W. Brian Arthur Famous Quotes & Sayings

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7 W. Brian Arthur Famous Sayings, Quotes and Quotation.

W. Brian Arthur Sayings: Assigning invention in cases like this is difficult, and modern writings on technology recognize this. Assigning invention in cases like this is difficult, and modern writings on technology recognize this. Says computing pioneer Michael Williams:

There is no such thing as "first" in any activity associated with human invention. If you add enough adjectives to a description you can always claim your own favorite. For example the ENIAC is often claimed to be the "first electronic, general purpose, large scale, digital computer" and you certainly have to add all those adjectives before you have a correct statement. If you leave any of them off, then machines such as the ABC, the Colossus, Zuse's Z3, and many others (some not even constructed such as Babbage's Analytical Engine) become candidates for being "first.
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W. Brian Arthur Sayings: Economists got away from really questioning how the world works, how decisions actually got made. Economists got away from really questioning how the world works, how decisions actually got made. If something doesn't conform to neoclassical models ... people are not somehow behaving themselves properly.
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W. Brian Arthur Sayings: A new device or method is put together from the available components - the available A new device or method is put together from the available components - the available vocabulary - of a domain. In this sense a domain forms a language; and a new technological artifact constructed from components of the domain is an utterance in the domain's language. This makes technology as a whole a collection of several languages, because each new artifact may draw from several domains.
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W. Brian Arthur Sayings: Complexity is looking at interacting elements and asking how they form patterns and how the Complexity is looking at interacting elements and asking how they form patterns and how the patterns unfold. It's important to point out that the patterns may never be finished. They're open-ended. In standard science this hit some things that most scientists have a negative reaction to. Science doesn't like perpetual novelty.
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W. Brian Arthur Sayings: When you mathematize something you distill its essence. When you mathematize something you distill its essence.
W. Brian Arthur Sayings: We're facing a danger that economics is rigorous deduction based upon faulty assumptions. Science after 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.
W. Brian Arthur Sayings: If economics wants to understand the new economy, it not only has to understand increasing If economics wants to understand the new economy, it not only has to understand increasing returns and the dynamics of instability. It also has to look at cognition itself, something we have never done before in economics.