Increasing Returns and Path Dependence in the Economy (Economics, Cognition, and Society) [Paperback]

W. Brian Arthur (Author)

Book Description

Publication Date: December 15, 1994 | Series: Economics, Cognition, and Society

Pioneering work on an important new approach to economics.

Product Details

• Paperback: 224 pages
• Publisher: University of Michigan Press (December 15, 1994)
• Language: English
• ISBN-10: 0472064967
• ISBN-13: 978-0472064960
• Product Dimensions: 9 x 0.8 x 6 inches
• Shipping Weight: 14.1 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: #616,362 in Books (See Top 100 in Books)

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Most Helpful Customer Reviews

3 of 4 people found the following review helpful

4.0 out of 5 stars Theoretical base for increasing returns in economics April 2, 2010

By Giovanna M R Lima

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.

2 of 3 people found the following review helpful

4.0 out of 5 stars Fantastic Insights into Knowledge Economy October 4, 2009

By Ellis R. Miller

Format:Paperback|Amazon Verified Purchase

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.

5.0 out of 5 stars Essential reading for anyone interested in how our economy really works. March 1, 2013

By Charles Luther

Format:Paperback|Amazon Verified Purchase

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.