W. Brian Arthur is a leading economist, complexity thinker, and well known authority on economics in relation to technology, complexity theory and financial markets. He is an External Professor at the Santa Fe Institute and a Visiting Researcher in the Intelligent Systems Lab at PARC. Arthur is also well known for his pioneering theoretical work on positive feedback or increasing returns in the economy, which offered a paradigm-changing explanation of why some high-tech companies achieve breakaway success. He is also one of the pioneers of the science of compl of compl of compl of compl of complexity—the science of compl of compl of compl of compl of how patterns and structures self-organize, and is credited with the invention of the El Farol Bar problem. His work has gonecon to become the basis of our understanding of the high-tech economy. In the 1980s and early 90s, he led the Santa Fe Institute’s team researching the economy as an evolving, complex system; this work has developed over time into the new thinking called “complexity economics.” Previously, he was Morrison Professor of economics and Population Studies at Stanford University.
1983 - 1996
He pioneered the modern study of positive feedback or increasing returns in the economy.
The study focused in particular their role in magnifying small, random events in the economy.
HOW TECHNOLOGY EVOLVES
The book explains in detail how the combination of earlier technologies makes new technologies.
AWARDS & RECOGNITIONS
Lagrange Prize in Complexity Science, 2008, 2, 2008, 2, 2008, 2, 2008, 2, 2008, 2, 2008, 2, 2008, 2, 2008, 2, 2008, 2, 2008, 2, 2008, 2, 2008, 2008
International Schumpeter Prize in Economics, 1990
Guggenheim Fellow, 1987-88
Fellow of the Econometric Society
2019 Citation Laureate
Member, Founders Society of the Sante Fe Institute
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