Macro · Structures & Institutions Stub 1985

Path Dependence and QWERTY

경로 의존성 이론

An evolutionary economics and historical institutionalism theory showing that early, contingent events combined with increasing returns to scale can permanently lock society into inferior technological or institutional paths.

Field Economics · Management · Science & Technology Studies
Level of analysis Macro · Structures & Institutions
Paradigm Evolutionary Approach Institutionalism
Key figures 👤 Paul David (폴 데이비드) 👤 W. Brian Arthur (브라이언 아서)
Year 1985

Key Claims

Paul David and W. Brian Arthur demonstrated that dynamic processes with increasing returns (network externalities, adaptive expectations) exhibit non-ergodicity and lock-in. Historical accidents can permanently establish sub-optimal technical standards (like QWERTY) over superior alternatives.

Further Reading

  • David, P. A. (1985). Clio and the Economics of QWERTY. American Economic Review, 75(2), 332–337.
  • Arthur, W. B. (1989). Competing technologies, increasing returns, and lock-in by historical events. Economic Journal, 99(394), 116–131.

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