Path Dependence
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Path dependence explains how the set of decisions one faces for any given circumstance is limited by the decisions one has made in the past, even though past circumstances may no longer be relevant.The phrase is regularly used to mean one of two things (Pierson 2004): Some authors use path dependence to mean simply "history matters" - a broad concept; Others use it to mean that institutions are self reinforcing - a narrow concept.

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Path dependence explains how the set of decisions one faces for any given circumstance is limited by the decisions one has made in the past, even though past circumstances may no longer be relevant.The phrase is regularly used to mean one of two things (Pierson 2004): Some authors use path dependence to mean simply "history matters" - a broad concept; Others use it to mean that institutions are self reinforcing - a narrow concept.