Dataism and Its Influence on Modern Economic Thought



Number of words: 352

In the process, Dataism inverts the traditional pyramid of learning. Hitherto, data was seen as only the first step in a long chain of intellectual activity. Humans were supposed to distil data into information, information into knowledge, and knowledge into wisdom. However, Dataists believe that humans can no longer cope with the immense flows of data; hence they cannot distil data into information, let alone into knowledge or wisdom. The work of processing data should therefore be entrusted to electronic algorithms, whose capacity far exceeds that of the human brain. In practice, this means that Dataism are sceptical about human knowledge and wisdom, and prefer to put their trust in Big Data and computer algorithms.

Dataism is most firmly entrenched in its two mother disciplines: computer science and biology. Of

The two, biology is the more important. It was the biological embracement of Dataism that turned a

Limited breakthrough in computer science into a world-shattering cataclysm that may completely

Transform the very nature of life. You may not agree with the idea that organisms are algorithms, and

That giraffes, tomatoes and human beings are just different methods for processing data. But you should know that this is current scientific dogma, and that it is changing our world beyond recognition. Not only individual organisms are seen today as data-processing systems, but also entire societies such as beehives, bacteria colonies, forests and human cities. Economists increasingly interpret the economy, too, as a data-processing system. Laypeople believe that the economy consists of peasants growing wheat, workers manufacturing clothes, and customers buying bread and underpants. Yet experts see the economy as a mechanism for gathering data about desires and abilities, and turning this data into decisions. According to this view, free-market capitalism and state-controlled communism aren’t competing ideologies, ethical creeds or political institutions. At bottom, they are competing data-processing systems. Capitalism uses distributed processing, whereas communism relies on centralised processing. Capitalism processes data by directly connecting all producers and consumers to one another, and allowing them to exchange information freely and make decisions independently.

Excerpted from Page “429 – 430” ‘Homo Deus’ by Yuval Noah Harari

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