Books in the Economics, Cognition & Society series

Brings together Professor Arthur's pioneering article and provides a comprehensive presentation of his exciting vision of an economics that incorporates increasing returns. After a decade of resistance from economists, these ideas are now being widely discussed and adopted, as Kenneth Arrow recounts in his foreword.

Explores the NIE with a critical assessment of its theoretical contributions. This second edition aims to explain and assess some of the major refinements, extensions and useful applications that have been introduced into the body of neoinstitutionalist thought in recent years.