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Why Information Grows: The Evolution of Order, from Atoms to Economies [Kõva köide]

3.97/5 (2598 hinnangut Goodreads-ist)
  • Formaat: Hardback, 256 pages, kõrgus x laius x paksus: 238x162x32 mm, kaal: 463 g
  • Ilmumisaeg: 02-Jun-2015
  • Kirjastus: Basic Books
  • ISBN-10: 0465048994
  • ISBN-13: 9780465048991
  • Formaat: Hardback, 256 pages, kõrgus x laius x paksus: 238x162x32 mm, kaal: 463 g
  • Ilmumisaeg: 02-Jun-2015
  • Kirjastus: Basic Books
  • ISBN-10: 0465048994
  • ISBN-13: 9780465048991
A forefront interdisciplinary theorist draws on expertise in both physics and economic development to outline a rubric for economic growth based on a nation's ability to make and sell complex products that reflect regional education and infrastructure.

"Why do some nations prosper while others do not? Economists usually turn to measures such as gross domestic product or per capita income to answer this question, but interdisciplinary theorist Cesar Hidalgo argues that we can learn more by measuring a country's ability to make complex products. In Why Information Grows, Hidalgo combines the seemingly disparate fields of economic development and physics to present this new rubric for economic growth. He believes that we should investigate what makes some countries more capable than others. Complex products-from films to robots, apps to automobiles-are a physical distillation of an economy's knowledge, a measurable embodiment of its education, infrastructure, and capability. Economic wealth accrues when applications of this knowledge turn ideas into tangible products; the more complex its products, the more economic growth a country will experience. A radical new interpretation of global economics, Why Information Grows overturns traditional assumptionsabout the development of economies and the origins of wealth and takes a crucial step toward making economics less the dismal science and more the insightful one. "--

"Why do some nations prosper while others do not? While economists often turn to measures like GDP or per-capita income to answer this question, interdisciplinary theorist Cesar Hidalgo argues that there is a better way to understand economic success. Instead of measuring the money a country makes, he proposes, we can learn more from measuring a country's ability to make complex products--in other words, the ability to turn an idea into an artifact and imagination into capital. In Why Information Grows, Hidalgo combines the seemingly disparate fields of economic development and physics to present this new rubric for economic growth. He argues that viewing development solely in terms of money and politics is too simplistic to provide a true understanding of national wealth. Rather, we should be investigating what makes some countries more capable than others. Complex products--from films to robots, apps to automobiles--are a physical distillation of an economy's knowledge, a measurable embodiment of the education, infrastructure, and capability of an economy. Economic wealth is about applying this knowledge to turn ideas into tangible products, and the more complex these products, the more economic growth a country will experience. Just look at the East Asian countries, he argues, whose rapid rise can be attributed to their ability to manufacture products at all levels of complexity. A radical new interpretation of global economics, Why Information Grows overturns traditional assumptions about wealth and development. In a world where knowledge is quite literally power, Hidalgo shows how we can create societies that are limited by nothing more than their imagination"--

Arvustused

Finalist for the 2015 Hayek Book and Lecture Prize "The concept of information is necessary to make sense of anything that is not a boring featureless mass, including life, mind, society, and value. Why Information Grows lucidly explains the foundations of this essential concept, while creatively applying it in exciting new ways. It is filled with interesting ideas, and a pleasure to read."--Steven Pinker, Johnstone Professor of Psychology, Harvard University, and author of The Language Instinct and How the Mind Works "Mr Hidalgo succeeds brilliantly in bringing his complex subject to life. His book is full of nuggets, from memorable phrases to interesting metaphors."--Economist "Written in an accessible and entertaining style... Hidalgo has made a bold attempt to synthesise a large body of cutting-edge work into a readable, slender volume. This is the future of growth theory and his thought-provoking book deserves to be widely read."--Financial Times "Contains some innovative thinking about what drives growth that could help us to navigate the turbulence of the ever more interconnected global economy."--Nature "Thought-provoking...Well written and accessible, the book is full of interesting ideas that deserve to be read and discussed."--CHOICE "An impassioned argument for the advantages of an information-centric view of economic growth, and for understanding the different capacities of nations to provide solutions to human problems... Hidalgo persuasively demonstrates the value of this approach by placing the ideas firmly in their historical context, both in information theory and in physics... Hidalgo's perspective on economic wealth is wildly fresh and creative. Physicists will enjoy reading about familiar ideas in new ways, and will also find value in learning how these ideas can be applied fruitfully in areas seemingly far away from physics. Economists and other social scientists will find new concepts ripe for profitable use."--Physics World "Anybody interested in the future of mathematical theory in economics should read Cesar Hidalgo's book Why Information Grows. There are many things to like about this lucid account of the evolution of our scientific understanding of information. One of the most important may be the simplest. It illustrates what it means to think like a physicist."--Paul Romer, founding director of the Urbanization Project at NYU Stern "A mind-stretching, unconventional book that draws on information theory, physics, sociology and economics to explain economic growth and why it occurs in some places, not all."--Pittsburgh Tribune-Review ~b~>"Hidalgo invites us to understand the economy in an entirely different way... [ A] novel, holistic take on the dismal science."--Kirkus Reviews "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 Cesar 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 Wealthspan

Prologue: The Eternal War ix
Introduction: From Atoms to People to Economies xi
PART I Bits in Atoms
1(42)
Chapter 1 The Secret to Time Travel
3(8)
Chapter 2 The Body of the Meaningless
11(14)
Chapter 3 The Eternal Anomaly
25(18)
PART II Crystallized Imagination
43(30)
Chapter 4 Out of Our Heads!
49(16)
Chapter 5 Amplifiers
65(8)
PART III The Quantization of Knowhow
73(54)
Chapter 6 This Time, It's Personal
77(10)
Chapter 7 Links Are Not Free
87(22)
Chapter 8 In Links We Trust
109(18)
PART IV The Complexity of the Economy
127(46)
Chapter 9 The Evolution of Economic Complexity
129(16)
Chapter 10 The Sixth Substance
145(20)
Chapter 11 The Marriage of Knowledge, Knowhow, and Information
165(8)
PART V Epilogue
173(10)
Chapter 12 The Evolution of Physical Order, from Atoms to Economies
175(8)
Acknowledgments: Bleeding Words 183(10)
Notes 193(26)
Index 219
Cesar Hidalgo leads the Macro Connections group at the MIT Media Lab, where he is also an associate professor of media arts and sciences. He lives in Cambridge, Massachusetts, with his wife, Anna, and Iris, their daughter.