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The Invisible Hand and the Weightless Economy

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  • Danny Quah

Abstract

As modern economies grow, production and consumption shift towards economic value that reside in bits and bytes, and away from that embedded in atoms and molecules. This paper discusses the implications of such changes for the nature of ongoing growth in advanced economies and for the dynamics of earnings and income distributions - polarization, inequality - across people within societies.

Suggested Citation

  • Danny Quah, 1996. "The Invisible Hand and the Weightless Economy," CEP Occasional Papers 12, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepops:12
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    File URL: https://cep.lse.ac.uk/pubs/download/occasional/OP012.pdf
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    Cited by:

    1. Jones, Charles I., 2005. "Growth and Ideas," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 16, pages 1063-1111, Elsevier.
    2. Charles I. Jones, 2002. "Sources of U.S. Economic Growth in a World of Ideas," American Economic Review, American Economic Association, vol. 92(1), pages 220-239, March.
    3. Bowles, Samuel & Gintis, Herbert, 2004. "Persistent parochialism: trust and exclusion in ethnic networks," Journal of Economic Behavior & Organization, Elsevier, vol. 55(1), pages 1-23, September.
    4. Michael Dunford, 2003. "Theorizing Regional Economic Performance and the Changing Territorial Division of Labour," Regional Studies, Taylor & Francis Journals, vol. 37(8), pages 829-854.
    5. Klodt, Henning, 2001. "Die neue Ökonomie: Aufbruch und Umbruch," Open Access Publications from Kiel Institute for the World Economy 2575, Kiel Institute for the World Economy (IfW Kiel).
    6. Andrew Johnston & Robert Huggins, 2016. "The Spatio-Relational Nature of Urban Innovation Systems: Universities, Knowledge Intensive Business Service Firms, and Collaborative Networks," Journal of Urban Technology, Taylor & Francis Journals, vol. 23(1), pages 29-52, January.
    7. Lopez Cordova,Jose Ernesto, 2020. "Digital Platforms and the Demand for International Tourism Services," Policy Research Working Paper Series 9147, The World Bank.
    8. Klodt, Henning, 2001. "The Essence of the New Economy," Kiel Discussion Papers 375, Kiel Institute for the World Economy (IfW Kiel).
    9. Danny Quah, 1999. "The Weightless Economy in Economic Development," WIDER Working Paper Series wp-1999-155, World Institute for Development Economic Research (UNU-WIDER).
    10. Danny Quah, 1999. "The Weightless Economy in Economic Development," CEP Discussion Papers dp0417, Centre for Economic Performance, LSE.
    11. Diane Perrons & Sophia Skyers, 2003. "Empowerment Through Participation? Conceptual Explorations and A Case Study," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 27(2), pages 265-285, June.
    12. Quah, Danny, 1999. "The weightless economy in economic development," LSE Research Online Documents on Economics 2291, London School of Economics and Political Science, LSE Library.

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