Thinking Of Economies As Computers

Jun 29, 2015

You would not expect your first computer from years ago to be able to stream video.

Credit Basic Books

Likewise, it's perhaps unrealistic to expect developing countries to register economic growth by leaps and bounds. 

MIT associate professor César Hidalgo sees economies as akin to computers... information systems that process information at different speeds. 

He fleshes out the concept in his book Why Information Grows: The Evolution of Order, from Atoms to Economies.

We get our minds expanded as César visits the Exchange.