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The Market Process and the Economics of QWERTY: Two Views

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  • Lewin, Peter

Abstract

Since its publication in 1985 Paul David's "Economics of 'QWERTY"' has provided a paradigm case for the understanding and application of path-dependent processes in economics, some of which have been identified as yielding sub-optimal outcomes. The accuracy and relevance of this case, and this entire theoretical approach, has been subjected to critical scrutiny by Stan Liebowitz and Stephen Margolis in a series of articles and in a recent book. In this article I provide a wide ranging, and largely appreciative, review of the book and highlight, in some detail, the fundamental disagreements with which it deals. Copyright 2001 by Kluwer Academic Publishers

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  • Lewin, Peter, 2001. "The Market Process and the Economics of QWERTY: Two Views," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 14(1), pages 65-96, March.
    • Handle: RePEc:kap:revaec:v:14:y:2001:i:1:p:65-96
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    Citations

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    Cited by:

    1. Neil M., Kay, 2013. "Lock-in, path dependence, and the Internationalization of QWERTY," SIRE Discussion Papers 2013-41, Scottish Institute for Research in Economics (SIRE).
    2. Göcen, Serdar, 2015. "F. A. Hayek'in Bilgisizlik Teorisi Çerçevesinde Piyasa, Denge ve Planlama [Market, Equilibrium, and Planning within the Framework of F.A. Hayek's Theory of Ignorance]," MPRA Paper 66811, University Library of Munich, Germany.
    3. Neil Kay, 2013. "Lock-in, path dependence, and the internationalization of QWERTY," Working Papers 1310, University of Strathclyde Business School, Department of Economics.
    4. Mikael Stenkula, 2003. "Carl Menger and the network theory of money," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 10(4), pages 587-606.
    5. Don Lavoie & Virgil Storr, 2011. "Distinction or dichotomy: Rethinking the line between thymology and praxeology," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(2), pages 213-233, June.
    6. Kay, Neil M, 2013. "QWERTY and the search for optimality," SIRE Discussion Papers 2013-103, Scottish Institute for Research in Economics (SIRE).
    7. Malavika Nair & Nicolás Cachanosky, 2017. "Bitcoin and entrepreneurship: breaking the network effect," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(3), pages 263-275, September.
    8. Neil M Kay, 2013. "QWERTY and the search for optimality," Working Papers 1324, University of Strathclyde Business School, Department of Economics.
    9. Bukvić, Rajko, 2016. "Qwerty, Йцукен И Српска Ћирилица: Треба Ли Нам Нови Стандард? [QWERTY, ЙЦУКЕН and Serbian keyboard: do we need new standard?]," MPRA Paper 71031, University Library of Munich, Germany, revised 2016.
    10. Sophie Harnay, 2002. "Was Napoleon a Benevolent Dictator? An Economic Justification for Codification," European Journal of Law and Economics, Springer, vol. 14(3), pages 237-251, November.

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