bloody-mindedness 2 Brexit/European Union, opinions on 130, 131, 192, 203–8, 210, 250, 251 Byam Shaw School of Drawing and Painting 19, 20–22, 25, 310 childhood 5–18, 245 companies see individual company name competitive nature, Dierdre Dyson on 312–13 confidence, Dierdre Dyson on 309–10 determination, Dierdre Dyson on 312 Dyson Ltd and see individual area of Dyson Ltd Dyson products and see individual product name Eagle painting competition (1957), wins 17 education, opinions on see education everyday use, become interested in designing products for 60 family and see individual family member name finances 22, 23, 37, 61, 70–71, 73, 78–79, 80, 81–82, 84, 95, 98, 99, 100, 102, 103, 107, 108, 118, 311 gap year 19 Gresham’s School 5–7, 8, 9, 11, 18, 142, 245, 289–91 “Ingenious Britain: Making the UK the leading high tech exporter in Europe” (report) 270 Kirk-Dyson and see Kirk-Dyson manufacturing, on British attitudes toward 40–44, 58–59, 64–66, 192–93, 203–8, 236–41, 259, 260–91 marries 22 media attacks upon 191, 198–99, 238–39 morality, Dierdre Dyson on 312 optimism, Dierdre Dyson on 314 philanthropy see individual philanthropic venture name practicality, Dierdre Dyson on 311 Rotork and see Rotork Royal College of Art, attends 13–14, 21, 25–36 Royal College of Art, Provost of 28, 283 Sea Truck and see Sea Truck Dyson Japan 185 Dyson, Mary (JD’s mother) 5–6, 8–9, 11, 12–13, 15, 18, 22, 24, 50 Dyson, Sam (JD’s son) 15, 22–23, 77, 81, 86, 300, 301 Dyson Symphony performance, Cadogan Hall, London (2018) 142 Dyson, Tom (JD’s brother) 7, 9, 11, 16 Eagle 17 Eames Soft Pad chair 219 Eames, Charles 28, 94 Eastern Electricity Board 115–16 ECKO 121 EcoHelmet 288 editorial coverage, value of 72–73 education 260–291 Academy Schools 268–69 Bath Dyson School project 268–70 Bath schools, Dyson beings engineering into classrooms of 271–72 Concorde engineers 264 Dyson Centre for Neonatal Care, Royal United Hospital Bath 288 Dyson Institute of Engineering and Technology/Dyson University 2, 122, 198, 273–81, 276, 277, 279, 281, 282, 290 Dyson School of Design Engineering, Imperial College 190, 296–97 exam setting 264 Great Exhibition and 262–63 Gresham’s School and see Gresham’s School “Ingenious Britain: Making the UK the leading high tech exporter in Europe” report 270 Innovation RCA Board 283–84 James Dyson Award 266, 284–88 James Dyson Building for Engineering, Cambridge University 281–82 James Dyson Foundation and 267–67, 271, 272, 273, 275, 281, 284, 285 learning by doing/trial and error/failing 260–61 manufacturing, British attitudes toward and 260–91 “master classes,” Dyson engineer 267 Mechanics’ Institutes and 261–62 Millennium Experience and 263 “Roadie” boxes, Dyson 268 Royal College of Art James Dyson Building 283 Royal College of Art, JD becomes Provost 28, 283 science and technology, British attitude toward teaching 26 technical schools 263–64 Egyptian Special Boat Brigade 47–48 Eilmar, monk of Malmesbury Abbey 121 Electricity Board 115–16 Elizabeth II, Queen 22, 137, 300 EMC (electro-magnetic compatibility) chamber 195 energy label performance data 204–6 English Electric F1.A Lightning Mach 2 RAF interceptor 125 English Heritage 269 entasis 223 Environment Agency 269 epoxy powder 73 ERM (EEC Exchange Rate Mechanism) 108 Essity AB 162 European Commission 205, 206 European Court of Human Rights (ECHR) 102 European Court of Justice (CJEU) 206 European Economic Community (EEC) 65 European General Court (EGC) 206 European Tissue Symposium (ETS) 162 European Union (EU) 130, 131, 192, 203–8, 210, 250–51 EV, Dyson (electric vehicle) (N526) 56, 209–28, 218 acceleration 226 aerodynamics 221 air-filtration technology 220 batteries 213, 214–15 chassis 212 cost 226 dashboard 220 digital micromirror 220 driving position 217 electric drive unit (EDU) 215 electric motors 224 head-up display, HUD 220 heating and air conditioning 220–21 length 216 lights 221 production halted 227 quarter-scale models in clay 222 range 212–13, 221 sales, direct 225 seats 217, 218, 219 site for construction of 224 space, feeling of 217 start-up acquisition and 214–15 suppliers 225 testing 21 tires 217 top speed 224 torque 224 turning circle 216–17 weight 219 wheels 221 windscreen 219–20 EVA (ethylene vinyl acetate) 68, 70, 76 experience, value of 2–3, 15, 29, 44, 183 failure, importance of 1–2, 3, 15, 79, 80, 85, 86, 132, 260, 266, 294 failed hand-made prototypes of cyclonic vacuum 1, 86–88, 260 Fairey Battle bomber 121 family businesses 295–96 Fantom 98, 99–101, 102, 103 Faraday, Michael 156, 214 farming.

To their great credit, sections of the media did investigate the BBC’s claims and found them entirely false. This attempt to mire Dyson and me in a political sleaze narrative failed, because it wasn’t true. It took a while, but eventually the BBC did apologize for its inaccuracies: Sir James Dyson apology - Various outlets, Wednesday 21 April 2021 We accept that Sir James Dyson is not a prominent Conservative supporter as was stated in some of our coverage of his text messages with the Prime Minister. The James Dyson Foundation made a charitable gift to support the Wiltshire Engineering Festival for school children. We accept that this does not signal affiliation to any political party and we would like to put the record straight.

Born in Norfolk, England, in 1947, he studied design at the Royal College of Art in London before joining Rotork to engineer and make the Sea Truck, a high-speed, flat-bottomed boat, with Jeremy Fry. Dyson believes that engineers and entrepreneurs can improve the world, and he helps them to do so through the Dyson Institute of Engineering and Technology, the James Dyson Foundation, and the annual James Dyson Award. Archive photos and footage available at: www.Dyson.com/JamesDyson SimonandSchuster.com www.SimonandSchuster.com/Authors/James-Dyson @simonbooks We hope you enjoyed reading this Simon & Schuster ebook. Get a FREE ebook when you join our mailing list. Plus, get updates on new releases, deals, recommended reads, and more from Simon & Schuster.


pages: 252 words: 70,424

The Self-Made Billionaire Effect: How Extreme Producers Create Massive Value by John Sviokla, Mitch Cohen

Bear Stearns, Blue Ocean Strategy, business cycle, Cass Sunstein, Colonization of Mars, corporate raider, Daniel Kahneman / Amos Tversky, driverless car, eat what you kill, Elon Musk, Frederick Winslow Taylor, game design, global supply chain, James Dyson, Jeff Bezos, John Harrison: Longitude, Jony Ive, loss aversion, Mark Zuckerberg, market design, megaproject, old-boy network, paper trading, RAND corporation, randomized controlled trial, Richard Thaler, risk tolerance, scientific management, self-driving car, Sheryl Sandberg, Silicon Valley, smart meter, Steve Ballmer, Steve Jobs, Steve Wozniak, tech billionaire, Tony Hsieh, Toyota Production System, Virgin Galactic, young professional

During the Internet boom, Dell grew rapidly on account of its direct-to-customer sales model as well as its extremely efficient supply chain. Michael Dell stepped down as CEO in 2004, but returned as a result of a decline in the PC market, quality issues, and SEC charges. In 2013, he organized a successful leveraged buyout to bring the company private. Sir James Dyson b. 1947, United Kingdom Dyson James Dyson was a student at the Royal College of Art in London when Rotork Marine granted his first design commission for a flat-hulled boat. Dyson, however, is best known for his eponymous bagless vacuum cleaners. The first model, the G-Force, went through 5,127 iterations before it was ready for production in the mid-1980s; however, Dyson had difficulty finding a manufacturer in the United Kingdom or the United States.

While Mauborgne and Kim captured the way that corporations tend to think about untapped markets, Producers do not appear to be concerned with these distinctions. From the outside, the markets they work in all look purple, a blending of new approaches within old modes that reveal ways to re-create the space. James Dyson didn’t stop reimagining the vacuum cleaner because Mr. Hoover got there first. He just imagined it better, as a more beautiful object created for a public trained by brands like Braun and Apple to want to see function in the form. In fact, 80 percent of the self-made billionaires we studied made their fortunes in contested market spaces that would by any measure be considered “red.”

John Paul DeJoria launched John Paul Mitchell Systems into the populated market of high-end hair care; there were other ways to pay sellers online before Elon Musk bought PayPal; Bharti Enterprises founder Sunil Mittal got his start importing known, legacy technologies into India; Sara Blakely’s Spanx were inserted into a hosiery market dominated by L’eggs and Hanes; Carnival Cruise billionaire Micky Arison made his billions by reinventing the cruising business away from its status as a vacation option only for the wealthy and elderly; James Dyson invented the dual cyclone to compete in a product space that was so entrenched that Mr. Hoover’s name had become synonymous with “vacuum cleaner”; Farallon hedge fund founder Tom Steyer employed investing techniques similar to his peers; the housing developer Eli Broad embraced his flagship idea of building affordable homes without basements in part because he saw it had already been done somewhere else; coffee was already thousands of years old—one of the oldest commodities in the world—when Howard Schultz bought and then revamped Starbucks; and Glen Taylor, whose business was a printing shop, was part of a wave of business owners recognizing the escalating investments people were making in weddings.


pages: 361 words: 107,461

How I Built This: The Unexpected Paths to Success From the World's Most Inspiring Entrepreneurs by Guy Raz

Airbnb, AOL-Time Warner, Apple II, barriers to entry, Bear Stearns, Ben Horowitz, Big Tech, big-box store, Black Monday: stock market crash in 1987, Blitzscaling, business logic, call centre, Clayton Christensen, commoditize, Cornelius Vanderbilt, Credit Default Swap, crowdsourcing, data science, East Village, El Camino Real, Elon Musk, fear of failure, glass ceiling, growth hacking, housing crisis, imposter syndrome, inventory management, It's morning again in America, iterative process, James Dyson, Jeff Bezos, Justin.tv, Kickstarter, low cost airline, Lyft, Marc Andreessen, Mark Zuckerberg, move fast and break things, Nate Silver, Paul Graham, Peter Thiel, pets.com, power law, rolodex, Ronald Reagan, Ruby on Rails, Salesforce, Sam Altman, Sand Hill Road, side hustle, Silicon Valley, software as a service, South of Market, San Francisco, Steve Jobs, Steve Wozniak, subprime mortgage crisis, TED Talk, The Signal and the Noise by Nate Silver, Tony Hsieh, Uber for X, uber lyft, Y Combinator, Zipcar

Protect What You’ve Built He formed a company: “My Biggest Mistake: James Dyson,” The Independent, February 6, 1994, https://www.independent.co.uk/news/business/my-biggest-mistake-james-dyson-1392336.html. After he returned: Jeff Stibel, “James Dyson: A Profile in Failure,” LinkedIn, June 16, 2015, https://www.linkedin.com/pulse/james-dyson-profile-failure-jeff-stibel/. after a three-year battle: Clare Dyer, “Hoover Taken to Cleaners in £4m Dyson Case,” The Guardian, October 4, 2002, https://www.theguardian.com/uk/2002/oct/04/claredyer. “terrible mistake”: “My Biggest Mistake: James Dyson.” “It was like giving birth”: Quoted in Stibel, “James Dyson: A Profile in Failure.” 17.

And what if that ball rotated 360 degrees for increased maneuverability and was attached to the front of a redesigned barrow that allowed for easy hauling and unparalleled stability? Well, look no further, because the Ballbarrow is here! Trust me, it will change your life, much the way it should have changed the life of its inventor, James Dyson, who, thanks to an opportunistic sales manager, a fickle board of directors, and a failed lawsuit, ended up with nothing to show for nearly a decade of hard work. Today, James Dyson is best known for the bagless cyclonic vacuum cleaner that bears his name. It has made him one of the richest men and largest landowners in the United Kingdom. But in the early 1970s, long before he spent five years in his coach house—which was really more of a glorified toolshed—building more than 5,000 prototypes of the vacuum cleaner that would make him a household name, Dyson bought the old farm on which that coach house sits and which inspired the invention at the heart of his very first business—the Ballbarrow.

And then the bank put them into foreclosure, which forced Curt and Dippin’ Dots to file for Chapter 11 bankruptcy—something, as an old-school guy who paid his debts as a matter of pride and principle, Curt thought he would never do. It was then that the company really began to slip away from Curt, much the way Ballbarrow gradually slipped away from James Dyson. Three days after Dippin’ Dots filed for bankruptcy protection, a father-son duo named Mark and Scott Fischer reached out to express interest in coming aboard as investors. They owned a family oil concern called Chaparral Energy, and they were planning on divesting from it a bit and putting some of that money to work in other places.


pages: 410 words: 114,005

Black Box Thinking: Why Most People Never Learn From Their Mistakes--But Some Do by Matthew Syed

Abraham Wald, Airbus A320, Alfred Russel Wallace, Arthur Eddington, Atul Gawande, Black Swan, Boeing 747, British Empire, call centre, Captain Sullenberger Hudson, Checklist Manifesto, cognitive bias, cognitive dissonance, conceptual framework, corporate governance, creative destruction, credit crunch, crew resource management, deliberate practice, double helix, epigenetics, fail fast, fear of failure, flying shuttle, fundamental attribution error, Great Leap Forward, Gregor Mendel, Henri Poincaré, hindsight bias, Isaac Newton, iterative process, James Dyson, James Hargreaves, James Watt: steam engine, Johannes Kepler, Joseph Schumpeter, Kickstarter, Lean Startup, luminiferous ether, mandatory minimum, meta-analysis, minimum viable product, publication bias, quantitative easing, randomized controlled trial, selection bias, seminal paper, Shai Danziger, Silicon Valley, six sigma, spinning jenny, Steve Jobs, the scientific method, Thomas Kuhn: the structure of scientific revolutions, too big to fail, Toyota Production System, US Airways Flight 1549, Wall-E, Yom Kippur War

II This is a book about how success happens. In the coming pages, we will explore some of the most pioneering and innovative organizations in the world, including Google, Team Sky, Pixar, and the Mercedes Formula One team as well as exceptional individuals like the basketball player Michael Jordan, the inventor James Dyson, and the soccer star David Beckham. Progress is one of the most striking aspects of human history over the last two millennia and, in particular, the last two and a half centuries. It is not just about great businesses and sports teams, it is about science, technology, and economic development.

Chapter 10 How Failure Drives Innovation I The headquarters of Dyson are in a futuristic building about forty miles west of Oxford. Outside the front entrance is a Harrier jump jet—not a replica, a real one—and a high-speed landing craft. They both hint at the unconventionality of what goes on inside. James Dyson, the chairman and chief engineer of the company, works in a glass-fronted office just above the entrance. Along the back wall are the beautifully conceived products that have turned him into an icon of British innovation: super-efficient vacuum cleaners, futuristic hand dryers, and other devices yet to roll off the production line.

Twenty-six times I’ve been trusted to take the game-winning shot and missed.” For many the ad was perplexing. Why boast about your mistakes? But to Jordan it made perfect sense. “Mental toughness and heart are a lot stronger than some of the physical advantages you might have,” he said. “I’ve always said that and I’ve always believed that.” James Dyson embodies this perspective, too. He was once called “an evangelist for failure.” “The most important quality I look for in people coming to Dyson is the willingness to try, fail and learn. I love that spirit, all too rare in the world today,” he says. In the previous section we looked at how blame can undermine openness and learning, and how to address it.


pages: 102 words: 27,769

Rework by Jason Fried, David Heinemeier Hansson

call centre, Clayton Christensen, Dean Kamen, Exxon Valdez, fault tolerance, fixed-gear, James Dyson, Jeff Bezos, Ralph Nader, risk tolerance, Ruby on Rails, Steve Jobs, Tony Hsieh, Y Combinator

We had the itch, so we scratched it. When you build a product or service, you make the call on hundreds of tiny decisions each day. If you’re solving someone else’s problem, you’re constantly stabbing in the dark. When you solve your own problem, the light comes on. You know exactly what the right answer is. Inventor James Dyson scratched his own itch. While vacuuming his home, he realized his bag vacuum cleaner was constantly losing suction power—dust kept clogging the pores in the bag and blocking the airflow. It wasn’t someone else’s imaginary problem; it was a real one that he experienced firsthand. So he decided to solve the problem and came up with the world’s first cyclonic, bagless vacuum cleaner.* Vic Firth came up with the idea of making a better drumstick while playing timpani for the Boston Symphony Orchestra.

But if you keep your mass low, you can quickly change anything: your entire business model, product, feature set, and/or marketing message. You can make mistakes and fix them quickly. You can change your priorities, product mix, or focus. And most important, you can change your mind. *Jim Rutenberg, “Clinton Finds Way to Play Along with Drudge,” New York Times, Oct. 22, 2007. *“Fascinating Facts About James Dyson, Inventor of the Dyson Vacuum Cleaner in 1978,” www.ideafinder.com/history/inventors/dyson.htm †Russ Mitchell, “The Beat Goes On,” CBS News, Sunday Morning, Mar. 29, 2009, www.tinyurl.com/cd8gjq ‡Eric Ransdell, “The Nike Story? Just Tell It!” Fast Company, Dec. 19, 2007, www.fastcompany.com/magazine/31/nike.html *“Mary Kay Ash: Mary Kay Cosmetics,” Journal of Business Leadership 1, no. 1 (Spring 1988); American National Business Hall of Fame, www.anbhf.org/laureates/mkash.html *“Stanley Kubrick—Biography,” IMDB, www.imdb.com/name/nm00004o/bio *Mission, Enterprise Rent-a-Car, http://aboutus.enterprise.com/who_we_are/mission.html CHAPTER PROGRESS Embrace constraints “I don’t have enough time/money/people/experience.”

And here’s a list of some of the people we know, and don’t know, who have inspired us in one way or another: Frank Lloyd Wright Seth Godin Warren Buffett Jamie Larson Clayton Christensen Ralph Nader Jim Coudal Benjamin Franklin Ernest Kim Jeff Bezos Scott Heiferman Antoni Gaudi Carlos Segura Larry David Steve Jobs Dean Kamen Bill Maher Thomas Jefferson Mies van der Rohe Ricardo Semler Christopher Alexander James Dyson Kent Beck Thomas Paine Gerald Weinberg Kathy Sierra Julia Child Marc Hedlund Nicholas Karavites Michael Jordan Richard Bird Jeffrey Zeldman Dieter Rams Judith Sheindlin Ron Paul Timothy Ferriss Copyright © 2010 by 37signals, LLC. All rights reserved. Published in the United States by Crown Business of the Crown Publishing Group, a division of Random House, Inc., New York.


pages: 505 words: 133,661

Who Owns England?: How We Lost Our Green and Pleasant Land, and How to Take It Back by Guy Shrubsole

Adam Curtis, Anthropocene, back-to-the-land, Beeching cuts, Boris Johnson, Capital in the Twenty-First Century by Thomas Piketty, centre right, congestion charging, Crossrail, deindustrialization, digital map, do-ocracy, Downton Abbey, false flag, financial deregulation, fixed income, fulfillment center, Garrett Hardin, gentrification, Global Witness, Goldman Sachs: Vampire Squid, Google Earth, housing crisis, housing justice, James Dyson, Jeremy Corbyn, Kickstarter, land bank, land reform, land tenure, land value tax, linked data, loadsamoney, Londongrad, machine readable, mega-rich, mutually assured destruction, new economy, Occupy movement, offshore financial centre, oil shale / tar sands, openstreetmap, place-making, plutocrats, profit motive, rent-seeking, rewilding, Right to Buy, Ronald Reagan, Russell Brand, sceptred isle, Stewart Brand, the built environment, the map is not the territory, The Wealth of Nations by Adam Smith, Tragedy of the Commons, trickle-down economics, urban sprawl, web of trust, Yom Kippur War, zero-sum game

documents I obtained See Rob Edwards, ‘Ineos boss lobbied Osborne to bust unions and back fracking’, The Ferret, 27 February 2017, https://theferret.scot­/ineos-boss-lobbied­-osborne­-unions­-fracking­/ tax haven of Monaco Jillian Ambrose, ‘Britain’s wealthiest man Sir Jim Ratcliffe leaves the UK to move to Monaco’, Telegraph, 8 August 2018. walk away from the EU Will Heaven, ‘James Dyson: If Brexit talks fail with the EU it’s “no big deal”’, Spectator, 29 July 2017; John Arlidge, ‘Exclusive interview: Sir James Dyson reveals the secrets of his success’, Sunday Times Rich List 2017, 7 May 2017. busy hoovering up Philip Case, ‘Brexiter Dyson warns government not to cut farm subsidies’, Farmers Weekly, 28 July 2017, http://www.fwi.co­.uk/news/brexiteer­-dyson­-warns­-government­-not-cut-farm-subsidies.htm 33,000 acres, mainly in Lincolnshire See ‘Why is James Dyson hoovering up land?’, 19 September 2017, https://whoownsengland.org­/2017/09/19­/why­-is­-james­-dyson-hoovering-up-land/ What Sir James is doing Gary Rycroft, Lancaster Guardian, 11 January 2015, http://www.lancasterguardian.co­.uk/news/opinion­/gary­-rycroft­-column­-1-7039313 temerity to warn ministers Case, ‘Brexiter Dyson warns government not to cut farm subsidies’ generous EU handouts One ‘Dacre, P’ of Wadhurst in Kent received £28,219.15 in 2016 and £32,482.63 in 2017 in farm subsidies under the EU CAP; see http://www.cap-payments­.defra.gov.uk­/SearchResults­.aspx­ farmland in Kent Dacre owns the East Lymde estate near Wadhurst and a grouse-moor estate near Ullapool in Scotland; see Kevin Rawlinson and Jasper Jackson, ‘Daily Mail editor received £88,000 in EU subsidies in 2014’, Guardian, 30 March 2016. 26,000-acre farm Acreage obtained by measuring the area of land covered by Environmental Stewardship payments to Lilburn Estate according to Natural England maps.

For years, ministers resisted its release, pressured by landowners’ lobby groups, who feared embarrassing stories would emerge about how much taxpayers’ money their members were receiving. But campaigners at the group FarmSubsidy.org persisted, and eventually the EU ruled that farm payments data had to become transparent. Some of the largest recipients of farm subsidies in recent years have turned out to be billionaire inventor-turned-landowner James Dyson, a Saudi prince who owns large horse-racing studs, and the Queen, for her private estate at Sandringham. The data on overall farm subsidies now published by the government doesn’t come with maps. That makes it harder to use for locating landowners’ estates. But farm subsidies under the CAP regime come under two ‘pillars’.

To cap it all, in August 2018 – having secured his spot at the top of the Rich List, plus a knighthood to boot – Ratcliffe announced he would be moving his fortune to the tax haven of Monaco. It’s a classic example of the modern rootlessness of capital. Other propertied billionaires who have done well out of the post-Thatcherite political settlement have also lobbied the government to reduce taxes further and maintain subsidies for big landowners. Sir James Dyson, the inventor of the bagless vacuum cleaner, has called for the UK to walk away from the EU without a trade deal, slash taxes and regulations after Brexit and become the ‘Singapore of Europe’. Leaving Europe without a trade deal would prove devastating for Britain’s small farmers, who rely on the EU as their main export market; but Dyson seems blasé about this.


pages: 223 words: 10,010

The Cost of Inequality: Why Economic Equality Is Essential for Recovery by Stewart Lansley

"World Economic Forum" Davos, Adam Curtis, air traffic controllers' union, Alan Greenspan, AOL-Time Warner, banking crisis, Basel III, Big bang: deregulation of the City of London, Bonfire of the Vanities, borderless world, Branko Milanovic, Bretton Woods, British Empire, business cycle, business process, call centre, capital controls, collective bargaining, corporate governance, corporate raider, correlation does not imply causation, creative destruction, credit crunch, Credit Default Swap, crony capitalism, David Ricardo: comparative advantage, deindustrialization, Edward Glaeser, Everybody Ought to Be Rich, falling living standards, financial deregulation, financial engineering, financial innovation, Financial Instability Hypothesis, floating exchange rates, full employment, Goldman Sachs: Vampire Squid, high net worth, hiring and firing, Hyman Minsky, income inequality, James Dyson, Jeff Bezos, job automation, job polarisation, John Meriwether, Joseph Schumpeter, Kenneth Rogoff, knowledge economy, laissez-faire capitalism, Larry Ellison, light touch regulation, Londongrad, Long Term Capital Management, low interest rates, low skilled workers, manufacturing employment, market bubble, Martin Wolf, Mary Meeker, mittelstand, mobile money, Mont Pelerin Society, Myron Scholes, new economy, Nick Leeson, North Sea oil, Northern Rock, offshore financial centre, oil shock, plutocrats, Plutonomy: Buying Luxury, Explaining Global Imbalances, proprietary trading, Right to Buy, rising living standards, Robert Shiller, Robert Solow, Ronald Reagan, savings glut, shareholder value, The Great Moderation, The Spirit Level, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, Tyler Cowen, Tyler Cowen: Great Stagnation, Washington Consensus, Winter of Discontent, working-age population

Traditionally capitalism has thrived through the development of new products and new industries, by taking long-term risks with investment, by finding ways of becoming smarter, more inventive and beating the competition with better or cheaper products. That model of capitalism has not disappeared—witness the rise of Google, Facebook and Yahoo—but it has become a side-show in the non-tech world (where in Britain is the new James Dyson?). Instead, the new era of deregulation has created the opportunity to make money, big money, not by being smarter, or by taking a long view, or by investing in new systems, but by a number of new business practices that manipulate the financial structures of existing firms. ‘Business’ activity today means mergers, hostile takeovers and rearranging balance sheets.

Because of the low level of investment, Britain’s infrastructure remains poor compared with her main competitors. Too many plants operate with antiquated systems while levels of training have lagged behind other countries. Despite the introduction of freer markets, funding for training, research and development and innovation has slowed.220 Manufacturing entrepreneurs like James Dyson who invest in engineers are the exception. The evidence is of a strong link between R&D and related capital spending and added value and eventually, profitability. 221 Yet, apart from a handful of industries such as defence, pharmaceuticals and mobile phones, UK companies invest less in R&D, innovation and capital equipment than their international competitors.

As a result, the UK (London and the South-East in particular) has too many jobs associated with financial engineering and its spin-offs— the law, accountancy and property—and too few in productive, entrepreneurial, hitech sectors of the economy from design and software to green technology and engineering. Britain still has a number of world beating companies, built over decades. Rolls Royce is a high quality global player, employing 39,000 skilled workers worldwide. While James Dyson outsourced production from Wiltshire to Malaysia he has recently doubled his army of inventors, scientists and engineers to 700 in his quest for new products. Some industries—from health and the creative industries to high tech manufacturing and business services—have flourished. The scale of the collapse in Britain’s industrial base can sometimes be exaggerated.


pages: 345 words: 84,847

The Runaway Species: How Human Creativity Remakes the World by David Eagleman, Anthony Brandt

active measures, Ada Lovelace, agricultural Revolution, Albert Einstein, Andrew Wiles, Apollo 13, Burning Man, cloud computing, computer age, creative destruction, crowdsourcing, Dava Sobel, deep learning, delayed gratification, Donald Trump, Douglas Hofstadter, en.wikipedia.org, Frank Gehry, Gene Kranz, Google Glasses, Great Leap Forward, haute couture, informal economy, interchangeable parts, Isaac Newton, James Dyson, John Harrison: Longitude, John Markoff, Large Hadron Collider, lone genius, longitudinal study, Menlo Park, microbiome, Netflix Prize, new economy, New Journalism, pets.com, pneumatic tube, QWERTY keyboard, Ray Kurzweil, reversible computing, Richard Feynman, risk tolerance, Scaled Composites, self-driving car, Simon Singh, skeuomorphism, Solyndra, SpaceShipOne, stem cell, Stephen Hawking, Steve Jobs, Stewart Brand, synthetic biology, TED Talk, the scientific method, Watson beat the top human players on Jeopardy!, wikimedia commons, X Prize

They finally figured out a way to reify Shockley’s anticipated effect – and at the other end of the labyrinth they emerged into the modern world of the transistor. Shockley would later refer to this error-filled period as “the natural blundering process of finding one’s way.” This process of bumping against failure – again and again – is how James Dyson invented the first bag-less vacuum cleaner. It took 5,127 prototypes and fifteen years for him to nail the model that would finally go to market. Praising error, here’s how he describes his process: There are countless times an inventor can give up on an idea. By the time I made my fifteenth prototype, my third child was born.

Tolerate risk 1 Frederick Dalzell, Engineering Invention: Frank J. Sprague and the U.S. Electrical Industry (Cambridge, MA: MIT Press, 2010). 2 Paul Israel, Edison: A Life of Invention (New York: John Wiley, 1998). 3 Thomas Edison, in Andrew Delaplaine, Thomas Edison: His Essential Quotations (New York: Gramercy Park, 2015), p. 3. 4 James Dyson, “No Innovator’s Dilemma Here: In Praise of Failure,” Wired, April 8, 2011, accessed August 21, 2015, <http://www.wired.com/2011/04/in-praise-of-failure/> 5 Marcia B. Hall, Michelangelo’s Last Judgment (Cambridge: Cambridge University Press, 2005). 6 Marcia B. Hall, Michelangelo’s Last Judgment. 7 Richard Steinitz, György Ligeti: Music of the Imagination (Boston: Northeastern University Press, 2003). 8 T.J.

Tolerate risk 1 Frederick Dalzell, Engineering Invention: Frank J. Sprague and the U.S. Electrical Industry (Cambridge, MA: MIT Press, 2010). 2 Paul Israel, Edison: A Life of Invention (New York: John Wiley, 1998). 3 Thomas Edison, in Andrew Delaplaine, Thomas Edison: His Essential Quotations (New York: Gramercy Park, 2015), p. 3. 4 James Dyson, “No Innovator’s Dilemma Here: In Praise of Failure,” Wired, April 8, 2011, accessed August 21, 2015, <http://www.wired.com/2011/04/in-praise-of-failure/> 5 Marcia B. Hall, Michelangelo’s Last Judgment (Cambridge: Cambridge University Press, 2005). 6 Marcia B. Hall, Michelangelo’s Last Judgment. 7 Richard Steinitz, György Ligeti: Music of the Imagination (Boston: Northeastern University Press, 2003). 8 T.J.


pages: 282 words: 89,266

Content Provider: Selected Short Prose Pieces, 2011–2016 by Stewart Lee

accounting loophole / creative accounting, Boris Johnson, Bullingdon Club, call centre, centre right, David Attenborough, Etonian, gentrification, James Dyson, Jeremy Corbyn, Livingstone, I presume, Mark Zuckerberg, mass immigration, Nelson Mandela, offshore financial centre, plutocrats, pre–internet, Right to Buy, Robert Gordon, Russell Brand, Saturday Night Live, sensible shoes, Socratic dialogue, Stephen Fry, trickle-down economics, wage slave, young professional

Boyle thought he was slyly mocking the government with his millions of dancing NHS nurses, but the assembled dignitaries just stood back and smiled through gritted teeth because they knew they were about to destroy for ever all the regional theatre operations that nurtured this smug liberal hipster, once they’d milked him and all his gullible volunteer friends dry for the grand opening ceremony of their sterile corporate egg-and-spoon festival. 7) James Dyson, who invented a kind of wanker’s Hoover, described the whole idea of teenagers being interested in arts and culture as “going off to study French lesbian poetry”, a dismissal that manages to be racist, sexist, homophobic and anti-intellectual all at once. Good French lesbian poetry renders Dyson’s Hoover irrelevant anyway.

Paddy Power desecrated what is either a religious site, a work of art, or both, in the name of grubby commerce, and then treated anyone who objected as if they were a humourless curmudgeon. “I hope everyone who works for Paddy Power, or thought this was funny, is fucked to death by a giant white horse, the cold-hearted sport morons,” I concluded, lads’-mag style. Then I took aim at James Dyson, whom I called the inventor of “the wanker’s Hoover” for describing teenagers interested in arts and culture as fools “going off to study French lesbian poetry”, and I wrote that I hoped “Dyson’s billionaire penis will be torn off in the suck-pipe of one of his own Hoovers, a fate that would never befall a French lesbian poet”.

Eighty-eight branches of Paddy Power were firebombed during the small hours of 21 December, and the business’s chief executives Patrick Kennedy and Cormac McCarthy both woke to find the severed heads of white horses next to them in their beds; eighty-eight dead white horses, their genitals horribly mutilated, were left on the doorsteps of eighty-eight branches of Debenhams, whose chairman, Nigel Northridge, is also a non-executive director of Paddy Power; James Dyson awoke to find himself bound with the flex of a Dyson cleaner, his home surrounded by dozens of Dysons, somehow modified to broadcast, through the apertures of their distinctive suck-funnels, readings of the works of Renée Vivien and Natalie Barney: “My brunette with the golden eyes, your ivory body, your amber / Has left bright reflections in the room / Above the garden. / The clear midnight sky, under my closed lids, / Still shines … I am drunk from so many roses / Redder than wine.”


Britannia Unchained: Global Lessons for Growth and Prosperity by Kwasi Kwarteng, Priti Patel, Dominic Raab, Chris Skidmore, Elizabeth Truss

Airbnb, banking crisis, Carmen Reinhart, central bank independence, clockwatching, creative destruction, Credit Default Swap, demographic dividend, Edward Glaeser, eurozone crisis, fail fast, fear of failure, financial engineering, glass ceiling, informal economy, James Dyson, Kenneth Rogoff, knowledge economy, long peace, margin call, Mark Zuckerberg, Martin Wolf, megacity, Mexican peso crisis / tequila crisis, Neil Kinnock, new economy, North Sea oil, oil shock, open economy, paypal mafia, pension reform, price stability, profit motive, Ronald Reagan, Sand Hill Road, Silicon Valley, Stanford marshmallow experiment, Steve Jobs, Suez crisis 1956, tech worker, Walter Mischel, wealth creators, Winter of Discontent, working-age population, Yom Kippur War

It can be explained by factors as varied as a particular Yiddish colloquialism, a revolutionary package of free market reforms, a government-sponsored incubator programme and, of course, an IDF medic puzzled by the lack of progress in trauma technology. Every country has its share of star innovators – such as Bernard Bar-Natan or James Dyson – but Israel enjoys more than most. Despite its small size and lack of natural resources, Israel has the highest number of tech start-ups outside of the US and the third highest number of companies listed on the NASDAQ. Israel has the highest amount of venture capital attracted per capita in the world, three times the level in the US, and 30 times the average in Western Europe.

The demise of British heavy industry in areas like the North East has left them economically deprived, but this should not be treated like a death sentence. All of this raises the question, ‘If they can do it, why can’t we?’ After all, there’s no shortage of inspirational examples of British entrepreneurs; James Dyson, Richard Branson and Peter Jones instantly spring to mind. Nor can the UK succumb to the quick and easy temptation of statism – that more government spending is the answer. Corporatism has little to recommend it. The malaise lies deeper than government policy alone can address. Reid Hoffman, founder of LinkedIn and one of the most famous Silicon Valley venture capitalists, argues that there is no reason why you couldn’t replicate the Valley’s success in Europe.


pages: 385 words: 101,761

Creative Intelligence: Harnessing the Power to Create, Connect, and Inspire by Bruce Nussbaum

"World Economic Forum" Davos, 3D printing, Airbnb, Albert Einstein, Berlin Wall, Black Swan, Chuck Templeton: OpenTable:, clean water, collapse of Lehman Brothers, creative destruction, Credit Default Swap, crony capitalism, crowdsourcing, Danny Hillis, declining real wages, demographic dividend, disruptive innovation, Elon Musk, en.wikipedia.org, Eugene Fama: efficient market hypothesis, fail fast, Fall of the Berlin Wall, follow your passion, game design, gamification, gentrification, housing crisis, Hyman Minsky, industrial robot, invisible hand, James Dyson, Jane Jacobs, Jeff Bezos, jimmy wales, John Gruber, John Markoff, Joseph Schumpeter, Kevin Roose, Kickstarter, Larry Ellison, lone genius, longitudinal study, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Martin Wolf, Max Levchin, Minsky moment, new economy, Paul Graham, Peter Thiel, QR code, race to the bottom, reality distortion field, reshoring, Richard Florida, Ronald Reagan, shareholder value, Sheryl Sandberg, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, SimCity, six sigma, Skype, SoftBank, Steve Ballmer, Steve Jobs, Steve Wozniak, supply-chain management, Tesla Model S, The Chicago School, The Design of Experiments, the High Line, The Myth of the Rational Market, thinkpad, TikTok, Tim Cook: Apple, too big to fail, tulip mania, Tyler Cowen, We are the 99%, Y Combinator, young professional, Zipcar

We don’t always know what connections will work best, what synthesis of two ideas will be the most effective. That’s why it’s important to keep an open mind about what your casting may bring back. You may have to relearn the joy of surprise, as it is often in the surprise that we find solutions. When James Dyson went casting about for a new technology for vacuum cleaners unlike the standard bag filters, he found it in sawmills, which traditionally use industrial cyclone fans to suck up the sawdust. That spinning cyclone method of picking up dirt became the heart of his Cyclone brand of vacuum cleaners, a successful cast if ever there was one.

You’re not born with a great ability to connect dots. You learn it. Some of us learn it in school, some at jobs, others in life. It’s not a difficult competence, but it is a deliberate one. The anxiety many of us feel about creativity often stems from a belief that we need to create something from nothing. We don’t. The scientists at ITRI and James Dyson began with something they already had—an area of expertise, a skill, a technology they were hoping to update—and went casting for ideas in both new and familiar places. What these innovators share is an ability to harness the serendipity of life to fashion something wholly original. Mining the Past When I visited him in Toronto in 2011, Bill Buxton had just finished working on a birch bark canoe using traditional Cree Indian instruments.

articleid=870; Robert Berner, “Why P&G’s Smile Is So Bright,” July 31, 2002, BusinessWeek, accessed October 3, 2012, http://www.businessweek.com/smallbiz/content/aug2002/sb2002081_2099.htm. 61 According to the Wall Street Journal: Michael Totty, “Paper Thin Screens with a Twist,” Wall Street Journal, September 26, 2010, accessed September 4, 2012, http://online.wsj.com/article/ SB10001424052748703470904575500342513725972.html. 62 When James Dyson went casting: Patrick Mahoney, MachineDesign.com, August 7, 2008, accessed October 3, 2012, http://ma chinedesign.com/article/industrial-design-design-the-dyson-way-0807. 63 When I visited him in Toronto: Bill Buxton, interviews with the author, March 7, 2011, April 5, 2011, September 15, 2011, May 7, 2012; http://www.billbuxton.com/, accessed October 3, 2012. 65 “I put the black and white: “Van Gogh’s Letters,” WebExhibits, accessed September 4, 2012, http://www.webexhibits.org/ vangogh/letter/20/607.htm; Debora Silverman, Van Gogh and Gauguin: The Search for Sacred Art (New York: Farrar, Straus and Giroux, 2000), 396. 65 Bob Dylan looked to Woody: Caspar Llewellyn Smith, Guardian, June 15, 2011, accessed September 4, 2012, http://www.guardian.co.uk/music/2011/jun/16/bob-dylan-woody-guthrie. 66 When asked in an interview: Cynthia McFadden, interview, ABC News, January 13, 2012, accessed September 4, 2012, http://abcnews.go.com/blogs/entertainment/ 2012/01/madonna-breaks-silence-on-gaga-born- this-way-controversy-2020-exclusive-tonight/. 66 has a replica of the Saturn V: Greg Klerkx, New Scientist, December 12, 2011, accessed at http://www.marssociety.org/home/press/news/ illputmillionsofpeopleonmarssayselonmusk on October 15, 2012. 66 the powerful rocket: http://www.nasa.gov/audience/foreducators/rocketry/home/what-was-the-saturn-v-58.html, accessed October 15, 2012; http://www.time.com/time/specials/ packages/article/0,28804, 1910599_1910769_1910767,00.html, accessed October 18, 2012. 66 BMW bought and revived: http://www.miniusa.com/#/learn/FACTS_ FEATURES_SPECS/history/storyOfMini-m, accessed October 15, 2012; http://www.topspeed.com/cars/mini/1959-2006-the-history-of-mini-ar10921.html, accessed October 15, 2012. 66 It is once again: http://www.motoringfile.com/2012/02/04/ businessweek-mini-wins-big-over-smart/. 67 Paul Polak has spent: Paul Polak and Jacqueline Novogratz, founder of the Acumen Fund, are my two heroes in redesigning models to improve life in what C.


pages: 401 words: 93,256

Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life by Rory Sutherland

"World Economic Forum" Davos, 3D printing, Alfred Russel Wallace, barriers to entry, basic income, behavioural economics, Black Swan, Brexit referendum, butterfly effect, California gold rush, call centre, Captain Sullenberger Hudson, Cass Sunstein, cognitive dissonance, confounding variable, Daniel Kahneman / Amos Tversky, Dava Sobel, delayed gratification, Donald Trump, double helix, Downton Abbey, driverless car, Easter island, Edward Jenner, Elon Musk, Firefox, Ford Model T, General Magic , George Akerlof, gig economy, Google Chrome, Google X / Alphabet X, Grace Hopper, Hyperloop, Ignaz Semmelweis: hand washing, IKEA effect, information asymmetry, it is difficult to get a man to understand something, when his salary depends on his not understanding it, James Dyson, John Harrison: Longitude, loss aversion, low cost airline, Mason jar, Murray Gell-Mann, nudge theory, Peter Thiel, placebo effect, race to the bottom, Richard Feynman, Richard Thaler, Rory Sutherland, shareholder value, Silicon Valley, social intelligence, Steve Jobs, supply-chain management, systems thinking, TED Talk, the map is not the territory, The Market for Lemons, The Wealth of Nations by Adam Smith, ultimatum game, universal basic income, Upton Sinclair, US Airways Flight 1549, Veblen good, work culture

It’s true that logic is usually the best way to succeed in an argument, but if you want to succeed in life it is not necessarily all that useful; entrepreneurs are disproportionately valuable precisely because they are not confined to doing only those things that make sense to a committee. Interestingly, the likes of Steve Jobs, James Dyson, Elon Musk and Peter Thiel often seem certifiably bonkers; Henry Ford famously despised accountants – the Ford Motor Company was never audited while he had control of it. When you demand logic, you pay a hidden price: you destroy magic. And the modern world, oversupplied as it is with economists, technocrats, managers, analysts, spreadsheet-tweakers and algorithm designers, is becoming a more and more difficult place to practise magic – or even to experiment with it.

Zero would be good, as we could keep our existing linen and spend the money on other things. A lot of money was also acceptable, as I could then become excited by thread counts, tog ratings and exotic goose down. By contrast, spending something in between would have given me neither of these two emotional rewards. The success of the brilliant engineer-alchemist James Dyson in selling vacuum cleaners seems to arise from a similar mental disparity. Vacuum cleaners used to be a grudge buy that was only necessary when your old one had broken. Dyson added a degree of excitement to the transaction. Before he invented them, there was no public clamour for ‘really expensive vacuum cleaners that look really cool’, any more than people before Starbucks were begging cafés to sell really expensive coffee.


pages: 279 words: 90,888

The Lost Decade: 2010–2020, and What Lies Ahead for Britain by Polly Toynbee, David Walker

banking crisis, battle of ideas, bike sharing, Boris Johnson, Brexit referendum, Bullingdon Club, call centre, car-free, centre right, collective bargaining, congestion charging, corporate governance, crony capitalism, Crossrail, David Attenborough, Dominic Cummings, Donald Trump, Downton Abbey, energy transition, Etonian, financial engineering, first-past-the-post, G4S, gender pay gap, gig economy, Gini coefficient, global village, green new deal, Greta Thunberg, high net worth, housing crisis, income inequality, industrial robot, Intergovernmental Panel on Climate Change (IPCC), James Dyson, Jeremy Corbyn, Large Hadron Collider, low interest rates, manufacturing employment, mass immigration, moral panic, mortgage debt, North Sea oil, offshore financial centre, opioid epidemic / opioid crisis, payday loans, pension reform, Phoebe Waller-Bridge, quantitative easing, Right to Buy, Saturday Night Live, selection bias, smart meter, Uber for X, ultra-processed food, urban renewal, working-age population

Toryism Triumphant The 2010s demonstrated the extraordinary staying power of the Tory party: battered, fractured, its leaders vainglorious and downright incompetent in varying measure, its ideological commitments rejected in poll after poll, yet its core support was sufficient to keep a grip on power, abetted as always by the media barons, money men and the individualist inertia that kept so many on the right side of the road, time and again. The money men performed indifferently. For all their rhetoric, Tory ministers presided over an economy that did not grow much; entrepreneurs did not miraculously step up and innovate, whatever the would-be titans of free enterprise such as James Dyson kept promising. Tory rebels showed the party at once fissuring and solid. Yes, Johnson expelled Brexit refuseniks. But consider Dan Poulter, a doctor who, after meeting Cameron in 2006, was persuaded to enter politics and became a minister in 2010. He later resigned, having woken up to ‘chronic underfunding of mental health and social care services, a shortage of social and appropriate sheltered housing, together with a benefits system that does not always adequately recognise the needs of people with severe and enduring mental illness’.

He voted leave, influenced by his son, who thought ending production subsidies – 55 per cent of UK farm income came from the Common Agricultural Policy – would see agricultural land prices fall, allowing younger people to get into farming. But again, it was a complicated story: the steep rise in the price of farmland had been driven by rich investors, attracted by the fact that farmland was inheritance-tax exempt. Among them was arch-Brexiter James Dyson, who was reported by Farmers Weekly to own 33,000 acres, more than the Queen. This most conservative of innovators squealed at the prospect of losing his own farming subsidy from the EU. The leave campaign promised cheaper food, neglecting to add that that had to mean less income for farmers. Anxious, Gove promised that the UK would maintain all the farmers’ subsidies post-Brexit, at least until 2022.


pages: 94 words: 26,453

The End of Nice: How to Be Human in a World Run by Robots (Kindle Single) by Richard Newton

3D printing, Abraham Maslow, adjacent possible, Black Swan, British Empire, Buckminster Fuller, Clayton Christensen, crowdsourcing, deliberate practice, digital divide, disruptive innovation, fail fast, fear of failure, Filter Bubble, future of work, Google Glasses, growth hacking, Isaac Newton, James Dyson, Jaron Lanier, Jeff Bezos, job automation, lateral thinking, Lean Startup, lolcat, low skilled workers, Mark Zuckerberg, move fast and break things, Paul Erdős, Paul Graham, reality distortion field, recommendation engine, rising living standards, Robert Shiller, Silicon Valley, Silicon Valley startup, skunkworks, social intelligence, Steve Ballmer, Steve Jobs, Tyler Cowen, Y Combinator

In contrast, pursuing a field where the success rates were low – such as being an artist or setting up a business – simply didn’t seem a good idea to well adjusted people. Those who chose that route were the exceptions. They were the misfits who embraced the risk of failure because they were driven. For the fortunate this lit the path to great success. Listen to these words from the entrepreneurial inventor, James Dyson. It sounds deliberately provocative, if you haven’t understood the creative potential of fearless discovery. Do your ideas ever fail?, he was asked in Wired magazine. “Absolutely,” he replied. “It’s when something fails that you learn. If it doesn’t fail, you don’t learn anything. You haven’t made any progress.


pages: 568 words: 164,014

Dawn of the Code War: America's Battle Against Russia, China, and the Rising Global Cyber Threat by John P. Carlin, Garrett M. Graff

1960s counterculture, A Declaration of the Independence of Cyberspace, Aaron Swartz, air gap, Andy Carvin, Apple II, Bay Area Rapid Transit, bitcoin, Brian Krebs, business climate, cloud computing, cotton gin, cryptocurrency, data acquisition, Deng Xiaoping, disinformation, driverless car, drone strike, dual-use technology, eat what you kill, Edward Snowden, fake news, false flag, Francis Fukuyama: the end of history, Hacker Ethic, information security, Internet of things, James Dyson, Jeff Bezos, John Gilmore, John Markoff, John Perry Barlow, Ken Thompson, Kevin Roose, Laura Poitras, Mark Zuckerberg, Menlo Park, millennium bug, Minecraft, Mitch Kapor, moral hazard, Morris worm, multilevel marketing, Network effects, new economy, Oklahoma City bombing, out of africa, packet switching, peer-to-peer, peer-to-peer model, performance metric, RAND corporation, ransomware, Reflections on Trusting Trust, Richard Stallman, Robert Metcalfe, Ronald Reagan, Saturday Night Live, self-driving car, shareholder value, side project, Silicon Valley, Silicon Valley startup, Skype, Snapchat, South China Sea, Steve Crocker, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Stuxnet, The Hackers Conference, Tim Cook: Apple, trickle-down economics, Wargames Reagan, Whole Earth Catalog, Whole Earth Review, WikiLeaks, Y2K, zero day, zero-sum game

Economic Secrets in Cyberspace: Report to Congress on Foreign Economic Collection and Industrial Espionage, 2009–2011, Office of the Director of National Intelligence, October 2011, www.dni.gov/files/documents/Newsroom/Reports%20and%20Pubs/20111103_report_fecie.pdf. 6. Nick Collins, “Sir James Dyson Attacks China over Designs ‘Theft’,” Telegraph, December 6, 2011, www.telegraph.co.uk/finance/yourbusiness/8936685/Sir-James-Dyson-attacks-China-over-designs-theft.html; and James Hurley, “Ask China to Tackle Copycats, Dyson Tells PM,” Telegraph, June 25, 2011, www.telegraph.co.uk/finance/8597773/Ask-China-to-tackle-copycats-Dyson-tells-PM.html. 7. Yudhijit Bhattacharjee, “How the FBI Cracked a Chinese Spy Ring,” New Yorker, May 12, 2014, www.newyorker.com/news/news-desk/how-the-f-b-i-cracked-a-chinese-spy-ring. 8.

As one US intelligence report concluded, “Chinese leaders consider the first two decades of the 21st century to be a window of strategic opportunity for their country to focus on economic growth, independent innovation, scientific and technical advancement, and growth of the renewable energy sector.”5 The fastest way to accomplish those goals wasn’t to innovate at home—it was to steal our more advanced technology. It was an effort so widespread that they were even literally stealing vacuum cleaners. James Dyson, the inventor of the eponymous bagless vacuum cleaner, complained to the UK government that he’d spent millions of pounds combatting Chinese trade thefts—and still suffered losses to IP theft of as much as £40 million. He’d even hired private detectives who had seen his appliances being dissected and reverse-engineered inside Chinese factories.


User Friendly by Cliff Kuang, Robert Fabricant

A Pattern Language, Abraham Maslow, Airbnb, anti-communist, Any sufficiently advanced technology is indistinguishable from magic, Apple II, augmented reality, autonomous vehicles, behavioural economics, Bill Atkinson, Brexit referendum, Buckminster Fuller, Burning Man, business logic, call centre, Cambridge Analytica, Chuck Templeton: OpenTable:, cognitive load, computer age, Daniel Kahneman / Amos Tversky, dark pattern, data science, Donald Trump, Douglas Engelbart, Douglas Engelbart, driverless car, Elaine Herzberg, en.wikipedia.org, fake it until you make it, fake news, Ford Model T, Frederick Winslow Taylor, frictionless, Google Glasses, Internet of things, invisible hand, James Dyson, John Markoff, Jony Ive, knowledge economy, Kodak vs Instagram, Lyft, M-Pesa, Mark Zuckerberg, mobile money, Mother of all demos, move fast and break things, Norbert Wiener, Paradox of Choice, planned obsolescence, QWERTY keyboard, randomized controlled trial, replication crisis, RFID, scientific management, self-driving car, seminal paper, Silicon Valley, skeuomorphism, Skinner box, Skype, smart cities, Snapchat, speech recognition, Steve Jobs, Steve Wozniak, tacit knowledge, Tesla Model S, three-martini lunch, Tony Fadell, Uber and Lyft, Uber for X, uber lyft, Vannevar Bush, women in the workforce

But when those references gel in just the right way, a product can become iconic, able to represent not only its own histories but others. When you look at a Dyson vacuum cleaner, you see the jutting outlines of the motors and assemblies within. But you’re also looking at a “postmodern” design philosophy, which was roiling the architecture profession when James Dyson was having his first successes in the 1980s. The idea was for objects not to hide away their inner workings behind a clean facade, as they did in the heyday of modernism, but to display them. The philosophy reached its apotheosis in the Centre Pompidou in Paris, designed by Richard Rogers and Renzo Piano, the facade of which is crisscrossed with HVAC piping and an escalator tube.

Her research, with its emphasis on understanding the nuanced, everyday context in which people experienced product design, would become a pillar of IDEO’s design practice and the design industry at large. 1982: GRID COMPASS LAPTOP COMPUTER, Bill Moggridge Not only the first laptop computer, but the first to bear a clamshell case with a screen that could be readily adjusted for any sitting position, the Grid Compass presaged a world of portable, convenient, and user-friendly high technology. Moggridge went on to help found IDEO and coin the term “interaction design” to refer to the myriad ways users engage with technology. 1984: CYCLONIC VACUUM CLEANER (PROTOTYPE), James Dyson On his way to creating the first cyclonic vacuum cleaner, Dyson produced more than five thousand prototypes. Inspired by industrial methods for filtering dirt, the prototype couldn’t clog and didn’t need a dust bag. Dyson’s first production design, the DA001, was finally released in 1993, and bore a crucial improvement: a clear plastic dust bin, which showed users just how much dust they’d removed, creating a feedback loop that made people want to use the product more. 1984: MACINTOSH COMPUTER, Steve Jobs Apple’s first masterpiece worked on many levels, making new technology palatable and desirable in ways it had never been before.


pages: 459 words: 138,689

Slowdown: The End of the Great Acceleration―and Why It’s Good for the Planet, the Economy, and Our Lives by Danny Dorling, Kirsten McClure

"World Economic Forum" Davos, Affordable Care Act / Obamacare, Anthropocene, Berlin Wall, Bernie Sanders, Boeing 747, Boris Johnson, British Empire, business cycle, capital controls, carbon tax, clean water, creative destruction, credit crunch, Donald Trump, drone strike, Elon Musk, en.wikipedia.org, Extinction Rebellion, fake news, Flynn Effect, Ford Model T, full employment, future of work, gender pay gap, global supply chain, Google Glasses, Great Leap Forward, Greta Thunberg, Henri Poincaré, illegal immigration, immigration reform, income inequality, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Isaac Newton, It's morning again in America, James Dyson, Jeremy Corbyn, jimmy wales, John Harrison: Longitude, Kickstarter, low earth orbit, Mark Zuckerberg, market clearing, Martin Wolf, mass immigration, means of production, megacity, meta-analysis, military-industrial complex, mortgage debt, negative emissions, nuclear winter, ocean acidification, Overton Window, pattern recognition, Ponzi scheme, price stability, profit maximization, purchasing power parity, QWERTY keyboard, random walk, rent control, rising living standards, Robert Gordon, Robert Shiller, Ronald Reagan, School Strike for Climate, Scramble for Africa, sexual politics, Skype, Stephen Hawking, Steven Pinker, structural adjustment programs, Suez crisis 1956, the built environment, Tim Cook: Apple, time dilation, transatlantic slave trade, trickle-down economics, very high income, wealth creators, wikimedia commons, working poor

No one today suggests inventing a new kind of shower without running water, or some sort of completely new toilet bowl (although a few people do suggest a return to squatting while defecating because it might be healthier). In fact, technological progress is now so slow that a minor adaptation to a common household appliance can be heralded as a great advance, as happened in 2007 when James Dyson was knighted for inventing a bagless vacuum cleaner. Back in 1901, several people in the United States and the United Kingdom invented slightly different versions of the original vacuum cleaner, but none was knighted for it, or otherwise lauded, because back then such progress was so rapid that before you knew it, there was another invention.20 Today we have to search very hard to find examples of innovation.

In the United States people are offered innovations such as Mark Zuckerberg’s “Facebook credits,” invented in 2009 and defunct by 2013, and Elon Musk’s SpaceX’s promise of an inaugural private passenger trip around the moon and back on a “Big Falcon Rocket” in 2023. The responses of many are “Why?” and “Really?” In the United Kingdom, we are forced to celebrate Sir James Dyson’s hand dryer and Sir Richard Branson’s tilting trains, even though he and his Virgin company did not invent them: businesses invent brands now, not completely new machines. For the foreseeable future, no great new economic step forward is being taken—China is very slowly catching up on a declining United States, but it will be many decades before the two countries’ per capita GDP is similar.


pages: 166 words: 49,639

Start It Up: Why Running Your Own Business Is Easier Than You Think by Luke Johnson

Albert Einstein, barriers to entry, Bear Stearns, Bernie Madoff, business cycle, collapse of Lehman Brothers, compensation consultant, Cornelius Vanderbilt, corporate governance, corporate social responsibility, creative destruction, credit crunch, false flag, financial engineering, Ford Model T, Grace Hopper, happiness index / gross national happiness, high net worth, James Dyson, Jarndyce and Jarndyce, Jarndyce and Jarndyce, Kickstarter, mass immigration, mittelstand, Network effects, North Sea oil, Northern Rock, patent troll, plutocrats, Ponzi scheme, profit motive, Ralph Waldo Emerson, Silicon Valley, software patent, stealth mode startup, Steve Jobs, Steve Wozniak, The Wealth of Nations by Adam Smith, traveling salesman, tulip mania, Vilfredo Pareto, wealth creators

He showed it to the Ford Motor Company in 1969, but subsequently entered into interminable litigation with it, almost reminiscent of Jarndyce and Jarndyce in Charles Dickens’s Bleak House. More than twenty years later, he settled for $10.2 million, but only after legal action had taken over his life. Unfortunately, patent infringement is a fact of life for inventors. Sir James Dyson, inventor of the bagless vacuum cleaner, talks in his autobiography Against The Odds (Orion, 1997) about various lawsuits against both Hoover and Amway. Knowledge of patent law and persistence bordering on the obsessive seem useful attributes if you want to be a successful inventor. The subject of intellectual property and its protection is a contentious one.


pages: 543 words: 147,357

Them And Us: Politics, Greed And Inequality - Why We Need A Fair Society by Will Hutton

Abraham Maslow, Alan Greenspan, Andrei Shleifer, asset-backed security, bank run, banking crisis, Bear Stearns, behavioural economics, Benoit Mandelbrot, Berlin Wall, Bernie Madoff, Big bang: deregulation of the City of London, Blythe Masters, Boris Johnson, bread and circuses, Bretton Woods, business cycle, capital controls, carbon footprint, Carmen Reinhart, Cass Sunstein, centre right, choice architecture, cloud computing, collective bargaining, conceptual framework, Corn Laws, Cornelius Vanderbilt, corporate governance, creative destruction, credit crunch, Credit Default Swap, debt deflation, decarbonisation, Deng Xiaoping, discovery of DNA, discovery of the americas, discrete time, disinformation, diversification, double helix, Edward Glaeser, financial deregulation, financial engineering, financial innovation, financial intermediation, first-past-the-post, floating exchange rates, Francis Fukuyama: the end of history, Frank Levy and Richard Murnane: The New Division of Labor, full employment, general purpose technology, George Akerlof, Gini coefficient, Glass-Steagall Act, global supply chain, Growth in a Time of Debt, Hyman Minsky, I think there is a world market for maybe five computers, income inequality, inflation targeting, interest rate swap, invisible hand, Isaac Newton, James Dyson, James Watt: steam engine, Japanese asset price bubble, joint-stock company, Joseph Schumpeter, Kenneth Rogoff, knowledge economy, knowledge worker, labour market flexibility, language acquisition, Large Hadron Collider, liberal capitalism, light touch regulation, Long Term Capital Management, long term incentive plan, Louis Pasteur, low cost airline, low interest rates, low-wage service sector, mandelbrot fractal, margin call, market fundamentalism, Martin Wolf, mass immigration, means of production, meritocracy, Mikhail Gorbachev, millennium bug, Money creation, money market fund, moral hazard, moral panic, mortgage debt, Myron Scholes, Neil Kinnock, new economy, Northern Rock, offshore financial centre, open economy, plutocrats, power law, price discrimination, private sector deleveraging, proprietary trading, purchasing power parity, quantitative easing, race to the bottom, railway mania, random walk, rent-seeking, reserve currency, Richard Thaler, Right to Buy, rising living standards, Robert Shiller, Ronald Reagan, Rory Sutherland, Satyajit Das, Savings and loan crisis, shareholder value, short selling, Silicon Valley, Skype, South Sea Bubble, Steve Jobs, systems thinking, tail risk, The Market for Lemons, the market place, The Myth of the Rational Market, the payments system, the scientific method, The Wealth of Nations by Adam Smith, three-masted sailing ship, too big to fail, unpaid internship, value at risk, Vilfredo Pareto, Washington Consensus, wealth creators, work culture , working poor, world market for maybe five computers, zero-sum game, éminence grise

Our collective wealth stems from the innovations of productive entrepreneurs, so we have to encourage them. We must keep the rewards that accrue from unproductive entrepreneurship low, and the status and rewards from productive entrepreneurship high, so that capitalism has a chance of delivering. The country wants and needs people like James Dyson, the inventor of the bagless vacuum cleaner, and Stelios Haji-Ioannous, the founder of EasyJet. It does not need too many private-equity firms like Guy Hands’ Terra Firma, which try to make tens of millions from re-engineering once-great companies like EMI, or the likes of Philip Green, who use financial leverage and exploit gaps in the tax system to make their fortunes.

Just as the trade unions’ capture of the state ended in the breakdown of social democracy and the evident bankruptcy of the institutions and policies it generated – from incomes policies to corporatist efforts to stimulate productive entrepreneurship – so the City’s capture of the state has ended in the current calamity. It has created a world of too many Philip Greens and too few James Dysons. The short-term structure of bank lending, the unwillingness to finance innovation, the creation of an ‘asset management’ industry that is more interested in buying and selling companies than exercising ownership responsibilities, excessive takeovers, sky-high fees and commissions and the sheer size of the City – attracting capital inflows that buoy up sterling – comprise a formidable anti-investment and anti-innovation structure.


pages: 497 words: 150,205

European Spring: Why Our Economies and Politics Are in a Mess - and How to Put Them Right by Philippe Legrain

3D printing, Airbnb, Alan Greenspan, Asian financial crisis, bank run, banking crisis, barriers to entry, Basel III, battle of ideas, Berlin Wall, Big bang: deregulation of the City of London, book value, Boris Johnson, Bretton Woods, BRICs, British Empire, business cycle, business process, capital controls, Capital in the Twenty-First Century by Thomas Piketty, carbon tax, Carmen Reinhart, Celtic Tiger, central bank independence, centre right, clean tech, collaborative consumption, collapse of Lehman Brothers, collective bargaining, corporate governance, creative destruction, credit crunch, Credit Default Swap, crony capitalism, Crossrail, currency manipulation / currency intervention, currency peg, debt deflation, Diane Coyle, disruptive innovation, Downton Abbey, Edward Glaeser, Elon Musk, en.wikipedia.org, energy transition, eurozone crisis, fear of failure, financial deregulation, financial engineering, first-past-the-post, Ford Model T, forward guidance, full employment, Gini coefficient, global supply chain, Great Leap Forward, Growth in a Time of Debt, high-speed rail, hiring and firing, hydraulic fracturing, Hyman Minsky, Hyperloop, immigration reform, income inequality, interest rate derivative, Intergovernmental Panel on Climate Change (IPCC), Irish property bubble, James Dyson, Jane Jacobs, job satisfaction, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, labour market flexibility, labour mobility, land bank, liquidity trap, low interest rates, margin call, Martin Wolf, mittelstand, moral hazard, mortgage debt, mortgage tax deduction, North Sea oil, Northern Rock, offshore financial centre, oil shale / tar sands, oil shock, open economy, peer-to-peer rental, price stability, private sector deleveraging, pushing on a string, quantitative easing, Richard Florida, rising living standards, risk-adjusted returns, Robert Gordon, savings glut, school vouchers, self-driving car, sharing economy, Silicon Valley, Silicon Valley startup, Skype, smart grid, smart meter, software patent, sovereign wealth fund, Steve Jobs, The Death and Life of Great American Cities, The Wealth of Nations by Adam Smith, too big to fail, total factor productivity, Tyler Cowen, Tyler Cowen: Great Stagnation, working-age population, Zipcar

If some scrape by in penury while others live in luxury, such indecency fragments society, preventing the interchange of ideas from which innovation springs. A dynamic economy will inevitably create huge disparities of wealth. Those who seize business opportunities and develop new technologies that create value for the rest of society ought to be rewarded for it. Few would begrudge James Dyson, a British inventor whose eponymous bagless vacuum cleaners have cleaned up, his fortune. Xavier Niel, the founder of Free, has done France a huge service by freeing up internet provision there. Anyone who has shopped at Ikea can thank Sweden’s Ingvar Kamprad. But alongside Europe’s deserving billionaires are many undeserving ones.

And as Thomas Piketty of the Paris School of Economics has pointed out, as growth slows and with it the creation of new wealth, old (inherited) fortunes weigh more heavily than before.723 A decent society should want to encourage effort and enterprise – by everyone, not just those who end up billionaires – without rewarding undeserved or unearned income. Battles between right and left about how high tax rates should be generally fail to make this distinction: those who want to cut taxes point to people like James Dyson, those who want to raise them point to Fred Goodwin. But while no economic system can perfectly distinguish between deserved income and wealth and the undeserved variety, societies could still do much better. The starting point is to tackle problems at their source, since undeserved income is generally a symptom of an underlying problem that also has wider costs.


pages: 204 words: 66,619

Think Like an Engineer: Use Systematic Thinking to Solve Everyday Challenges & Unlock the Inherent Values in Them by Mushtak Al-Atabi

3D printing, agricultural Revolution, Albert Einstein, Barry Marshall: ulcers, Black Swan, Blue Ocean Strategy, business climate, call centre, Clayton Christensen, clean water, cognitive bias, corporate social responsibility, dematerialisation, disruptive innovation, Elon Musk, follow your passion, global supply chain, Great Leap Forward, happiness index / gross national happiness, invention of the wheel, iterative process, James Dyson, Kickstarter, knowledge economy, Lao Tzu, Lean Startup, mirror neurons, On the Revolutions of the Heavenly Spheres, remote working, shareholder value, six sigma, Steve Jobs, Steven Pinker, systems thinking

It also aspires to embrace the evolutionary nature of the creative process while providing the systematic scaffolding that ensures eventual convergence on the suitable solution. Chapter 1 Engineering “Manufacturing is more than just putting parts together. It's coming up with ideas, testing principles and perfecting the engineering, as well as final assembly.” Sir James Dyson, Founder of Dyson Company “The path to the CEO's office should not be through the CFO's office, and it should not be through the marketing department. It needs to be through engineering and design.” Elon Musk, CEO & CTO of Tesla CEO & Chief Product Architect of Tesla Motors Engineering is old; as old as human civilisation itself.


pages: 229 words: 68,426

Everyware: The Dawning Age of Ubiquitous Computing by Adam Greenfield

"Hurricane Katrina" Superdome, augmented reality, business process, Charles Babbage, defense in depth, demand response, demographic transition, facts on the ground, game design, Howard Rheingold, Internet of things, James Dyson, knowledge worker, late capitalism, machine readable, Marshall McLuhan, new economy, Norbert Wiener, packet switching, pattern recognition, profit motive, QR code, recommendation engine, RFID, seminal paper, Steve Jobs, technoutopianism, the built environment, the scientific method, value engineering

For a variety of reasons, from the advantages that ostensibly accrue to first movers to the constraints imposed by venture capitalists, shareholders, and other bottom-liners, GOOD is rarely among the options pursued. Given the inherent pressures of the situation, it often takes an unusually dedicated, persistent, and powerful advocate—Steve Jobs comes to mind, as does vacuum-cleaner entrepreneur James Dyson—to see a high-quality design project through to completion with everything that makes it excellent intact. Moreover, the more complex the product or service at hand, the more likely it will be to have a misguided process of "value engineering" applied at some point between inception and delivery.


The Little Black Book of Decision Making by Michael Nicholas

Abraham Maslow, Airbnb, Albert Einstein, Apollo 13, call centre, classic study, clockwork universe, cognitive dissonance, Daniel Kahneman / Amos Tversky, Donald Trump, Frederick Winslow Taylor, hindsight bias, impulse control, James Dyson, late fees, Mahatma Gandhi, Nelson Mandela, Ralph Waldo Emerson, Richard Feynman, Richard Feynman: Challenger O-ring, scientific management, selection bias, Stephen Hawking

It is said that Edison built 10,000 prototypes in his effort to develop a commercially viable light bulb; however, note that in his mind, he never failed, he simply “succeeded in proving that those 10,000 ways will not work”. This tenaciousness is a major factor in practically all significant advances, but there was another element at work with Edison that the rat does not display, and it is much less widely recognised: the creativity that is necessary to come up with 10,000 possibilities. James Dyson demonstrated the same quality in creating over 5,000 prototypes as he sought to bring his bag-less vacuum cleaner concept to fruition. In today's complex world the opportunity for disruption through innovation has never been greater. Shortly before I set out to write this section, there was an idea that was widely shared on the internet which powerfully highlights this point: Uber, the world's largest taxi company, owns no vehicles.


pages: 194 words: 63,798

The Milky Way: An Autobiography of Our Galaxy by Moiya McTier

affirmative action, Albert Einstein, Arthur Eddington, Burning Man, Cepheid variable, cosmic microwave background, cosmological constant, dark matter, Eddington experiment, Edward Charles Pickering, Ernest Rutherford, Harlow Shapley and Heber Curtis, Harvard Computers: women astronomers, heat death of the universe, Henri Poincaré, Higgs boson, Isaac Newton, James Dyson, James Webb Space Telescope, Karl Jansky, Kickstarter, Large Hadron Collider, Magellanic Cloud, overview effect, Pluto: dwarf planet, polynesian navigation, Search for Extraterrestrial Intelligence, Stephen Hawking, the scientific method

They wrote about it in journals, and images of her feeding him have appeared in museums. 7In case you were curious, the man who coined the term “parsec” is NOT the same Dyson who came up with the idea of the Dyson sphere, an artificial object built to capture maximum solar energy. That would be Freeman Dyson. Nor is he the same as James Dyson, who invented some nice vacuum cleaners. 8My grad school advisor and another member of our research group published the first reliable discovery of an “exomoon,” a moon orbiting a planet outside of our solar system! The Hubble Space Telescope’s observation schedule is public information, but Alex and David (the authors of the paper) didn’t realize that.


pages: 228 words: 66,975

Will It Make the Boat Go Faster?: Olympic-Winning Strategies for Everyday Success by Ben Hunt-Davis, Harriet Beveridge

call centre, James Dyson, Kickstarter

Remember a couple of decades ago most of us were using vacuum cleaners with bags quite happily? We might have grumbled a bit about emptying the bag (and when my teenage brother vacuumed up a burning coal Mum grumbled quite a lot about emptying a flaming bag), but it was good enough wasn’t it?.. Not for a West Country upstart called James Dyson, who had faith that there just had to be a better way and invented the bag-less vacuum that maintained its quality of suction. For decades plane operators gave us seat numbers and meals on trays and charged us a fortune until Stelios Haji-Ioannou believed there had to be a better way and created Easyjet.


pages: 273 words: 21,102

Branding Your Business: Promoting Your Business, Attracting Customers and Standing Out in the Market Place by James Hammond

Abraham Maslow, Albert Einstein, call centre, Donald Trump, intangible asset, James Dyson, Jeff Bezos, low interest rates, market design, Nelson Mandela, Pepsi Challenge, Ralph Waldo Emerson, Steve Jobs, the market place

What have you done in your life that’s worth telling others about? Many small business operators fail to acknowledge that even by starting their own companies they have achieved what for many is just a dream. Bill Gates, considered the world’s richest man, began his business in his garage, as did Jeff Bezos, the founder of Amazon.com. It took Sir James Dyson, another wealthy entrepreneur, 10 years and countless rejections from major manufacturers before he was able to launch his world-renowned cyclonic vacuum cleaners. The achievements of many business icons of this calibre have created great stories for the media, and most have gone on to feature in autobiographies, giving their brands even more ‘personal power’ (as well as extra revenue from book sales and royalties).


pages: 280 words: 76,638

Rebel Ideas: The Power of Diverse Thinking by Matthew Syed

adjacent possible, agricultural Revolution, Alfred Russel Wallace, algorithmic bias, behavioural economics, Bletchley Park, Boeing 747, call centre, Cass Sunstein, classic study, cognitive load, computer age, crowdsourcing, cuban missile crisis, deep learning, delayed gratification, drone strike, Elon Musk, Erik Brynjolfsson, Fairchild Semiconductor, fake news, Ferguson, Missouri, Filter Bubble, Firefox, invention of writing, James Dyson, Jeff Bezos, knowledge economy, lateral thinking, market bubble, mass immigration, microbiome, Mitch Kapor, persistent metabolic adaptation, Peter Thiel, post-truth, Richard Thaler, Ronald Reagan, Second Machine Age, self-driving car, seminal paper, Silicon Valley, social intelligence, Steve Jobs, Steve Wozniak, Stuart Kauffman, tech worker, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, traveling salesman, vertical integration

Why do some people embrace change while others fear it? Why do some master the art of reinvention, while others seem stuck with the status quo? Experts on innovation often distinguish between two different kinds. On the one hand, there are the directed, predictable steps that take one deeper into a given problem or specialism. Think of James Dyson patiently tweaking the design of his vacuum cleaner, learning more about the separation of dust from air as he adjusted the dimensions of his famous cyclone. With each new prototype, he learned ever more about separation efficiency. With each new step, he gained deeper knowledge of this small segment of science.


The Trauma Chronicles by Westaby, Stephen

Albert Einstein, British Empire, coronavirus, COVID-19, Donald Trump, James Dyson, lockdown, Nelson Mandela, social distancing, Stephen Hawking

Instead of ordering more regulatory approved breathing machines, the Health Secretary elected to spend £50 million with diverse engineering companies to develop the most basic models that could be rolled out quickly. These were delivered into the hands of untrained staff given just a couple of days instruction. According to the regulator, at least twelve ventilators produced with urgency were simply too risky to use. Having negotiated personally with the Prime Minister, Sir James Dyson wasted £20 million in his efforts. Incidentally, when we sought his help to improve battery technology for our British artificial heart we were simply ignored. Sure enough the knee jerk approach to sick patients was soon contributing to the UK’s poor survival rates. The Covid-19 Hospitalisation in England Surveillance System actually showed the intensive care unit of admission to be a risk factor for death equally as strong as older age, pre-existing heart disease, and the presence of pre-existing immunosuppression.


pages: 864 words: 222,565

Inventor of the Future: The Visionary Life of Buckminster Fuller by Alec Nevala-Lee

Adam Neumann (WeWork), Airbnb, Albert Einstein, Alvin Toffler, American energy revolution, Apple II, basic income, Biosphere 2, blockchain, British Empire, Buckminster Fuller, Burning Man, Charles Lindbergh, cloud computing, Columbine, complexity theory, Computer Lib, coronavirus, cotton gin, COVID-19, cryptocurrency, declining real wages, digital nomad, double helix, Douglas Engelbart, Douglas Engelbart, East Village, Electric Kool-Aid Acid Test, Elon Musk, Evgeny Morozov, Frank Gehry, gentrification, gig economy, global village, Golden Gate Park, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, hydraulic fracturing, index card, information retrieval, James Dyson, Jane Jacobs, Jaron Lanier, Jeff Bezos, John Markoff, Kitchen Debate, Lao Tzu, lateral thinking, Lean Startup, Lewis Mumford, Mark Zuckerberg, Marshall McLuhan, megastructure, Menlo Park, minimum viable product, Mother of all demos, Neil Armstrong, New Journalism, Norbert Wiener, Norman Mailer, Own Your Own Home, Paul Graham, public intellectual, Ralph Waldo Emerson, reality distortion field, remote working, Ronald Reagan, side project, Silicon Valley, Steve Jobs, Steve Wozniak, Steven Levy, Stewart Brand, Ted Nelson, the built environment, The Death and Life of Great American Cities, the medium is the message, Thomas Malthus, universal basic income, urban planning, urban renewal, We are as Gods, WeWork, Whole Earth Catalog, WikiLeaks

Gehry paid an indirect homage to Fuller in his Dancing House in Prague, which he designed with Vlado Milunić: its roof was crowned with a twisted metal hemisphere, nicknamed Medusa, that resembled a dome caught halfway through an explosion, and it was lifted into place by a helicopter. Fuller’s fans in the design community included James Dyson, Yves Béhar, Roman Mars, and especially Olafur Eliasson, whose work unfolded at the intersection between art and science. For one project, Eliasson worked with Einar Thorsteinn, an Icelandic architect who had known Fuller well, to install two domes outside Copenhagen. At his studio in Berlin, he explored themes derived from Fuller, whom he saw as a model for a civilization that was confronting a series of crises: “He was organizing his present based on what he believed was the future.”

“Fuller did everything wrong”: Thom Mayne, ArtForum, November 2008, https://www.artforum.com/print/200809/thom-mayne-41980 (accessed January 2021). “He will put the data”: RBF, Education Automation, 85. Medusa: Frank Gehry, Gehry Talks: Architecture + Process, ed. Mildred Friedman (New York: Rizzoli, 1999), 214–15. James Dyson: “My History Hero: Buckminster Fuller (1895–1983),” July 6, 2012, https://www.historyextra.com/period/20th-century/my-history-hero-buckminster-fuller-1895–1983 (accessed May 2021). Yves Béhar: Yves Béhar interview, “Buckminster Fuller: Utopia Rising,” https://www.nowness.com/story/buckminster-fuller-utopia-rising (accessed February 2021).


pages: 606 words: 87,358

The Great Convergence: Information Technology and the New Globalization by Richard Baldwin

"World Economic Forum" Davos, 3D printing, additive manufacturing, Admiral Zheng, agricultural Revolution, air freight, Amazon Mechanical Turk, Berlin Wall, bilateral investment treaty, Branko Milanovic, buy low sell high, call centre, Columbian Exchange, commoditize, commodity super cycle, David Ricardo: comparative advantage, deindustrialization, domestication of the camel, Edward Glaeser, endogenous growth, Erik Brynjolfsson, export processing zone, financial intermediation, George Gilder, global supply chain, global value chain, Henri Poincaré, imperial preference, industrial cluster, industrial robot, intangible asset, invention of agriculture, invention of the telegraph, investor state dispute settlement, Isaac Newton, Islamic Golden Age, James Dyson, Kickstarter, knowledge economy, knowledge worker, Lao Tzu, low skilled workers, market fragmentation, mass immigration, Metcalfe’s law, New Economic Geography, out of africa, paper trading, Paul Samuelson, Pax Mongolica, profit motive, rent-seeking, reshoring, Richard Florida, rising living standards, Robert Metcalfe, Robert Solow, Second Machine Age, Simon Kuznets, Skype, Snapchat, Stephen Hawking, tacit knowledge, telepresence, telerobotics, The Wealth of Nations by Adam Smith, trade liberalization, trade route, Washington Consensus

In a Daily Mail story covering the move, trade union official Roger Lyons said: “Dyson has betrayed the 800 people whose jobs are being shipped out and hundreds more jobs from supply chain companies. He has betrayed British manufacturing and British consumers who have put him and his product where it is today.” Founder and owner James Dyson defended the move as saving jobs. In a Guardian interview, he said: We are a much more flourishing company now because of what we did and it’s doubtful if we could have survived in the long term if we had not done so.… We employ 1,300 at Malmesbury [the U.K. site]—engineers, scientists, and people running the business.


Norman Foster: A Life in Architecture by Deyan Sudjic

air gap, Alan Greenspan, Boeing 747, Buckminster Fuller, carbon footprint, credit crunch, cuban missile crisis, Frank Gehry, gentrification, Great Leap Forward, interchangeable parts, James Dyson, Jane Jacobs, low cost airline, Masdar, megacity, megastructure, Murano, Venice glass, Norman Mailer, Pearl River Delta, Peter Eisenman, sustainable-tourism, The Death and Life of Great American Cities, three-masted sailing ship, University of East Anglia, urban decay, urban renewal, white flight, young professional

Studying those carefully rendered images that sliced away the layers of the fuselage to show the underlying geodesic structure of a Wellington bomber, designed to be tough enough to survive a direct hit in the air, or that laid bare the construction techniques used to build the Forth Railway Bridge, it’s easy to see why they would have ignited a spark of curiosity in the mind of a young James Dyson or a Norman Foster about the way the world worked. Years later, Foster tracked down John Batchelor, the artist responsible for some of the later cutaways, and asked him to make a drawing to analyse the vivid yellow steel masts that he had designed to support the roof of the Renault parts warehouse that he built outside Swindon.


pages: 308 words: 99,298

Brexit, No Exit: Why in the End Britain Won't Leave Europe by Denis MacShane

"World Economic Forum" Davos, 3D printing, Alan Greenspan, Alvin Toffler, banking crisis, battle of ideas, Big bang: deregulation of the City of London, Boris Johnson, Bretton Woods, Brexit referendum, British Empire, centre right, Corn Laws, deindustrialization, Doha Development Round, Donald Trump, Etonian, European colonialism, fake news, financial engineering, first-past-the-post, fixed income, Gini coefficient, greed is good, illegal immigration, information security, James Dyson, Jeremy Corbyn, labour mobility, liberal capitalism, low cost airline, low interest rates, Martin Wolf, mass immigration, military-industrial complex, Mont Pelerin Society, negative equity, Neil Kinnock, new economy, non-tariff barriers, offshore financial centre, open borders, open economy, post-truth, price stability, purchasing power parity, quantitative easing, reshoring, road to serfdom, secular stagnation, Silicon Valley, Thales and the olive presses, trade liberalization, transaction costs, women in the workforce

As he points out, the BBC does not give equal space to climate change deniers whenever John Humphries or Nick Robinson interviews a scientist issuing a warning about global warming. But the BBC was prepared to broadcast complete lies about Europe without any challenge. Professor Gaber gave these examples. •Just one day before the vote, 1,280 business leaders signed a letter to The Times backing EU membership. This was ‘balanced’ on BBC bulletins by one man, Sir James Dyson, who had long ago come out for Brexit and had moved his business out of the UK to Malaysia. •When ten Nobel economics laureates warned of danger to the UK economy this was ‘balanced’ by an interview with a longstanding anti-European campaigner, Professor Patrick Minford, who has university status but at hardly the same level as Nobel Prize-winning economists of world renown.


pages: 335 words: 96,002

WEconomy: You Can Find Meaning, Make a Living, and Change the World by Craig Kielburger, Holly Branson, Marc Kielburger, Sir Richard Branson, Sheryl Sandberg

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Airbnb, Albert Einstein, An Inconvenient Truth, barriers to entry, benefit corporation, blood diamond, Boeing 747, business intelligence, business process, carbon footprint, clean tech, clean water, Colonization of Mars, content marketing, corporate social responsibility, Downton Abbey, Elon Musk, energy transition, family office, food desert, future of work, global village, impact investing, inventory management, James Dyson, job satisfaction, Kickstarter, market design, meta-analysis, microcredit, Nelson Mandela, Occupy movement, pre–internet, retail therapy, Salesforce, shareholder value, sharing economy, Sheryl Sandberg, Silicon Valley, Snapchat, Steve Jobs, TED Talk, telemarketer, The Fortune at the Bottom of the Pyramid, Virgin Galactic, working poor, Y Combinator

James Roberts created mOm after watching a documentary on Syria in which he learned that the stress of war has caused infant mortality rates to soar. He saw this as an opportunity to make a difference and invented mOm in a Design Engineering course at Loughborough University, where he went on to win the Sir James Dyson Global Prize for Innovation in 2014. The genius of mOm is that it's designed to be used anywhere, from rugged, harsh environments in rural Africa to time-sensitive neonatal transport in the developed world—and everywhere in between. mOm provides high quality, durable infant care conditions to service the most challenging settings.


pages: 385 words: 111,113

Augmented: Life in the Smart Lane by Brett King

23andMe, 3D printing, additive manufacturing, Affordable Care Act / Obamacare, agricultural Revolution, Airbnb, Albert Einstein, Amazon Web Services, Any sufficiently advanced technology is indistinguishable from magic, Apollo 11, Apollo Guidance Computer, Apple II, artificial general intelligence, asset allocation, augmented reality, autonomous vehicles, barriers to entry, bitcoin, Bletchley Park, blockchain, Boston Dynamics, business intelligence, business process, call centre, chief data officer, Chris Urmson, Clayton Christensen, clean water, Computing Machinery and Intelligence, congestion charging, CRISPR, crowdsourcing, cryptocurrency, data science, deep learning, DeepMind, deskilling, different worldview, disruptive innovation, distributed generation, distributed ledger, double helix, drone strike, electricity market, Elon Musk, Erik Brynjolfsson, Fellow of the Royal Society, fiat currency, financial exclusion, Flash crash, Flynn Effect, Ford Model T, future of work, gamification, Geoffrey Hinton, gig economy, gigafactory, Google Glasses, Google X / Alphabet X, Hans Lippershey, high-speed rail, Hyperloop, income inequality, industrial robot, information asymmetry, Internet of things, invention of movable type, invention of the printing press, invention of the telephone, invention of the wheel, James Dyson, Jeff Bezos, job automation, job-hopping, John Markoff, John von Neumann, Kevin Kelly, Kickstarter, Kim Stanley Robinson, Kiva Systems, Kodak vs Instagram, Leonard Kleinrock, lifelogging, low earth orbit, low skilled workers, Lyft, M-Pesa, Mark Zuckerberg, Marshall McLuhan, megacity, Metcalfe’s law, Minecraft, mobile money, money market fund, more computing power than Apollo, Neal Stephenson, Neil Armstrong, Network effects, new economy, Nick Bostrom, obamacare, Occupy movement, Oculus Rift, off grid, off-the-grid, packet switching, pattern recognition, peer-to-peer, Ray Kurzweil, retail therapy, RFID, ride hailing / ride sharing, Robert Metcalfe, Salesforce, Satoshi Nakamoto, Second Machine Age, selective serotonin reuptake inhibitor (SSRI), self-driving car, sharing economy, Shoshana Zuboff, Silicon Valley, Silicon Valley startup, Skype, smart cities, smart grid, smart transportation, Snapchat, Snow Crash, social graph, software as a service, speech recognition, statistical model, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, strong AI, synthetic biology, systems thinking, TaskRabbit, technological singularity, TED Talk, telemarketer, telepresence, telepresence robot, Tesla Model S, The future is already here, The Future of Employment, Tim Cook: Apple, trade route, Travis Kalanick, TSMC, Turing complete, Turing test, Twitter Arab Spring, uber lyft, undersea cable, urban sprawl, V2 rocket, warehouse automation, warehouse robotics, Watson beat the top human players on Jeopardy!, white picket fence, WikiLeaks, yottabyte

Quite an achievement when a prosthetic might often sell for more than US$40,000. Figure 6.2: This Iron Man-themed prosthetic limb was 3D printed for around US$350. (Credit: Microsoft Collective Project) A 3D-printed bionic hand designed by prosthetics start-up Open Bionics was the recipient of the 2015 UK James Dyson Award for design engineering innovation. What makes the Open Bionics hand stand out is its design, which enables it to be cheaper and faster to produce than many of the prosthetics currently available for amputees. Taking just 40 hours to 3D print, the robotic hand is built from custom pieces designed to fit amputees’ limbs precisely, and uses electromyographic sensors, which detect muscle movement, to control the hand.By flexing their muscles, wearers can choose whether to open and close the hand or grip objects.


pages: 375 words: 109,675

Railways & the Raj: How the Age of Steam Transformed India by Christian Wolmar

Beeching cuts, British Empire, collective bargaining, colonial rule, James Dyson, John Snow's cholera map, joint-stock company, Khyber Pass, Kickstarter, low cost airline, Mahatma Gandhi, Meghnad Desai, Ponzi scheme, railway mania, strikebreaker, Suez canal 1869, trade route, women in the workforce

John Chapman was a carriage manufacturer who had rather grander ideas about designing a flying machine, but soon gave up on the plan. He had been a successful manufacturer of knitting machinery for export to the Continent until he ran afoul of British export controls designed to limit foreign acquisition of machinery that could threaten the domestic industry. He was a kind of James Dyson of his time and was to play a key role in turning the dream of Indian railways into reality. Chapman wrote a pamphlet on the need for better transport for cotton and brought together a group of promoters to create the Great Indian Peninsula Railway company. He was motivated enough to take himself to Bombay to undertake a survey of potential routes, but initially chose an alignment that involved passing through already populated areas.


pages: 335 words: 111,405

B Is for Bauhaus, Y Is for YouTube: Designing the Modern World From a to Z by Deyan Sudjic

3D printing, additive manufacturing, Albert Einstein, Berlin Wall, Boeing 747, Boris Johnson, Buckminster Fuller, call centre, carbon footprint, clean water, company town, dematerialisation, deskilling, Easter island, edge city, Elon Musk, Frank Gehry, General Motors Futurama, Guggenheim Bilbao, illegal immigration, James Dyson, Jane Jacobs, Kitchen Debate, light touch regulation, market design, megastructure, moral panic, New Urbanism, place-making, QWERTY keyboard, Silicon Valley, Steve Jobs, Steve Wozniak, the scientific method, University of East Anglia, urban renewal, urban sprawl, young professional

In London, Goldsmiths can be seen as a school which triggered off a very particular strand of British art in the 1980s, just as the Royal Academy of Arts in Antwerp created a generation of Belgian fashion designers led by Martin Margiela and Dries van Noten. The Eindhoven Design Academy redefined the nature of Dutch design. The Royal College of Art in London has a remarkable range of achievement in many fields, with students from Mary Quant to David Hockney, James Dyson to Jasper Morrison. Its design and automotive schools in particular attract gifted students from all over the world, year after year, but there is no RCA style or manifesto. This might be seen as being more helpful for the students than it is for the professors. But what the Bauhaus had that no other school has had before or since is the combination of successive leadership from three of the leading designers of their time, a building that embodied the philosophy of its founder in a single unmistakable image, and an unshakable place at the heart of modernism, the dominant movement of twentieth-century culture.


pages: 388 words: 111,099

Democracy for Sale: Dark Money and Dirty Politics by Peter Geoghegan

4chan, Adam Curtis, Affordable Care Act / Obamacare, American Legislative Exchange Council, anti-globalists, basic income, Berlin Wall, Big Tech, Black Lives Matter, Boris Johnson, Brexit referendum, British Empire, Cambridge Analytica, centre right, corporate raider, crony capitalism, data science, deepfake, deindustrialization, demographic winter, disinformation, Dominic Cummings, Donald Trump, East Village, Etonian, F. W. de Klerk, fake news, first-past-the-post, Francis Fukuyama: the end of history, Frank Gehry, Greta Thunberg, invisible hand, James Dyson, Jeremy Corbyn, John Bercow, Mark Zuckerberg, market fundamentalism, military-industrial complex, moral panic, Naomi Klein, Nelson Mandela, obamacare, offshore financial centre, open borders, Overton Window, Paris climate accords, plutocrats, post-truth, post-war consensus, pre–internet, private military company, Renaissance Technologies, Robert Mercer, Ronald Reagan, Silicon Valley, Snapchat, special economic zone, Steve Bannon, surveillance capitalism, tech billionaire, technoutopianism, Torches of Freedom, universal basic income, WikiLeaks, Yochai Benkler, éminence grise

The British sociologist Will Davies describes Boris Johnson and Nigel Farage as “kindred spirits in the project of injecting a bit of chaos into the liberal economic system”.74 It is striking, too, that many of the most fervent Brexiters in the business world have few or no ties to the British economy. In 2018, an investment fund co-founded by the European Research Group’s Jacob Rees-Mogg opened an office in Dublin, to guard against “considerable uncertainty” as Britain left the EU.75 Vacuum-cleaner tycoon and Leave backer Sir James Dyson no longer produces his machines in the UK. Ineos billionaire Sir James Ratcliffe moved to Monaco despite his vocal support for Brexit. The owners of a number of pro-Brexit newspapers are foreign, like Rupert Murdoch, or often control their media holdings through offshore companies, like the Barclay brothers.


pages: 401 words: 115,959

Philanthrocapitalism by Matthew Bishop, Michael Green, Bill Clinton

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, Abraham Maslow, Albert Einstein, An Inconvenient Truth, anti-communist, AOL-Time Warner, barriers to entry, battle of ideas, Bernie Madoff, Big Tech, Bob Geldof, Bonfire of the Vanities, business process, business process outsourcing, Charles Lindbergh, clean tech, clean water, corporate governance, corporate social responsibility, Dava Sobel, David Ricardo: comparative advantage, digital divide, do well by doing good, don't be evil, family office, financial innovation, full employment, global pandemic, global village, Global Witness, God and Mammon, Hernando de Soto, high net worth, Ida Tarbell, Intergovernmental Panel on Climate Change (IPCC), invisible hand, James Dyson, John Elkington, John Harrison: Longitude, joint-stock company, junk bonds, knowledge economy, knowledge worker, Larry Ellison, Live Aid, lone genius, Marc Andreessen, Marc Benioff, market bubble, mass affluent, Michael Milken, microcredit, Mikhail Gorbachev, Neil Armstrong, Nelson Mandela, new economy, offshore financial centre, old-boy network, PalmPilot, peer-to-peer lending, performance metric, Peter Singer: altruism, plutocrats, profit maximization, profit motive, Richard Feynman, risk tolerance, risk-adjusted returns, Ronald Coase, Ronald Reagan, Salesforce, scientific management, seminal paper, shareholder value, Silicon Valley, Slavoj Žižek, South Sea Bubble, sovereign wealth fund, SpaceShipOne, stem cell, Steve Jobs, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Malthus, Thorstein Veblen, trade liberalization, transaction costs, trickle-down economics, Tyler Cowen, wealth creators, winner-take-all economy, working poor, World Values Survey, X Prize

They include hedge fund boss Arpad Busson, who is behind the fundraising charity Absolute Return for Kids (ARK); carpet tycoon Lord Harris of Peckham; property millionaire Sir David Garrard; and Lowe advertising agency founder Sir Frank Lowe. Sir Tom Hunter has funded projects to increase the standard of leadership in the country’s schools and to encourage the teaching of entrepreneurship. Vacuum cleaner tycoon James Dyson is building a school focused on reviving Britain’s engineering traditions. In India, the Azim Premji Foundation has tried to raise the quality of education in several ways, in addition to piloting educational buses that visit shanty villages occupied by migrant workers. It conducts audits of schools—looking for 100 percent enrollment, 90 percent attendance, and 80 percent achievement of basic educational standards—and gives awards to recognize and encourage high achievement.


pages: 380 words: 118,675

The Everything Store: Jeff Bezos and the Age of Amazon by Brad Stone

airport security, Amazon Mechanical Turk, Amazon Web Services, AOL-Time Warner, Apollo 11, bank run, Bear Stearns, Bernie Madoff, big-box store, Black Swan, book scanning, Brewster Kahle, buy and hold, call centre, centre right, Chuck Templeton: OpenTable:, Clayton Christensen, cloud computing, collapse of Lehman Brothers, crowdsourcing, cuban missile crisis, Danny Hillis, deal flow, Douglas Hofstadter, drop ship, Elon Musk, facts on the ground, fulfillment center, game design, housing crisis, invention of movable type, inventory management, James Dyson, Jeff Bezos, John Markoff, junk bonds, Kevin Kelly, Kiva Systems, Kodak vs Instagram, Larry Ellison, late fees, loose coupling, low skilled workers, Maui Hawaii, Menlo Park, Neal Stephenson, Network effects, new economy, off-the-grid, optical character recognition, PalmPilot, pets.com, Ponzi scheme, proprietary trading, quantitative hedge fund, reality distortion field, recommendation engine, Renaissance Technologies, RFID, Rodney Brooks, search inside the book, shareholder value, Silicon Valley, Silicon Valley startup, six sigma, skunkworks, Skype, SoftBank, statistical arbitrage, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, the long tail, Thomas L Friedman, Tony Hsieh, two-pizza team, Virgin Galactic, Whole Earth Catalog, why are manhole covers round?, zero-sum game

“If vendors or brands leave Amazon, they will eventually come back,” Wilke predicts, because “customers trust Amazon to be great providers of information and customer reviews about a vast selection of products. If you have customers ready to buy, and if you have a chance to tell them about your product, what brand ultimately doesn’t want that?” Dyson, the British vacuum maker, is one example of a brand that appears to treat Amazon with caution. It sold on Amazon for years and then an irate Sir James Dyson, its founder, visited Amazon’s offices personally to vent his frustrations over repeated violations of MAP. “Sir James said he trusted us with his brand and we had violated that trust,” says Kerry Morris, a former senior buyer who hosted Dyson on that memorable visit. Dyson pulled its vacuums from Amazon in 2011, though some models are still sold on the Amazon Marketplace by approved third-party merchants.


pages: 389 words: 112,319

Think Like a Rocket Scientist: Simple Strategies You Can Use to Make Giant Leaps in Work and Life by Ozan Varol

Abraham Maslow, Affordable Care Act / Obamacare, Airbnb, airport security, Albert Einstein, Amazon Web Services, Andrew Wiles, Apollo 11, Apollo 13, Apple's 1984 Super Bowl advert, Arthur Eddington, autonomous vehicles, Ben Horowitz, Boeing 747, Cal Newport, Clayton Christensen, cloud computing, Colonization of Mars, dark matter, delayed gratification, different worldview, discovery of DNA, double helix, Elon Musk, fail fast, fake news, fear of failure, functional fixedness, Gary Taubes, Gene Kranz, George Santayana, Google Glasses, Google X / Alphabet X, Inbox Zero, index fund, Isaac Newton, it is difficult to get a man to understand something, when his salary depends on his not understanding it, James Dyson, Jeff Bezos, job satisfaction, Johannes Kepler, Kickstarter, knowledge worker, Large Hadron Collider, late fees, lateral thinking, lone genius, longitudinal study, Louis Pasteur, low earth orbit, Marc Andreessen, Mars Rover, meta-analysis, move fast and break things, multiplanetary species, Neal Stephenson, Neil Armstrong, Nick Bostrom, obamacare, Occam's razor, out of africa, Peter Pan Syndrome, Peter Thiel, Pluto: dwarf planet, private spaceflight, Ralph Waldo Emerson, reality distortion field, Richard Feynman, Richard Feynman: Challenger O-ring, Ronald Reagan, Sam Altman, Schrödinger's Cat, Search for Extraterrestrial Intelligence, self-driving car, Silicon Valley, Simon Singh, Skinner box, SpaceShipOne, Steve Ballmer, Steve Jobs, Steven Levy, Stewart Brand, subprime mortgage crisis, sunk-cost fallacy, TED Talk, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, Tyler Cowen, Upton Sinclair, Vilfredo Pareto, We wanted flying cars, instead we got 140 characters, Whole Earth Catalog, women in the workforce, Yogi Berra

The same is true for scientists working in a lab. For them, without the ability to be wrong, they could never be right. Some of their experiments succeed and others don’t. If things don’t work as planned, it’s a hypothesis proven wrong. They can tweak the hypothesis, try a different approach, or abandon it altogether. British inventor James Dyson described the inventor’s life as “one of failure.”10 It took Dyson fifteen years and 5,126 prototypes to get his revolutionary bagless vacuum to work. Several of Einstein’s attempts to devise a proof for E = mc2 failed.11 In some fields—for example, pharmaceutical drug development—the average failure rate is over 90 percent.


pages: 388 words: 125,472

The Establishment: And How They Get Away With It by Owen Jones

anti-communist, Asian financial crisis, autism spectrum disorder, bank run, battle of ideas, Big bang: deregulation of the City of London, bonus culture, Boris Johnson, Bretton Woods, British Empire, call centre, capital controls, Capital in the Twenty-First Century by Thomas Piketty, centre right, citizen journalism, collapse of Lehman Brothers, collective bargaining, disinformation, don't be evil, Edward Snowden, Etonian, eurozone crisis, falling living standards, Francis Fukuyama: the end of history, full employment, G4S, glass ceiling, hiring and firing, housing crisis, inflation targeting, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, James Dyson, Jon Ronson, laissez-faire capitalism, land bank, light touch regulation, low interest rates, market fundamentalism, mass immigration, Monroe Doctrine, Mont Pelerin Society, moral hazard, Neil Kinnock, night-watchman state, Nixon triggered the end of the Bretton Woods system, Northern Rock, Occupy movement, offshore financial centre, old-boy network, open borders, Overton Window, plutocrats, popular capitalism, post-war consensus, profit motive, quantitative easing, race to the bottom, rent control, road to serfdom, Ronald Reagan, shareholder value, short selling, sovereign wealth fund, stakhanovite, statistical model, subprime mortgage crisis, Suez crisis 1956, The Wealth of Nations by Adam Smith, transfer pricing, Tyler Cowen, union organizing, unpaid internship, Washington Consensus, We are all Keynesians now, wealth creators, Winter of Discontent

Following his assumption of power in 2010, David Cameron set up a ‘Business Advisory Group’ which, according to its official website, ‘is a group of business leaders from sectors of strategic importance to the UK’ who, on a quarterly basis, provide ‘regular, high-level advice to the Prime Minister on critical business and economic issues facing the country’. Among its sixteen members are the heads of notorious tax-avoiding companies, such as Eric Schmidt, Executive Chairman of Google, and Vittorio Colao, the CEO of Vodafone. Another is Sir James Dyson, who shifted his manufacturing operations from Britain to the Far East in 2002 with the loss of 800 British jobs. Of course, there are no representatives of trade unions or consumers’ organizations: this is an opportunity for tycoons to exercise direct political influence over the Prime Minister and his key allies.


pages: 504 words: 143,303

Why We Can't Afford the Rich by Andrew Sayer

"World Economic Forum" Davos, accounting loophole / creative accounting, Alan Greenspan, Albert Einstein, Anthropocene, anti-globalists, asset-backed security, banking crisis, banks create money, basic income, biodiversity loss, bond market vigilante , Boris Johnson, Bretton Woods, British Empire, Bullingdon Club, business cycle, call centre, capital controls, carbon footprint, carbon tax, collective bargaining, corporate raider, corporate social responsibility, creative destruction, credit crunch, Credit Default Swap, crony capitalism, David Graeber, David Ricardo: comparative advantage, debt deflation, decarbonisation, declining real wages, deglobalization, degrowth, deindustrialization, delayed gratification, demand response, don't be evil, Double Irish / Dutch Sandwich, en.wikipedia.org, Etonian, financial engineering, financial innovation, financial intermediation, Fractional reserve banking, full employment, G4S, Goldman Sachs: Vampire Squid, green new deal, high net worth, high-speed rail, income inequality, information asymmetry, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, Isaac Newton, James Carville said: "I would like to be reincarnated as the bond market. You can intimidate everybody.", James Dyson, job automation, Julian Assange, junk bonds, Kickstarter, labour market flexibility, laissez-faire capitalism, land bank, land value tax, long term incentive plan, low skilled workers, Mark Zuckerberg, market fundamentalism, Martin Wolf, mass immigration, means of production, moral hazard, mortgage debt, negative equity, neoliberal agenda, new economy, New Urbanism, Northern Rock, Occupy movement, offshore financial centre, oil shale / tar sands, patent troll, payday loans, Philip Mirowski, plutocrats, popular capitalism, predatory finance, price stability, proprietary trading, pushing on a string, quantitative easing, race to the bottom, rent-seeking, retail therapy, Ronald Reagan, shareholder value, short selling, sovereign wealth fund, Steve Jobs, tacit knowledge, TED Talk, The Nature of the Firm, The Spirit Level, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, transfer pricing, trickle-down economics, universal basic income, unpaid internship, upwardly mobile, Washington Consensus, wealth creators, WikiLeaks, Winter of Discontent, working poor, Yom Kippur War, zero-sum game

Sometimes, though, an owner of a firm – a capitalist – is enterprising, perhaps developing a new product from which millions of consumers benefit. Don’t they deserve their wealth? The Jobs/Dyson defence: don’t truly innovative people deserve all they get? Steve Jobs, the late CEO of Apple computers, was said to have been ‘worth’ $8.3 billion. If you were given a dollar every second, it would take 266 years to get that much. In the UK, James Dyson, famous for his Dyson vacuum cleaners, was estimated to be worth £2.65 billion (84 years at £1 per second), according to the 2012 Sunday Times Rich List. People like Jobs and Dyson are exceptional. But they are rare amongst the rich in creating new products of value. Paul Krugman points out that ‘very few of the top 1 percent, or even the top 0.01 percent, made their money that way.


pages: 272 words: 19,172

Hedge Fund Market Wizards by Jack D. Schwager

asset-backed security, backtesting, banking crisis, barriers to entry, Bear Stearns, beat the dealer, Bernie Madoff, Black-Scholes formula, book value, British Empire, business cycle, buy and hold, buy the rumour, sell the news, Claude Shannon: information theory, clean tech, cloud computing, collateralized debt obligation, commodity trading advisor, computerized trading, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, delta neutral, diversification, diversified portfolio, do what you love, Edward Thorp, family office, financial independence, fixed income, Flash crash, global macro, hindsight bias, implied volatility, index fund, intangible asset, James Dyson, Jones Act, legacy carrier, Long Term Capital Management, managed futures, margin call, market bubble, market fundamentalism, Market Wizards by Jack D. Schwager, merger arbitrage, Michael Milken, money market fund, oil shock, pattern recognition, pets.com, Ponzi scheme, private sector deleveraging, proprietary trading, quantitative easing, quantitative trading / quantitative finance, Reminiscences of a Stock Operator, Right to Buy, risk free rate, risk tolerance, risk-adjusted returns, risk/return, riskless arbitrage, Rubik’s Cube, Savings and loan crisis, Sharpe ratio, short selling, statistical arbitrage, Steve Jobs, systematic trading, technology bubble, transaction costs, value at risk, yield curve

—Excerpt of 60 Minutes interview (October 10, 2011) with Alex Honnold, acknowledged to be the best free-soloing climber in the world, whose extraordinary feats include the first free-solo climb up the northwest face of Half Dome, a 2,000-foot wall in Yosemite National Park To do my vacuum cleaner, I built 5,127 prototypes. That means I had 5,126 failures. But as I went through those failures, I made discoveries. —James Dyson Foreword Once upon a time, a drought comes over the land and the wheat crop fails. Naturally, the price of wheat goes up. Some people cut back and bake less bread while others speculate and buy as much wheat as they can get and hoard it in hopes of higher prices to come. The king hears about all the speculation and high prices and promptly sends his soldiers from town to town to proclaim that speculation is now a crime against the state—and that severe punishment is to befall speculators.


The Rise and Fall of the British Nation: A Twentieth-Century History by David Edgerton

active measures, Arthur Marwick, Berlin Wall, Big bang: deregulation of the City of London, blue-collar work, British Empire, business cycle, call centre, centre right, collective bargaining, colonial exploitation, company town, Corn Laws, corporate governance, deglobalization, deindustrialization, dematerialisation, deskilling, Donald Davies, double helix, Dr. Strangelove, endogenous growth, Etonian, European colonialism, feminist movement, first-past-the-post, full employment, gentrification, imperial preference, James Dyson, knowledge economy, labour mobility, land reform, land value tax, low interest rates, manufacturing employment, means of production, Mikhail Gorbachev, military-industrial complex, Neil Kinnock, new economy, non-tariff barriers, North Sea oil, offshore financial centre, old-boy network, packet switching, Philip Mirowski, Piper Alpha, plutocrats, post-Fordism, post-industrial society, post-truth, post-war consensus, public intellectual, rising living standards, road to serfdom, Ronald Reagan, scientific management, Suez canal 1869, Suez crisis 1956, technological determinism, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, trade liberalization, union organizing, very high income, wages for housework, wealth creators, Winter of Discontent, women in the workforce, working poor

The list of great entrepreneurs whose animal spirits were unleashed in the new dispensation of the late 1980s and 1990s is rather thin. Sir Richard Branson is a brand, and his firms, many no longer owned by him, operate aeroplanes and trains, in the latter case highly subsidized. He was nothing like as pioneering as an airline boss as Sir Freddie Laker of the 1960s and 1970s. Sir James Dyson invented a new vacuum cleaner and a public lavatory hand-drying system, no longer built in the United Kingdom, but continues to invest in development. This is not the sort of transformational success that, say, Lord Nuffield had with motor cars in the interwar years. Lord Sugar, founder of Amstrad (which once rose to the FTSE 100), made and sold computers in the 1970s and boomed in the 1980s (taking over Sinclair Research), but he was no Bill Gates.