Just when our economy desperately needs a new direction, Ronald Reagan’smost quoted living author—George Gilder—is back with an all-newparadigm-shifting theory of capitalism that will upturn conventional wisdom.
America’sstruggling 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 agovernment spending spree, and we’ve learned it doesn’t work. Now is the timeto rededicate our country to the pursuit of free-market capitalism, beforewe’re buried under a mound of debt and unfunded entitlements. But how do wenavigate between government spending that’s too big to sustain and financialinstitutions that are “too big to fail?” In Knowledge and Power, GeorgeGilder proposes a bold new theory on how capitalism produces wealth and how oureconomy can regain its vitality and growth.
Gilder breaks awayfrom the supply-side model of economics to present a new economic paradigm: theepic conflict between the knowledge of entrepreneurs on one side, the bluntpower of government on the other. The knowledge of entrepreneurs and theirfreedom to share and use that knowledge are the sparks that light up theeconomy and set its gears in motion. The power of government to regulate,stifle, manipulate, subsidize, or suppress knowledge and ideas is the inertiathat slows those gears down or keeps them from turning at all.
One of the twentieth century’s definingeconomic minds has returned with a new philosophy to carry us into thetwenty-first. Knowledge and Power is a must-read for fiscalconservatives, business owners, CEOs, investors, and anyone interested inpropelling America’s economy to future success.