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

W. Brian Arthur (Author)

Book Description

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

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 6 x 0.8 inches
• Shipping Weight: 14.1 ounces (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,115,730 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

1 of 1 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 "Gi Lima" (Campinas, SP, Brazil) - See all my reviews

This review is from: Increasing Returns and Path Dependence in the Economy (Economics, Cognition, and Society) (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.

1 of 1 people found the following review helpful:

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

By 

Ellis R. Miller "outlaw dba" (Dayton, OH) - See all my reviews
(REAL NAME)   

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This review is from: Increasing Returns and Path Dependence in the Economy (Economics, Cognition, and Society) (Paperback)

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.