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Where do new technologies come from? What constitutes innovation, and how is it achieved? Does technology, like biological life, evolve? In this work, W. Brian Arthur seeks to answer these questions and more, setting forth a boldly original way of thinking about technology. 'The Nature of Technology' is a theory of technology's origins and evolution. Arthur explains how transformative new technologies arise and how innovation really works. Drawing on a wealth of examples, from historical inventions to the high-tech wonders, Arthur aims to take readers on a mind-opening journey.