Why Information Grows: The Evolution of Order, from Atoms to Economies 9780465096848

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Автор: Hidalgo Cesar
Название: Why Information Grows: The Evolution of Order, from Atoms to Economies
ISBN: 9780465096848
Издательство: Little Brown
Издательство: Basic Books
Классификация:

Экономика

Международная экономика

ISBN-10: 0465096840
Обложка/Формат: Paperback
Страницы: 256
Вес: 0.25 кг.
Дата издания: 01.11.2016
Язык: English
Размер: 206 x 137 x 18
Поставляется из: США
Описание: Hidalgo has made a bold attempt to synthesize a large body of cutting-edge work into a readable, slender volume. This is the future of growth theory. -- Financial Times

What is economic growth? And why, historically, has it occurred in only a few places? Previous efforts to answer these questions have focused on institutions, geography, finances, and psychology. But according to MITs antidisciplinarian C (c)r Hidalgo, understanding the nature of economic growth demands transcending the social sciences and including the natural sciences of information, networks, and complexity. To understand the growth of economies, Hidalgo argues, we first need to understand the growth of order.

At first glance, the universe seems hostile to order. Thermodynamics dictates that over time, order-or information-disappears. Whispers vanish in the wind just like the beauty of swirling cigarette smoke collapses into disorderly clouds. But thermodynamics also has loopholes that promote the growth of information in pockets. Although cities are all pockets where information grows, they are not all the same. For every Silicon Valley, Tokyo, and Paris, there are dozens of places with economies that accomplish little more than pulling rocks out of the ground. So, why does the US economy outstrip Brazils, and Brazils that of Chad? Why did the technology corridor along Bostons Route 128 languish while Silicon Valley blossomed? In each case, the key is how people, firms, and the networks they form make use of information.

Seen from Hidalgos vantage, economies become distributed computers, made of networks of people, and the problem of economic development becomes the problem of making these computers more powerful. By uncovering the mechanisms that enable the growth of information in nature and society, Why Information Grows lays bear the origins of physical order and economic growth. Situated at the nexus of information theory, physics, sociology, and economics, this book propounds a new theory of how economies can do not just more things, but more interesting things.

Why Information Grows: The Evolution of Order, from Atoms to Economies, Hidalgo Cesar