Why Information Grows: The Evolution of Order, from Atoms to Economies
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About the Book
"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. "--
Book Details
ISBN-13: 9780465048991
EAN: 9780465048991
Publisher Date: 02/06/2015
Binding: Hardcover
Continuations: English
Dewey: 330.011
Illustration: Y
Language: English
MediaMail: Y
PrintOnDemand: N
Spine Width: 28 mm
Width: 127 mm
ISBN-10: 0465048994
Publisher: Basic Books
Acedemic Level: English
Book Type: English
Depth: 25
Height: 203 mm
Is LeadingArticle: Y
LCCN: 2015000882
No of Pages: 232
Series Title: English
Sub Title: The Evolution of Order, from Atoms to Economies