John Cochrane is not the first person to think of the economy as the transfer, flow and storage of knowledge. See this book: https://www.amazon.com/Why-Inform

John Cochrane is not the first person to think of the economy as the transfer, flow and storage of knowledge. See this book: https://www.amazon.com/Why-Information-Grows-Evolution-Economies/dp/0465096840/ref=sr_1_2?crid=1LS770SW1DIRV&keywords=how+information+grows&qid=1558025956&s=gateway&sprefix=How+inform%2Caps%2C191&sr=8-2 https://www.amazon.com/Why-Information-Grows-Evolution-Econo... The author of this book not only thinks about the economy in terms of knowledge but he relates it to information theory and entropy.