Where does economic growth really come from? (with W. Brian Arthur and Cesar Hidalgo)

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/