Increasing Returns And Path Dependence In The Economy
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Increasing Returns And Path Dependence In The Economy
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Author : W. Brian Arthur
language : en
Publisher: University of Michigan Press
Release Date : 1994
Increasing Returns And Path Dependence In The Economy written by W. Brian Arthur and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Pioneering work on an important new approach to economics.
Increasing Returns And Path Dependence In The Economy
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Author : W. Brian Arthur
language : en
Publisher: University of Michigan Press
Release Date : 1994
Increasing Returns And Path Dependence In The Economy written by W. Brian Arthur and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Pioneering work on an important new approach to economics.
Increasing Returns And Path Dependence In The Economy
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Author : W. Brian Arthur
language : en
Publisher:
Release Date : 1994
Increasing Returns And Path Dependence In The Economy written by W. Brian Arthur and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
The Nature Of Technology
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Author : W. Brian Arthur
language : en
Publisher: Simon and Schuster
Release Date : 2009-08-11
The Nature Of Technology written by W. Brian Arthur and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-11 with Science categories.
“More than anything else technology creates our world. It creates our wealth, our economy, our very way of being,” says W. Brian Arthur. Yet despite technology’s irrefutable importance in our daily lives, until now its major questions have gone unanswered. Where do new technologies come from? What constitutes innovation, and how is it achieved? Does technology, like biological life, evolve? In this groundbreaking work, pioneering technology thinker and economist W. Brian Arthur answers these questions and more, setting forth a boldly original way of thinking about technology. The Nature of Technology is an elegant and powerful theory of technology’s origins and evolution. Achieving for the development of technology what Thomas Kuhn’s The Structure of Scientific Revolutions did for scientific progress, Arthur explains how transformative new technologies arise and how innovation really works. Drawing on a wealth of examples, from historical inventions to the high-tech wonders of today, Arthur takes us on a mind-opening journey that will change the way we think about technology and how it structures our lives. The Nature of Technology is a classic for our times.
The Evolution Of Path Dependence
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Author : Lars Magnusson
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009-01-01
The Evolution Of Path Dependence written by Lars Magnusson and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-01 with Business & Economics categories.
The notion and interpretation of path dependence have been discussed and utilized in various social sciences during the last two decades. This innovative book provides significant new insights onto how the different applications of path dependence have developed and evolved. The authors suggest that there has been a definite evolution from applications of path dependence in the history of technology towards other fields of social science. They also discuss the various definitions of path dependence (strong or weak) and explore the potential applications of path dependence in new areas such as political economy and economic geography. With new perspectives on how the debate surrounding path dependence has evolved, this book will strongly appeal to postgraduate students and scholars of economic history, economic geography, political science and business studies.
The Economy As An Evolving Complex System Ii
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Author : W. Brian Arthur
language : en
Publisher: CRC Press
Release Date : 2018-05-04
The Economy As An Evolving Complex System Ii written by W. Brian Arthur and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-04 with Mathematics categories.
A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing?continually in process. The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures?markets, legal and social institutions, price patters, expectations?to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear?structures these behaviors co-create. This complexity approach does not replace the equilibrium one?it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.
Intellectual Path Dependence In Economics
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Author : Altug Yalcintas
language : en
Publisher: Routledge
Release Date : 2016-03-10
Intellectual Path Dependence In Economics written by Altug Yalcintas and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-10 with Business & Economics categories.
Is economics always self-corrective? Do erroneous theorems permanently disappear from the market of economic ideas? Intellectual Path Dependence in Economics argues that errors in economics are not always corrected. Although economists are often critical and open-minded, unfit explanations are nonetheless able to reproduce themselves. The problem is that theorems sometimes survive the intellectual challenges in the market of economic ideas even when they are falsified or invalidated by criticism and an abundance of counter-evidence. A key question which often gets little or no attention is: why do economists not reject theories when they have been refuted by evidence and falsified by philosophical reasoning? This book explores the answer to this question by examining the phenomenon of intellectual path dependence in the history of economic thought. It argues that the key reason why economists do not reject refuted theories is the epistemic costs of starting to use new theories. Epistemic costs are primarily the costs of scarcity of the most valued element in academic production: time. Epistemic scarcity overwhelmingly dominates the evolution of scientific research in such a way that when researchers start off a new research project, they allocate time between replicable and un-replicable research. This book is essential reading for anyone interested in the methodology, philosophy and history of economics.
Increasing Returns Path Dependence And The Study Of Politics
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Author : Paul Pierson
language : en
Publisher:
Release Date : 1997
Increasing Returns Path Dependence And The Study Of Politics written by Paul Pierson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Political science categories.
Before And Beyond Divergence
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Author : Jean-Laurent Rosenthal
language : en
Publisher: Harvard University Press
Release Date : 2011-04
Before And Beyond Divergence written by Jean-Laurent Rosenthal and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04 with Business & Economics categories.
Why did sustained economic growth arise in Europe rather than in China? The authors combine economic theory and historical evidence to argue that political processes drove the economic divergence between the two world regions, with continued consequences today that become clear in this innovative account.
Path Dependence And Creation
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Author : Raghu Garud
language : en
Publisher: Psychology Press
Release Date : 2013-05-13
Path Dependence And Creation written by Raghu Garud and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-13 with Business & Economics categories.
The editors, aware of the recent work in evolutionary theory and the science of chaos and complexity, challenge the sometimes deterministic flavor of this subject. They are interested in uncovering the place of agency in these theories that take history so seriously. In the end, they are as interested in path creation and destruction as they are in path dependence. This book is compiled of both theoretical and empirical writings. It shows relatively well-known industries, such as the automobile, biotechnology, and semi-conductor industries in a new light. It also invites the reader to learn more about medical practices, wind power, lasers, and synthesizers. Primarily written for academicians, researchers, and Ph.D. students in fields related to technology management, this book is research-oriented and will appeal to all managers.