Building the New Economy
- 474 pages
- 17 hours of reading
"This book proposes blockchain-based currencies, open algorithms, and data cooperatives as the foundation of a new economy that is decentralized, resilient, and secure"-- Provided by publisher




"This book proposes blockchain-based currencies, open algorithms, and data cooperatives as the foundation of a new economy that is decentralized, resilient, and secure"-- Provided by publisher
A landmark tour of the new science of "idea flow" outlines revolutionary insights into the mysteries of collective intelligence and social influence, explaining the virtually unlimited data sets of today's digital technologies and the considerable accuracy of information from social networks
How understanding the signaling within social networks can change the way we make decisions, work with others, and manage organizations.
From one of the world’s leading data scientists comes a landmark exploration of the new science of idea flow, revealing insights into collective intelligence and social influence. MIT’s Alex "Sandy" Pentland has conducted groundbreaking experiments that have laid the foundation for a new scientific field: social physics. He argues that humans, much like bees, are inherently social beings, with our actions and common sense shaped by our interactions within social groups. Social physics examines idea flow—the process by which social networks disseminate ideas and convert them into behaviors. With the vast amounts of data generated by smartphones and the Internet, we now have unprecedented insights into human activity. Traditional sociological methods have relied on limited data and self-reported behavior, which has constrained our understanding of social structures. Pentland reveals that humans respond more strongly to social incentives that foster community ties rather than purely self-interested motivations. His research demonstrates that by analyzing information exchange patterns within networks, we can predict their productivity and effectiveness. This knowledge allows us to enhance collective intelligence, improve performance, and navigate organizational changes for the greater good. Ultimately, this revolutionary perspective will transform our understanding of social dynamics and how to optimize them across various levels