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It adds to human capital, which we can't quantify as of now. I'm not sure if we'll ever find a good proxy for how much information is worth as it is an extreme
by roymurdock 11y ago
It adds to human capital, which we can't quantify as of now.
I'm not sure if we'll ever find a good proxy for how much information is worth as it is an extremely heterogeneous, intangible input that goes through a complex, unstructured, and not-fully-understood process (the human brain) in order to create value in the world that we can measure using money as a proxy - a company's revenue, for instance.