This striving to expand the options for satisfying the particular needs of individuals inevitably results in a shift toward value created through the exploitation of ideas and concepts -- or, more generally, information -- from the more straightforward utilization of physical resources and manual labor.
BIS Review 95/1997  -2-  Thus, it should come as no surprise that, over the past century, by far the largest part of the growth in America’s real gross domestic product is the result of new insights and, more broadly, new information about how to rearrange physical reality to achieve ever-higher standards of living.