Papers on Path Dependence

The notion of path dependence — that history matters, annoys economic libertarians the same way that evolution annoys deists: it implies pure dumb luck is a factor in the order of things. It’s a knock against the Learned Hand Doctrine, market dominance may not derive from superior technology or execution alone. So while Blogistan revels in zipf distributions, remember there was a reason behind Rawls’ thought experiment.

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