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Intro to econ classes usually teach students to understand the economy as the combination of labor, capital, and land. But it might be more fruitful to think of the key players as atoms, energy, and information. So says Cesar Hidalgo, an MIT professor, statistical physicist by training, and author of “Why Information Grows: The Evolution of Order, from Atoms to Economies.”
In this episode, we discuss the book the Financial Times calls “the future of growth theory,” and discuss everything from economic development to America’s big tech firms to Friedrich Hayek.
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Learn more:
- Why economic policymakers need to think like physicists
- Pro-network economics is pro-growth economics: A review of ‘Why Information Grows’
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