Processes of 'path dependence' are crucial in explaining technological change.
He called this "path dependence", and said that inferior standards can persist simply because of the legacy they have built up.
Economic debate continues on the significance of path dependence in determining how standards form.
A general type of path dependence is a typological vestige.
Therefore and instead we must look at the path dependence.
Chaos theory is used to describe how small changes can lead to widely varying results and path dependence.
In their view, the significance of path dependence is that:
He considers the resulting path dependence in policy-making a "trap".
If path dependence is such a big deal, why are college freshmen unlikely to encounter the idea in Econ.
But a world haunted by path dependence does cry out for a different sort of intervention.