Policy and Path Dependence: From QWERTY to Windows 95 - 0 views
-
Alan McCluskey on 23 May 08An article by Stan Leibowitz and Stephen E. Margolis about path dependence: "the application to economic systems of an intellectual movement that has lately come into fashion in several academic disciplines. In physics and mathematics, the related idea is called chaos-sensitive dependence on initial conditions." Unfortunately a sad diatribe against the idea of path dependence... by people who hve a vested interest in believing that the market place will finally sort all things out.