Showing posts with label Brian Arthur. Show all posts
Showing posts with label Brian Arthur. Show all posts

Tuesday, December 27, 2011

Digital World and Digital Economy

 
Digital world and digital economy
December 25, 2011
Digitization will be the next big thing for the rest of the century.
“Digitization is creating a second economy that is vast, automatic and invisible- there by bringing the biggest change since industrial revolution.” – Brian Arthur (Digital Wave : The Second Economy/W.Brian Arthur.-Indian Management 50(1), November 2011. 80-87. Other books by the same author : Increasing returns and path Dependence in the Economy , University of Michigan  Press, 1994 ; The Nature of technology what it is and how it evolves (Free Press, August 2009)

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