 Where was Brian Arthur born?
Perhaps so, but in that case somebody should tell this to Joel Klein, the assistant attorney general in charge of the antitrust division. It was Klein's words, not those of Arthur, that prompted me to use Arthur in the lead of the story. 2) Krugman wrote: "Cassidy's article tells the story of how Stanford Professor Brian Arthur came up with the idea of increasing returns." As long ago as 1939, Sir John Hicks, one of the founders of modern economics, noted that increasing returns, if tolerated, could lead to the "wreckage" of a large part of economic theory.) 3) Pace Krugman, I also did not claim that Arthur bears principal responsibility for the rediscovery of increasing returns by economists in the 1970s and 1980s. My claim was simply that Arthur applied increasing returns to high-technology markets, and that his work influenced how other economists and government officials think about these markets. In effect, he is accusing Brian Arthur, a man he calls a "nice guy," of being a fabricator or a liar. The quotes in question came from Arthur, and they were based on his recollections of two meetings that he attended some years ago. The fact of the matter is that I spend much of my life reading the work of mainstream economists, speaking to them, and trying to find something they have written that might interest the general public. Paul David, an economic historian who wrote a famous paper about how the QWERTYUIOP typewriter keyboard evolved and, you guessed it, Brian Arthur.
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