|| For the last several years W. Brian Arthur has become fascinated with technology and how it evolves. More than anything else technology creates our world. It creates our wealth, our economy, our very way of being. 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? And how do new industries and the economy itself, emerge from technologies? In Arthur's book The Nature of Technology, he attempts to answer them. It argues that all technologies share certain principles; these determine the character of technology and how novel technologies come into being—and hence how innovation works. Learn more:

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