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

— W. Brian Arthur Increasing Returns and Path Dependence in the Economy (1994)

More quotes by W. Brian Arthur

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

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

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

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

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.