Is economic growth all about money, trade, and GDP, or are healthy economies built on a different foundation? In this episode, economist W. Brian Arthur and MIT physicist Cesar Hidalgo explain why human knowledge, knowhow, and innovation are the best measures of rising prosperity and future economic growth. nGuest BiosnW. Brian Arthur: Economist credited with developing the modern approach to increasing returns, and one of the pioneers of the science of complexity. Author of three books including The Nature of Technology: What it Is and How it Evolves. External Professor at the Santa Fe Institute. nCesar Hidalgo: Physicist, writer, and entrepreneur. Associate Professor at MIT, and Director of the Collective Learning group at the MIT Media Lab. Co-founder of Datawheel, a company that specializes in digital transformation solutions for governments and large companies. Author of Why Information Grows and co-author of The Atlas of Economic Complexity. nTwitter: @cesifotinFurther reading:nComplexity Economics: a different framework for economic thought: https://docs.google.com/viewer?url=http%3A%2F%2Ftuvalu.santafe.edu%2F~wbarthur%2FPapers%2FComp.Econ.SFI.pdfnEconomic Complexity: From useless to keystone: https://docs.google.com/viewer?url=https%3A%2F%2Fchidalgo.com%2Fs%2Fnphys4337.pdfnComplexity Economics Shows Us Why Laissez-Faire Economics Always Fails: http://evonomics.com/complexity-economics-shows-us-that-laissez-faire-fail-nickhanauer/
In nations around the world, people are protesting economic inequality and taking to the streets in political frustration. We said it here first: The pitchforks are coming. This week, Cesar Hidalgo joins Nick and Paul to discuss the unrest in Chile and explain how his political organizing app is helping protestors prioritize the policies they want government to address. nnThe texture piece is courtesy of Gustavo de la Piedra, a listener from Santiago, Chile. The news clips are sourced from the news station France 24.nnCesar Hidalgo is a Chilean-Spanish physicist, author, and entrepreneur. He currently holds an ANITI (Artificial and Natural Intelligence Toulouse Institute) Chair at the University of Toulouse, an Honorary Professorship at the University of Manchester, and a Visiting Professorship at Harvard’s School of Engineering and Applied Sciences. From 2010 to 2019, Hidalgo led MIT’s Collective Learning group. He is known for the creation of the field of Economic Complexity, which uses disaggregate data and network methods to explain and predict economic development dynamics, for his work on the creation of data visualization and distribution systems, and for advancing ideas on the use of Artificial Intelligence in democracy. nnTwitter: @cesifotinnFurther reading: nnThe pitchforks are coming… for us plutocrats: https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014nn‘Chile Woke Up’: Dictatorship’s Legacy of Inequality Triggers Mass Protests: https://www.nytimes.com/2019/11/03/world/americas/chile-protests.htmlnnGlobal protests share themes of economic anger and political hopelessness: https://www.washingtonpost.com/world/2019/10/25/global-wave-protests-share-themes-economic-anger-political-hopelessness/nnChile announces $5.5 billion economic recovery plan as protests bite: https://www.cnbc.com/2019/12/03/chile-announces-5point5-billion-economic-recovery-plan.html
It’s our 100th episode! To celebrate, we pulled together some of our favorite answers to the question we love to ask our guests: Why do you do this work? Plus, Nick answers the question too. We’re thankful this week for the thoughts shared by these inspiring people, and for YOU — thanks for listening to the show. We’re excited for the next 100.