Person
W. Brian Arthur
Economist of complexity, increasing returns, and path dependence in technology and economic systems.
Why this matters
Arthur shows how small early advantages compound—why lock-in and sediment matter for institutions and infrastructure.
Works2 sources
article
Competing Technologies, Increasing Returns, and Lock-In by
Arthur, W. Brian. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events." Economic Journal 99, no. 394 (1989): 116–131.
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book
Increasing Returns and Path Dependence in the Economy.
Arthur, W. Brian. Increasing Returns and Path Dependence in the Economy. Ann Arbor: University of Michigan Press, 1994.
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