The Nature of Technology will change the way you think about this fundamental subject forever. W. Brian Arthur's many years of thinking and writing about technology have culminated in a unique understanding of his subject. Here he examines the nature of technology itself: what is it and how does it evolve? Giving rare insights into the evolution of specific technologies and a new framework for thinking about others, every sentence points to some further truth and fascination. At a time when we are ever more reliant on technological solutions for the world's problems, it is extraordinary how little we actually understand the processes that lead to innovation and invention. Until now. This will be a landmark book that will define its subject, and inspire people to think about technology in depth for the very first time.
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.