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Books > Business & Money > Economics > Microeconomics > 0472064967
  1. Increasing Returns and Path Dependence in the Economy (Economics, Cognition, and Society)
    Increasing Returns and Path Dependence in the Economy (Economics, Cognition, and Society)
    Increasing Returns and Path Dependence in the Economy (Economics, Cognition, and Society)
    Image(s) provided for illustrative purposes and may differ from the actual product
  2. Increasing Returns and Path Dependence in the Economy (Economics, Cognition, and Society)

    Delivery: 10-20 Working Days
    Customer Ratings (4 reviews)
    Price R681.00

Additional Information

Pioneering work on an important new approach to economics.

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W. Brian Arthur
University of Michigan Press
University of Michigan Press
Figures, tables
Figures, tables
University of Michigan Press
University of Michigan Press
Most Helpful Customer Reviews

Long overdue, modernized view of increasing returns specifically in Knowledge-based (as opposed to resources i.e., coal) economy. In short, often random and difficult to predict whether "best" technologies or services win and come to predominate in a Knowledge economy of increasing returns and having seen and lived this in the IT industry (over and over) this tome is proving to be unexpectedly relevant and accurate.
This beautifully written work elucidates how our economy really works and would be particularly helpful to all business students and the would-be entrepreneurs among us.
I expected more details on how efficiencies that lead to increasing returns worked and are discovered. Greater analysis of who and how the increasing returns accrued to would have been useful.
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