The collapsing microcosm of silicon and the exploding telecosm of connections form the matrix through which the new economy of ideas flows. Computer chips are becoming cheap and tiny enough to slip into every object we make. There are now 6 billion chips embedded in manufactured objects, 10 billion non-computer chips projected by 2005.

  The great benefits reaped by the new economy in coming decades will be due in large part to exploring and exploiting the power of decentralized and autonomous networks. With nano-scale chips embedded in manufactured goods, plants, animals, and able to communicate with other chips and sensors in environment, networks will have been created whose value will increase exponentially as embedded chips are added.  

  
  Knowledge reduces need for raw materials, labor, time, space, capital, and other inputs. Knowledge becomes the ultimate substitute- the central resource of an advanced economy. In such an economy, value of firms lies in capacity for acquiring, generating, distributing, and applying knowledge strategically and operationally. Knowledge industries are computers, electronics, biotechnology, finance, software, entertainment, media, advanced communications, medical services, consulting, training, and education.

  Wealth creation is increasingly dependent on exchange of data, information, and knowledge. New information technologies enable de-massified products, with electronic information becoming medium of exchange. Goods and services become systems, while de-massified work units with free-flow information systems enable  more organization units, resulting in more information generated and communicated.

  Knowledge becomes means of production, as innovators combine imaginative knowledge with action. Wealth creation is circular process with wastes recycled into inputs for next cycle of production, leading to computerized monitoring and ever-deeper levels of scientific and environmental knowledge. Producers and consumers become reunited in cycle of wealth creation, with consumer contributing money, market and design information vital for production process, sharing data, information, and knowledge. Such data, information, and knowledge are vital elements of high-tech economy.   

    
  Wealth is no longer stockpiled. Wealth has been reusable assets, becoming ultimate paper assets, money and certificates. Wealth is becoming ability to make connections for networks. Knowledge becomes most valuable, and wealth is increased when knowledge is shared. Vital knowledge is of technologies such as computers, electronics, biotechnology, software, communications, and medical services. Wealth was made recently by acquiring such vital knowledge and using such knowledge in employment, earning money to invest in profitable corporations. In emerging economy, wealth from corporations is transferred to networks of knowledge, with value of such networks increased through additions of connections.