The Economic Implications of Learning by Doing.

Arrow, K. J. (1962). The Economic Implications of Learning by Doing. Review of Economic Studies, 29(3), 155-173.

Type

Journal article

Intellectual base

Review or monograph

Year

1962

Volume

29

Issue

3

Pages

155-173

Link

https://academic.oup.com/restud/article-abstract/29/3/155/1539235

Cited from

economics_finance, ethnography_qualitative_methods

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Cost–Benefit Analysis
  • Arrow's work on learning-by-doing externalities and capital externalities

    This sourceEstablishes the learning/knowledge-externality framework (learning is investment benefiting future investors; socially optimal investment exceeds the competitive level). Relevant to CBA framing of external benefits in project appraisal — the connection is loose/indirect but the work is correct.

• Inquiry-Change Learning Loop
  • Trial and error is not sufficient either, because error-driven search can proceed happily without any retained explanation of why a given variant failed.

    This sourceModels learning by doing as productivity gain accruing from cumulative experience, a mechanism that carries no retained explanatory model of why any particular attempt succeeded or failed.

Verification

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Links previously used in the corpus

Before the registry existed this work was also linked 1 other way.

• https://www.jstor.org/stable/2295952 ×1

Registry ID ref:50dc79277899 · see in the full table