Increasing Returns and Path Dependence in the Economy |
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Author:
| Arthur, W. Brian |
Series title: | Economics, Cognition, and Society Ser. |
ISBN: | 978-1-282-42357-2 |
Publication Date: | Sep 2013 |
Publisher: | University of Michigan Press
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Book Format: | Ebook |
List Price: | USD $53.90 |
Book Description:
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This book brings together Professor Arthurs 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.
This book brings together Professor Arthurs 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.