Why Information Grows

The Evolution of Order, from Atoms to Economies

By: César Hidalgo

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eBook | 4 June 2015

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In Why Information Grows, rising star Cesar Hidalgo offers a radical interpretation of global economics

While economists often turn to measures like GDP or per-capita income, Cesar Hidalgo turns to information theory to explain the success or failure of a country's economic performance. Through a radical rethinking of what the economy is, Hidalgo shows that natural constraints in our ability to accumulate knowledge, knowhow and information explain the evolution of social and economic complexity. This is a rare tour de force, linking economics, sociology, physics, biology and information theory, to explain the evolution of social and economic systems as a consequence of the physical embodiment of information in a world where knowledge is quite literally power.

Cesar Hidalgo leads the Macro Connections group at the MIT Media Lab. A trained statistical physicist and an expert on Networks and Complex Systems, he also has extensive experience in the field of economic development and has pioneered research on how big data impacts economic decision-making.