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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)
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)
[Market outcomes] depends on the cumulation of random events.
Competing Technologies, Increasing Returns and Lock-in by Historical Events (1989)
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