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Increasing Returns and Path Dependence in the Economy (Economics, Cognition, and Society) Paperback – December 15, 1994


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Increasing Returns and Path Dependence in the Economy (Economics, Cognition, and Society) + The Nature of Technology: What It Is and How It Evolves
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Product Details

  • Series: Economics, Cognition, and Society
  • Paperback: 224 pages
  • Publisher: University of Michigan Press (December 15, 1994)
  • Language: English
  • ISBN-10: 0472064967
  • ISBN-13: 978-0472064960
  • Product Dimensions: 9.1 x 5.9 x 0.8 inches
  • Shipping Weight: 10.4 ounces (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #769,752 in Books (See Top 100 in Books)

Editorial Reviews

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"This beautifully written collection of essays represents one of the fundamental contributions to economic science in the last two decades."

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1 of 1 people found the following review helpful By Charles Luther on March 1, 2013
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This beautifully written work elucidates how our economy really works and would be particularly helpful to all business students and the would-be entrepreneurs among us.
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2 of 3 people found the following review helpful By Ellis R. Miller on October 4, 2009
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Long overdue, modernized view of increasing returns specifically in Knowledge-based (as opposed to resources i.e., coal) economy. In short, often random and difficult to predict whether "best" technologies or services win and come to predominate in a Knowledge economy of increasing returns and having seen and lived this in the IT industry (over and over) this tome is proving to be unexpectedly relevant and accurate.
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3 of 5 people found the following review helpful By Giovanna M R Lima on April 2, 2010
Format: Paperback
It's a collection of Professor Brian Arthur and his first articles on increasing returns, a non-orthodox economics view at the time.
It's very specific and at times repetitive. But it does give a full comprehension on the evolution of his thoughts and most the mathematical proof of his theories.
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0 of 2 people found the following review helpful By william white on February 24, 2013
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I expected more details on how efficiencies that lead to increasing returns worked and are discovered. Greater analysis of who and how the increasing returns accrued to would have been useful.
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