Why Information Grows

"Why Information Grows: The Evolution of Order, from Atoms to Economies" is a thought-provoking book that challenges traditional economic theories and explores the role of knowledge and information in the growth of economies. The author, Cesar Hidalgo, presents a unique perspective by bridging the fields of physics and economics, revealing the interconnectedness of energy, matter, and information. Readers with a background in economics will find this book to be a rewarding read, as it offers clear and original insights that go beyond the oversimplified market mechanics taught in traditional economics classes. Hidalgo takes concepts learned over the past several hundred years and presents them in a new light, shining a light on the fractal whole of our society. One of the strengths of the book is its emphasis on the importance of networks in the growth of knowledge. Hidalgo explains how networks can convert information into economic goods and provides new perspectives on what can be achieved through willed development and know-how. This aspect of the book is particularly relevant for the potential economic growth of Africa. However, it should be noted that "Why Information Grows" is not a light read. The book can be slightly abstract in parts, and readers may need to re-read certain sections to fully grasp the message and implications. Additionally, some readers may question the author's reliance on the definition of information from computer science and physics as the starting point for his arguments in economics. Overall, "Why Information Grows" offers an enticing and transformative perspective on the growth of economies and the role of knowledge. It is a book that challenges conventional economic thinking and provides valuable insights for those interested in understanding the complexities of economic development.