Right after we published our first findings, we started get… - W. Brian Arthur

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Right after we published our first findings, we started getting letters from all over the country saying, "You know, all you guys have done is rediscover Austrian economics"… I admit I wasn't familiar with Hayek and von Mises at the time. But now that I've read them, I can see that this is essentially true.

W. Brian Arthur

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About W. Brian Arthur

William Brian Arthur (born 21 July 1946) is an economist, Emeritus Professor of Economics and Population Studies at Stanford University, external faculty member at the , and a Visiting Researcher at the Intelligent Systems Lab at PARC. He is an authority on economics in relation to complexity theory, technology and financial markets, and is credited with influencing and describing the modern theory of increasing returns, and the invention of the .

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Alternative Names: William Brian Arthur

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Kenneth E. Boulding Paul Samuelson Kenneth Arrow Kate Raworth Didier Sornette

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Where we observe the predominance of one technology or one economic outcome over its competitors we should thus be cautious of any exercise that seeks the means by which the winner's innate 'superiority' came to be translated into adoption.

More than anything else technology creates our world. It creates our wealth, our economy, our very way of being.

[Market outcomes] depends on the cumulation of random events.

Right after we published our first findings, we started getting letters from all over the country saying, "You know, all you guys have done is redisc… - W. Brian Arthur

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