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[Market outcomes] depends on the cumulation of random events.

— W. Brian Arthur Competing Technologies, Increasing Returns and Lock-in by Historical Events (1989)

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More quotes by W. Brian Arthur

As we begin to understand complex systems, we begin to understand that we’re part of an ever-changing, interlocking, non-linear, kaleidoscopic world.

W. Brian Arthur in: Mitchell M. Waldrop (2004)

Complexity theory is really a movement of the sciences.

Increasing-returns economics has roots that go back 70 years or more, but its application to the economy as a whole is largely new.

Increasing Returns and Path Dependence in the Economy (1994)

More than anything else technology creates our world. It creates our wealth, our economy, our very way of being.

The Nature of Technology: What It Is and How It Evolves (2009)

A technology that by chance gains an early lead in adoption may eventually 'corner the market' of potential adopters, with the other technologies becoming locked out.

Competing Technologies, Increasing Returns and Lock-in by Historical Events (1989)

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Quote text and notes from Wikiquote: W. Brian Arthur (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.