Cesar Hidalgo Famous Quotes
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This figuring-out step is crucial, since overly optimistic economic models have often assumed that demand and incentives are enough to stimulate the production of any product. Incentives work to motivate intermediaries and traders, but makers, who are the ones that provide the substance of what is traded, need more than an incentive to make something. They need to know how to do it.
The allocation of the best jobs, just like that of the best apartments, tends to piggyback social networks.
economy is the collective system by which humans make information grow.
Technologies that change society are technologies that change interactions between people
The economy of early hominids and that of twenty-first century society have enormous differences, but they do share one important feature: in both of these economies, humans accumulate information in objects. Our world is different from that of early hominids only in the way in which atoms are arranged.
In a physical system, information is the opposite of entropy, as it involves uncommon and highly correlated configurations that are difficult to arrive at.
In the U.S. there are two types of hipsters: those who know how to program and those who serve coffee.
Products augment us, and this is a great reason why we want them.
As the parts that made the Bugatti were pulled apart and twisted, the information that was embodied in the Bugatti was largely destroyed. This is another way of saying that the $2.5 million worth of value was stored not in the car's atoms but in the way those atoms were arranged.