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

From the Publisher: "More than any thing else technology creates our world. It creates our wealth, our economy, our very way of being," says W. Brian Arthur. Yet, until now the major questions of technology have gone unanswered. Where do new technologies come from-how exactly does invention work? What constitutes innovation, and how is it achieved? Why are certain regions-Cambridge, England, in the 1920s and Silicon Valley today-hotbeds of innovation, while others languish? Does technology, like biological life, evolve? How do new industries, and the economy itself, emerge from technologies? In this groundbreaking work, pioneering technology thinker and economist W. Brian Arthur sets forth a boldly original…