The Nature of Technology: What It Is and How It Evolves

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Penguin Adult, 2010 - Business & Economics - 256 pages
"More than anything else technology creates our world. It creates our wealth, our economy, our very way of being," says W. Brian Arthur. Yet despite technology's irrefutable importance in our daily lives, until now its major questions have gone unanswered. Where do new technologies come from' What constitutes innovation, and how is it achieved' Does technology, like biological life, evolve' In this groundbreaking work, pioneering technology thinker and economist W. Brian Arthur answers these questions and more, setting forth a boldly original way of thinking about technology. The Nature of Technology is an elegant and powerful theory of technology's origins and evolution. Achieving for the development of technology what Thomas Kuhn's The Structure of Scientific Revolutions did for scientific progress, Arthur explains how transformative new technologies arise and how innovation really works. Drawing on a wealth of examples, from historical inventions to the high-tech wonders of today, Arthur takes us on a mind-opening journey that will change the way we think about technology and how it structures our lives. The Nature of Technology is a classic for our times.

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About the author (2010)

W. Brian Arthur's ideas have won him a Guggenheim Fellowship in 1987 and the Schumpeter Prize in Economics in 1990. He pioneered the modern study of positive feedbacks in the economy - in particular their role in magnifying small, random events. He is also one of the pioneers of the new science of complexity. He is an External Faculty Member at the Santa Fe Institute and from 1983 to 1996 was Dean and Virginia Morrison Professor of Economics and Population Studies at Stanford University. He holds a Ph.D. from Berkeley in Operations Research, and has other degrees in economics, engineering and mathematics.