Economics

Center on Wealth & Poverty

Re-establishing GOP as party of freedom, opportunity

With the majority of American people holding Washington in low esteem bordering on disdain, November elections will hopefully provide a corrective. According to Gallup, CBS/New York Times, and ABC/Washington Post, more than 80 percent of Americans polled disapprove of the job that Congress is doing. The Republican Party that controls the House of Representatives has been labeled “the party of Read More ›

The Case for High-Information Trading

This article, published by The Wall Street Journal, quotes Discovery Institute Senior Fellow George Gilder: In “Knowledge and Power” (2013), technology guru George Gilder asks: “Why in the midst of an information age, when capital and data zip around the planet at the speed of light, do markets reach peaks of volatility resembling tulip auctions in 1690, when carrier pigeons Read More ›

GOP Needs To Rebrand Itself To Build A Lasting Majority

With the majority of American people holding Washington in low esteem bordering on disdain, November elections will hopefully provide a corrective. According to Gallup, CBS/New York Times and ABC/Washington Post, more than 80% of the American people polled disapprove of the job that Congress is doing, and the Republican Party that controls the House of Representatives has been labeled “the Read More ›

Book Review: ‘Knowledge and Power’ by George Gilder

This article, published in the Wall Street Journal, is a review of Discovery Institute Senior Fellow George Gilder’s book “Knowledge and Power”: Individuals like Ford and Jobs are key figures in the economic paradigm that George Gilder lays out in “Knowledge and Power.” He calls for an “information theory of capitalism” in which the economy is driven by a dynamic Read More ›

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George Gilder on Why capitalism works
Still image from Prager U video

Why Capitalism Works

Cultural depictions of capitalism are almost all negative. There’s the Monopoly guy with the top hat and cigar. There’s Gordon Gekko saying, “Greed is good.” And, most recently, there’s the hedonism of the “Wolf of Wall Street”. The message is clear: capitalism is selfish. Socialism, or something like it, is selfless. In fact, the opposite is true. Renowned social critic Read More ›

These 28 quotes may completely change your perspective on economics

This article, published by, contains quotes by Discovery Institute Senior Fellow George Gilder: The below quotes come from pioneering economist, futurist, venture-capitalist and Reagan’s most-quoted living author, to go along with numerous other titles and awards, George Gilder’s 2013 ”Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World.” The rest of the article can be found here.

ObamaCare Disaster May Deliver Mortal Blow To Liberalism

Although unexpected, the unraveling of the Affordable Care Act may deliver a mortal blow to liberalism. At the very least, it presents a momentous opportunity for a majority of the American people to recognize that dependence on unaccountable government bureaucracies is a loser’s wager. Since failure is often the best teacher, the ObamaCare fiasco may well catalyze a broad renaissance Read More ›

From Chaos to Order: Healthcare Reform in the Digital Age

Although unexpected, the unraveling of the Affordable Care Act—more commonly referred to as ObamaCare—may deliver a mortal blow to liberalism.  At the very least, it presents a momentous opportunity for a majority of American people to recognize that dependence on unaccountable government bureaucracies is a loser’s wager.  Since failure is often the best teacher, the ObamaCare fiasco may well catalyze Read More ›

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Downtown business district blue glass skyscrapers Background pattern. Toned photo
Downtown business district blue glass skyscrapers Background pattern. Toned photo

The Information Theory of Capitalism and How It Is Revolutionizing Our World

We are trained and educated to comprehend the operations of the universe in a materialistic way, where physical and chemical processes are assumed to be the deepest level of knowledge that can be acquired. George Gilder, in his new book Knowledge and Power, disputes that. Read More ›

Mark Zuckerberg, Philanthropist

Eighteen million shares of Facebook stock valued at $992,200,000: that was the size of Facebook founder Mark Zuckerberg’s donation to the Silicon Valley Community Foundation a few weeks ago. It was America’s biggest charitable gift of 2013. And it was the first time a philanthropist under the age of 30 led the Chronicle of Philanthropy’s annual top givers’ list. This follows a Read More ›