Why Information Grows: The Evolution of Order, from Atoms to Economies
|Rating||:||4.23 (833 Votes)|
|Number of Pages||:||256 Pages|
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. 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. Whispers vanish in the wind just like the beauty of swirling cigarette smoke collapses into disorderly clouds. For every Silicon Valley, Tokyo, and Paris, there are dozens of places with economies that accomplish little more than pulling rocks off the ground. But thermodynamics also has loopholes that promote the growth of information in pockets. 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. Thermodynamics dictates that over time, order--or information--will disappear. 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.. By uncovering the mechanisms that enable the growth of information in nature and society, Why Information Grows
His book is full of nuggets, from memorable phrases to interesting metaphors.”EconomistWritten in an accessible and entertaining style. 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 LinkedEconomies are built out of information. Hidalgo makes a powerful case for the importance of creativity and imagination in our society's ability to make informationand economiesgrow.John Maeda, Par
A beautiful, readable introduction to how information grows through computation and how it shapes society César Hidalgo has written an important and ambitious book. His professional background in physics, network science, complex systems, and economics, as well as his personal experience in international travel, friendship, and fatherhood, gives him a unique perspective on the unifying theme across these diverse concerns: Information. "Why Information Grows" presents the relationship of energy, matter, and information in anecdotes, stories, and intuitive examples. Insights begin flowing right away: Like temperature and motion, infor. Santiago Ortiz said This is a wonderful book. The way it introduces information and entropy. This is a wonderful book. The way it introduces information and entropy is refreshing and clear. I don't think I ever read such an intuitive explanation of entropy, (at least a one that goes beyond entropy as disorder).It also provides an interesting and new perspectives of what economy is, and how to measure it. More than just being an alternative approach it's quite complementary, and specially convenient for the times we live in which we have a lot of data about all the data we have.Yes it's also a book about data,… and it do. Excellent work !!! D. osorio One of the most useful books on this topic. Well written, to the point, clear, relevant and I would dare to say visionary in terms of how to establish logical bridges between how information conglomerates and how this processes are at the centre of thhe architecture of knowledge today. I am convinced that Dr Hidalgo's seminal work is changing our approach to how we conceive, study and handle complexity in the world. Read my wordsNobel territory!!!!