George Gilder—a highly influential thinker and chair of Discovery Institute’s Center on Wealth, Poverty, and Morality—first championed the free market as a key architect of President Ronald Reagan’s “supply-side” economic policies of the 1980s. He received the White House Award for Entrepreneurial Excellence under President Reagan, and remains Reagan’s most frequently quoted living author. Over the years, Mr. Gilder has consistently demonstrated an instinct for foreseeing the impacts of new and emerging technologies—including the Internet and the high-tech economy to which it has given rise. His New York Times bestseller Wealth and Poverty—the powerful and timeless defense of capitalism for which he is best known—was recently updated and re-issued.
Now, in Knowledge and Power: The Information Theory of Capitalism and How It Is Revolutionizing Our World, Gilder synthesizes his analysis of technology and economics to build a new theory of capitalism. Gilder shows that the creative economy is not shaped by incentives, but by unpredictable surprises—information. This information shifts and expands the economy, driving growth in ways that could not possibly be foreseen. In Knowledge and Power, Gilder introduces his vision of an American economy revitalized by unobstructed entrepreneurship and the accumulation of knowledge through the power of free markets.