W. Brian Arthur

William Brian Arthur is an economist renowned for his work on increasing returns and complexity theory.

Based in Northern California, he has made significant contributions to understanding technology's role in economics and financial markets.

Arthur's research focuses on how small, chance events can lead to one technology dominating a market, challenging traditional economic models.

His expertise in complexity theory has been applied to various fields, including economics, technology, and finance.

Arthur's work has influenced thinking on network effects, path dependence, and the evolution of technology in modern economies.