Increasing Returns and Path Dependence in the Economy

Increasing Returns and Path Dependence in the Economy
ISBN-10
0472094963
ISBN-13
9780472094967
Category
Business & Economics / General
Pages
201
Language
English
Published
1994-10-27
Publisher
University of Michigan Press
Author
W. Brian Arthur

Description

This book brings together Professor Arthur’s pioneering article and provide a comprehensive presentation of his exciting vision of an economics that incorporates increasing returns. After a decade of resistance from economists, these ideas are now being widely discussed and adopted, as Kenneth Arrow recounts in his foreword. In fundamental ways they are changing our views of the working economy.

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