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Knowledge and power : the information theory of capitalism and how it is revolutionizing our world / George Gilder.

by Gilder, George F., 1939-

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Regnery Publishing, Inc., [2013]

Information theory in economics -- United States.

Capitalism -- United States.

Entrepreneurship.

9781621570271 (hc.)

xvi, 348 pages ; 24 cm.

Includes bibliographic references (pages 295-330) and index.

The theory. The need for a new economics -- The signal in the noise -- The science of information -- Entropy economics -- Romney, Bain, and the curve of learning -- The extent of learning -- The light dawns -- Keynes eclipses information -- Fallacies of entropy and order -- Romer's recipes and their limits -- Mind over matter -- The crisis. The scandal of money -- The fecklessness of efficiency -- Regnorance -- California debauch -- Doing banking right -- The one percent -- The future. The black swans of investment -- The outsider trading scandal -- The explosive elasticities of freedom -- Flattening taxes -- The technology evolution myth -- Israel: InfoNation -- The knowledge horizon -- The power of giving.

An all-new paradigm-shifting theory of capitalism that will upturn conventional wisdom, just when our economy desperately needs a new direction. America's struggling economy needs a better philosophy than the college student's lament: "I can't be out of money, I still have checks in my checkbook!" We've tried a government spending spree, and we've learned it doesn't work. Now is the time to rededicate our country to the pursuit of free market capitalism, before we're buried under a mound of debt and unfunded entitlements. But how do we navigate between government spending that's too big to sustain and financial institutions that are "too big to fail?" George Gilder proposes a bold new theory on how capitalism produces wealth and how our economy can regain its vitality and its growth. Gilder breaks away from the supply-side model of economics to present a new economic paradigm: the epic conflict between the knowledge of entrepreneurs on one side, and the blunt power of government on the other. The knowledge of entrepreneurs, and their freedom to share and use that knowledge, are the sparks that light up the economy and set its gears in motion. The power of government to regulate, stifle, manipulate, subsidize or suppress knowledge and ideas is the inertia that slows those gears down, or keeps them from turning at all. George Gilder is a journalist, author and economic thinker who is credited with helping develop the supply-side economic theory.

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