Download Full eBooks in PDF
Increasing Returns And Path Dependence In The Economy Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Increasing Returns And Path Dependence In The Economy book. This book definitely worth reading, it is an incredibly well-written.
Author : W. Brian Arthur
Publisher : University of Michigan Press
Page : 201 pages
File Size : 47,7 Mb
Release : 1994
Category : Business & Economics
ISBN : 9780472022403
Pioneering work on an important new approach to economics.
Author : W. Brian Arthur
Publisher : University of Michigan Press
Page : 228 pages
File Size : 46,5 Mb
Release : 1994
Category : Business & Economics
ISBN : 0472022407
Pioneering work on an important new approach to economics.
Author : W. Brian Arthur
Publisher : Unknown
Page : 11 pages
File Size : 42,5 Mb
Release : 198?
Category : Electronic
ISBN : OCLC:81290014
Author : W. Brian Arthur
Publisher : Penguin UK
Page : 261 pages
File Size : 40,8 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780141031637
The Nature of Technology will change the way you think about this fundamental subject forever. W. Brian Arthur's many years of thinking and writing about technology have culminated in a unique understanding of his subject. Here he examines the nature of technology itself: what is it and how does it evolve? Giving rare insights into the evolution of specific technologies and a new framework for thinking about others, every sentence points to some further truth and fascination. At a time when we are ever more reliant on technological solutions for the world's problems, it is extraordinary how little we actually understand the processes that lead to innovation and invention. Until now. This will be a landmark book that will define its subject, and inspire people to think about technology in depth for the very first time.
Author : S. J. Liebowitz
Publisher : NYU Press
Page : 286 pages
File Size : 52,8 Mb
Release : 2002-02
Category : Business & Economics
ISBN : 0814751784
The top left hand side of the keyboard reads "Q-W-E-R-T-Y." Is this inefficient layout an inefficient early development to which we are now forever committed? The "economics of QWERTY" describes cases in which it has been claimed that technologies which have become accepted are not as good as rival technologies. Perhaps they have been "locked in" at an early stage, preventing newer, better possibilities from taking hold. Distinguished economists Stan Liebowitz and Steven Margolis have critically examined the various aspects of the economics of QWERTY and its implications, calling into question the historical accuracy of the standard account of QWERTY and similar cases such as those of Beta/VHS and Macintosh/Windows. They contend that no plausible case of inferior standards being locked in has ever been documented, though much antitrust activity and legislative policy has been based on the belief in the occurrence of such cases. The Economics of Qwerty brings together into one volume Liebowitz and Margolis's essential contributions, remarkable for their eloquence and relevance, to consider these issues, which are of real and enduring importance for the functioning of the market economy. Together they constitute a complete account of the critique of the economics of QWERTY.
Author : G. Schreyögg,J. Sydow
Publisher : Springer
Page : 265 pages
File Size : 47,5 Mb
Release : 2009-11-12
Category : Business & Economics
ISBN : 9780230274075
The theory of path dependence continues to attract great interest in a range of disciplines. An increasing number of scholars have started to explicitly use this theory for studying organizational inertia and institutional rigidities. This volume presents a collection of papers from various international conferences that address these issues.
Author : W. Brian Arthur
Publisher : CRC Press
Page : 428 pages
File Size : 46,8 Mb
Release : 2018-05-04
Category : Mathematics
ISBN : 9780429976261
A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing?continually in process. The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures?markets, legal and social institutions, price patters, expectations?to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear?structures these behaviors co-create. This complexity approach does not replace the equilibrium one?it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.
Author : Geoffrey M. Heal
Publisher : Unknown
Page : 0 pages
File Size : 46,6 Mb
Release : 2011
Category : Electronic
ISBN : OCLC:1375120683
Increasing returns is the source of some of the most powerful metaphors and intuitions in economics. Foremost among them are Adam Smith's statement that the division of labor is limited by the extent of the market and his discussion of the relationship between scale and economies of specialization in a pin factory. There is a weakness, strictly an error, in Adam Smith's analysis. Two phenomena that he grouped together and saw as integral to economic progress are in fact inconsistent. These are increasing returns with the consequent gains from specialization and the efficiency of the invisible hand. We now know that a society cannot have both, at least if one interprets the efficiency of the invisible hand as the Pareto efficiency of the competitive equilibrium, our only rigorous interpretation. This paper reviews the implications of increasing returns for several areas of economics: resource allocation and welfare economics; the micro foundations of macroeconomics; product variety and imperfect competition; information and information technology; economic growth; international trade. These cover the fields in which increasing returns cause departures from the results otherwise available. These departures are rather significant. Recognizing increasing returns affects the possibility of market equilibrium, can introduce sticky prices, causes economies to lock-in to inefficient technologies and introduce path-dependence, affects the possibility of continuing growth, produces hard problems for regulators, and changes our conception of the effects of international trade. All in all, increasing returns can change quite radically our view of how the economy operates. They make the economy seem more complicated and pose a challenge to our vision of a benign and powerful invisible hand.
Author : Paul Pierson
Publisher : Princeton University Press
Page : 209 pages
File Size : 52,6 Mb
Release : 2011-09-19
Category : Political Science
ISBN : 9781400841080
This groundbreaking book represents the most systematic examination to date of the often-invoked but rarely examined declaration that "history matters." Most contemporary social scientists unconsciously take a "snapshot" view of the social world. Yet the meaning of social events or processes is frequently distorted when they are ripped from their temporal context. Paul Pierson argues that placing politics in time--constructing "moving pictures" rather than snapshots--can vastly enrich our understanding of complex social dynamics, and greatly improve the theories and methods that we use to explain them. Politics in Time opens a new window on the temporal aspects of the social world. It explores a range of important features and implications of evolving social processes: the variety of processes that unfold over significant periods of time, the circumstances under which such different processes are likely to occur, and above all, the significance of these temporal dimensions of social life for our understanding of important political and social outcomes. Ranging widely across the social sciences, Pierson's analysis reveals the high price social science pays when it becomes ahistorical. And it provides a wealth of ideas for restoring our sense of historical process. By placing politics back in time, Pierson's book is destined to have a resounding and enduring impact on the work of scholars and students in fields from political science, history, and sociology to economics and policy analysis.
Author : Raghu Garud,Peter Karnoe
Publisher : Psychology Press
Page : 474 pages
File Size : 48,5 Mb
Release : 2013-05-13
Category : Business & Economics
ISBN : 9781135706319
The editors, aware of the recent work in evolutionary theory and the science of chaos and complexity, challenge the sometimes deterministic flavor of this subject. They are interested in uncovering the place of agency in these theories that take history so seriously. In the end, they are as interested in path creation and destruction as they are in path dependence. This book is compiled of both theoretical and empirical writings. It shows relatively well-known industries, such as the automobile, biotechnology, and semi-conductor industries in a new light. It also invites the reader to learn more about medical practices, wind power, lasers, and synthesizers. Primarily written for academicians, researchers, and Ph.D. students in fields related to technology management, this book is research-oriented and will appeal to all managers.
Author : W. Brian Arthur
Publisher : Oxford University Press, USA
Page : 241 pages
File Size : 44,6 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780199334292
A collection of previous published papers by the author on the subject of complexity economics, appearing from the 1980s to the present.
Author : Peter A. Hall,David W. Soskice
Publisher : Oxford University Press
Page : 557 pages
File Size : 49,5 Mb
Release : 2001
Category : Business & Economics
ISBN : 9780199247745
Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.
Author : Douglass C. North
Publisher : Cambridge University Press
Page : 164 pages
File Size : 50,8 Mb
Release : 1990-10-26
Category : Political Science
ISBN : 0521397340
An analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies is developed in this analysis of economic structures.
Author : Lars Magnusson,Jan Ottosson
Publisher : Edward Elgar Publishing
Page : 239 pages
File Size : 55,5 Mb
Release : 2009-01-01
Category : Business & Economics
ISBN : 9781848449268
The notion and interpretation of path dependence have been discussed and utilized in various social sciences during the last two decades. This innovative book provides significant new insights onto how the different applications of path dependence have developed and evolved. The authors suggest that there has been a definite evolution from applications of path dependence in the history of technology towards other fields of social science. They also discuss the various definitions of path dependence (strong or weak) and explore the potential applications of path dependence in new areas such as political economy and economic geography. With new perspectives on how the debate surrounding path dependence has evolved, this book will strongly appeal to postgraduate students and scholars of economic history, economic geography, political science and business studies.
Author : Audie Klotz
Publisher : Cornell University Press
Page : 204 pages
File Size : 55,9 Mb
Release : 1999
Category : History
ISBN : 0801486033
The author explores why a large number of international organizations adopted sanctions against the apartheid regime in South Africa despite strategic and economic interests that had fostered strong ties with it in the past. She argues that the emergence of the norm of racial equality is the reason.