The fastest growing entity today is information. Information is expanding ten times faster than the growth of any other manufactured or natural product on this planet. According to a calculation Hal Varian, an economist at Google, and I made, world-wide information has been increasing at the rate of 66% per year for many decades. Compare that explosion to the rate of increase in even the most prolific manufactured stuff – like concrete, or paper -- which averages only 7% annually over decades.
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The number of scientific articles published each year has been increasing in a steady rise for more than 50 years. Over the last 150 years the number of patent applications has increased. By this rough metric, knowledge is growing exponentially.
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The fastest growing entity today is information. Information is expanding ten times faster than the growth of any other manufactured or natural product on this planet. According to a calculation Hal Varian, an economist at Google, and I made, world-wide information has been increasing at the rate of 66% per year for many decades. Compare that explosion to the rate of increase in even the most prolific manufactured stuff - like concrete, or paper -- which averages only 7% annually over decades.
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