Why Information Grows shows us how humans infuse information into matter, making it more valuable than gold. Hidalgo's work brilliantly spotlights the true alchemy of the twenty-first century and its impact from economic complexity to national competitiveness (Albert-Laszlo Barabasi, Distinguished Professor and Director of Northeastern University's Center for Complex Network Research, and author of Linked)
Economies are built out of information. This has been true from the Stone Age to our knowledge economy today. Yet until César Hidalgo's breakthrough book, we have not had a deep account as to how and why this is so. This exciting, important book is a major step toward a twenty-first century theory of growth (Eric Beinhocker, Executive Director, Institute for New Economic Thinking, University of Oxford and author of The Origin of Wealth)
This beautifully written and carefully researched book may set in motion a paradigm shift in economic thinking. Blending deep theory with detailed data, Hidalgo demonstrates that countries grow, firms prosper, and individuals thrive when they enmesh themselves in diverse, talented networks that produce complex physical order, i.e. information. Why do economies grow? Because information does (Scott Page, Professor of Complex Systems, Political Science, and Economics at the University of Michigan and author of The Difference)
The diverse set of perspectives that César Hidalgo brings to the eternal question of growth-from economic development theories to big data mining engines to elegantly crafted visualizations-underlies the central thesis of Why Information Grows: diversity. Including many diverse perspectives will ultimately create maximum complexity and chaos, which ultimately creates growth. Hidalgo makes a powerful case for the importance of creativity and imagination in our society's ability to make information-and economies-grow (John Maeda, Partner, Kleiner Perkins Caufield & Byers and author of The Laws of Simplicity)
In Why Information Grows, rising star César Hidalgo offers a radical interpretation of global economics
While economists often turn to measures like GDP or per-capita income, César Hidalgo turns to information theory to explain the success or failure of a country's economic performance. Through a radical rethinking of what the economy is, Hidalgo shows that natural constraints in our ability to accumulate knowledge, knowhow and information explain the evolution of social and economic complexity. This is a rare tour de force, linking economics, sociology, physics, biology and information theory, to explain the evolution of social and economic systems as a consequence of the physical embodiment of information in a world where knowledge is quite literally power.
César Hidalgo leads the Macro Connections group at the MIT Media Lab. A trained statistical physicist and an expert on Networks and Complex Systems, he also has extensive experience in the field of economic development and has pioneered research on how big data impacts economic decision-making.
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