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

Hidalgo, Cesar

Published by Basic Books 2015-06-02, 2015
ISBN 10: 0465048994 / ISBN 13: 9780465048991
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0465048994 Very Good Condition - May show some limited signs of wear and may have a remainder mark. Pages and dust cover are intact and not marred by notes or highlighting. Tracking is not available for orders shipped outside of the United States. **Heavier books will require additional postage for International** PA Sales Tax is included in purchase price. Bookseller Inventory #

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Synopsis: 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 MIT's antidisciplinarian César 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--will disappear. 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. Our cities are pockets where information grows, but 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 off the ground. So, why does the US economy outstrip Brazil's, and Brazil's that of Chad? Why did the technology corridor along Boston's 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 Hidalgo's 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, but more interesting things.

About the Author: Cesar Hidalgo leads the Macro Connections group at the MIT Media Lab. He lives in Cambridge Massachusetts with his wife Anna and their daughter Iris.

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Title: Why Information Grows: The Evolution of ...
Publisher: Basic Books 2015-06-02
Publication Date: 2015
Binding: Hardcover
Book Condition: Very Good

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Book Description INGRAM PUBLISHER SERVICES US, United States, 2015. Hardback. Book Condition: New. Language: English . Brand New Book. 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 MIT s antidisciplinarian Cesar 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 Brazil s, and Brazil s that of Chad? Why did the technology corridor along Boston s 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 Hidalgo s 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 bare 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. Bookseller Inventory # AA29780465048991

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