TY  - BOOK
AU  - Hidalgo,CeÌsar A.
TI  - Why information grows: the evolution of order, from atoms to economies 
SN  - 9780465048991 (hardcover)
AV  - HB133 .H53 2015
U1  - 330.01/154 23
PY  - 2015///]
CY  - New York
PB  - Basic Books
KW  - Information theory in economics
KW  - New products
KW  - Economic development
KW  - Knowledge, Theory of
KW  - Economic aspects
KW  - Physics
KW  - BUSINESS & ECONOMICS / Industries / General
KW  - bisacsh
N1  - Includes bibliographical references (pages 193-218) and index; Includes bibliographical references and index
N2  - "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 assumptions about 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. "--
ER  -