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Quote by W. Brian Arthur

“We're facing a danger that economics is rigorous deduction based upon faulty assumptions. Science after science gets that way from time to time. When it does, we're in real trouble.”

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W. Brian Arthur

W. Brian Arthur is an American economist renowned for his contributions to the field of economics, particularly in the areas of complexity economics and the impact of technology on economic development. His research has significantly advanced our understanding of industry evolution and the dynamics of technological change. more

“The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.”

“History cannot be reduced to a set of statistics and probabilities.”

Statistics Probability

Author:Alan Greenspan

“An economy that adds value through information, ideas, and intelligence-the Three I Economy-offers a way out of the apparent clash between material growth and environmental resources.”

Way Ideas Values Three Growth Economy Information Materials Offers Resources Add Environmental Clash

Author:Charles Handy

“The market is a mechanism for sorting the efficient from the inefficient, it is not a substitute for responsibility.”

Responsibility Substitutes Mechanism Efficient Sorting

Book:The Age of Paradox

Source: The Age of Paradox

Quote by W. Brian Arthur

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