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W Brian Arthur is an external professor at Santa Fe Institute and a pioneer of the science of complexity. He is known for his work on increasing returns, complexity economics, and the evolution of technology.
William Brian Arthur (born 31 July 1945) is a Belfast-born economist credited with developing the modern approach to increasing returns. He has lived and worked in Northern California for many years. He is an authority on economics in relation to complexity theory, technology and financial markets.
Santa Fe Institute. Verified email at parc.com - Homepage. economics complexity technology. Articles 1–20. Santa Fe Institute - Cited by 54,531 - economics - complexity -...
W. Brian Arthur, an economist and professor at Stanford and Santa Fe, argues that increasing returns, not diminishing returns, are the dominant mechanism in today's economy. He explains how increasing returns affect markets, innovation, and business strategy.
Brian Arthur is the recipient of the Schumpeter Prize in economics, the Lagrange Prize in complexity science, and two honorary doctorates. He earned his Ph.D. from Berkeley in Operations Research and has other degrees in economics, electrical engineering, and mathematics.
Jan 29, 2021 · Complexity economics relaxes the assumptions of neoclassical economics — the assumptions of representative, hyper-rational agents, each of which faces a well-defined problem and arrives at ...
Mar 25, 2024 · This critical insight, developed in depth by W. Brian Arthur – the father of complexity economics – is relevant to researchers interested in institutions. Arthur provides a method for capturing the underlying dynamics. He offers conceptual tools centred on the concept of increasing returns to make sense of some crucial challenges.
