The Evolution of Path Dependence

The Evolution of Path Dependence

New Horizons in Institutional and Evolutionary Economics series

Edited by Lars Magnusson and Jan Ottosson

The notion and interpretation of path dependence have been discussed and utilized in various social sciences during the last two decades. This innovative book provides significant new insights onto how the different applications of path dependence have developed and evolved. The authors suggest that there has been a definite evolution from applications of path dependence in the history of technology towards other fields of social science. They also discuss the various definitions of path dependence (strong or weak) and explore the potential applications of path dependence in new areas such as political economy and economic geography.

Chapter 1: Path Dependence versus Path-breaking Crises: An Alternative View

Bo Stråth

Subjects: economics and finance, evolutionary economics

Extract

1. Path dependence versus pathbreaking crises: an alternative view Bo Stråth THE ANGEL OF HISTORY There is a famous interpretation by Walter Benjamin of Paul Klee’s painting of Angelus Novus or The Angel of History as Benjamin conceptualizes him. The Angel gazes with a wide-open mouth and extended wings on the heap of the ruins of History. A strong wind blows from Paradise and prevents the Angel from closing its wings, or from coming closer to the past at which it gazes. The wind drives the Angel unceasingly, with its back towards the future. According to Benjamin, this wind, which began in Eden, is what we call progress. Klee’s painting and Benjamin’s interpretation have provoked many comments (cf. Niethammer, 1989; Stråth, 1991, pp. 132–3). The landscape that the Angel sees, driven into the future with its back ahead, changes continuously. Can the journey of the Angel through this landscape be conceptualized as path dependency? In a certain sense yes, because there is no way it can escape its connection to the past. However, the question is whether the ruins of History constitute a path. Is there a pattern or some organizing principle in the landscape? Or is all in a chaotic heap of ruins? These questions have occupied historians since the Enlightenment. The Enlightenment philosophers believed in rationality and in the progress of History conforming to law. Few were on this point more consequent than Hegel when he mapped the movement of Reason through history. Hegel’s influence...

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