I've just read Lucy Kellaway's column on Management Guff. It's good for a laugh but is also a salutary reminder about the languages people use. Working on the book I'm writing I am constantly flipping between academic language and business language. Yesterday I reading a paper on path dependence and found even the abstract deeply impenetrable. Here's an example of one sentence "Unlike tests for the presence of non-ergodicity, assessments of the economic significance of path dependence are shown to involve difficult issues of counterfactual specification, and the welfare evaluation of alternative dynamic paths rather than terminal states". Fortunately I found another article that was much easier to read. Here's an example sentence: "Path dependence in its loosest sense means that current and future states, actions, or decisions depend upon the path of previous states, actions, or decisions".