Stephen Margoliss Contributions to Economics and Political Economy
By Peter J. Boettke
Years before his collaboration with Stan Leibowitz on network economies, Stephen Margolis made significant contributions to housing economics, industrial organization, and law and economics. Leibowitz and Margoliss work challenging the path dependence theory of technological lock-in provided much-needed clarity at a time when the network economy was beginning to raise new issues for economic understanding and policymaking.
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