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Why Information Grows
255 pages, 2017
science & nature
1064 books
economics & politics
987 books
technology
392 booksCesar Hidalgo argues that we should investigate what makes some countries more capable than others. He believes that we should investigate what makes some countries more capable than others by measuring a country’s ability to make complex products.
To do this, he implements a new rubric for economic growth that combines the seemingly disparate fields of economic development and physics. 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.
In 'Why Information Grows', Cesar Hidalgo explores the concept of how information evolves and grows. He suggests that the growth of information is not just about the accumulation of data, but also about the development of new ideas and knowledge. This is a key takeaway because it changes the way we think about information growth.
Hidalgo digs into the importance of networks in the growth of information. He explains that networks, whether they are social or technological, play a crucial role in the dissemination and growth of information. This is a fascinating insight that can change how we view the spread of information in our society.
One of the key points Hidalgo makes in 'Why Information Grows' is the importance of economic complexity. He argues that countries with more complex economies are better at creating and spreading information. This is a crucial takeaway for anyone interested in economics or business.
Hidalgo introduces the concept of 'personbytes', which he defines as the maximum amount of information that a person can carry. He suggests that this limit is what drives the need for networks and complex systems. This is a unique concept that can change the way we think about our own capacity for information.
In his research, Hidalgo emphasizes the power of collective learning. He argues that when we learn together, we can create and spread information more effectively. This is a powerful takeaway for anyone interested in education or team dynamics.
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A fresh and exciting perspective on the intricate relationship between information and the growth of societies. A must-read for anyone interested in understanding the dynamics of our digital age.
Bill Gates - Microsoft Co-founderHidalgo's work brilliantly spotlights the importance of information in the development of societies and economies, making it a must-read for anyone interested in the future of our world.
Tim O'Reilly - O'Reilly Media Founder