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- DescriptionWhat is ecomic 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 ecomic growth demands transcending the social sciences and including the natural sciences of information, networks, and complexity. To understand the growth of ecomies, 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 t all the same. For every Silicon Valley, Tokyo, and Paris, there are dozens of places with ecomies that accomplish little more than pulling rocks out of the ground. So, why does the US ecomy outstrip Brazil's, and Brazil's that of Chad? Why did the techlogy 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, ecomies become distributed computers, made of networks of people, and the problem of ecomic 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 ecomic growth. Situated at the nexus of information theory, physics, sociology, and ecomics, this book propounds a new theory of how ecomies can do t just more things, but more interesting things.
- Author BiographyCesar 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.
- Author(s)Cesar Hidalgo
- PublisherThe Perseus Books Group
- Date of Publication12/05/2015
- SubjectEconomics: Professional & General
- Place of PublicationNew York
- Country of PublicationUnited States
- ImprintBasic Books
- Content Noteillustrations
- Weight454 g
- Width165 mm
- Height241 mm
- Spine22 mm
- Format DetailsCloth over boards
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