capitalism

Pope Francis’ Confused Message on the Economy

Writing for Fox News, CWPM Senior Fellow Jay Richards points out that though Pope Francis demonstrates sincere concern for the poor, he has failed to recognize how economic freedom has greatly reduced poverty across the globe. Indeed, thanks to the expansion of free trade, extreme poverty has been cut in half since 1990. Read more as Dr. Richards discusses why Pope Francis needs to clarify his message to distinguish his criticism of corporatist cronyism from a criticism of economies that are founded on rule of law, property rights, and economic freedom.

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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 ›

How do we Spur Innovation & Job Creation? George Gilder, author of Knowledge & Power

How do we Spur Innovation and Job Creation? George Gilder, author of Knowledge & Power

In this short clip, bestselling author and famed economist George Gilder answers your questions about how to spur job creation and innovation, both of which have been headline questions in America’s economic arena for years. In his new book Knowledge and Power: The Information Theory of Capitalism and How It Is Revolutionizing Our World, Gilder synthesizes his analysis of technology Read More ›

Why Are You Hopeful for America? George Gilder author of Knowledge & Power

Why Are You Hopeful for America?

In this short clip bestselling author and influential thinker George Gilder discusses why he is hopeful for America, her future economy, and her place in the world market. In his new book 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 Read More ›

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Home For Sale Sign in Front of New House
Licensed from Adobe Stock

Understanding Capitalism and Fading College Affordability

Just a generation after capitalism triumphed with the collapse of the Soviet socialist system, a recent Pew poll reports that 49 percent of Americans 18-29 years old have a positive view of socialism while only 46 percent have positive views of capitalism. The ambivalence toward capitalism is due in part to the influence of the information and entertainment class — Read More ›

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Make a Wish
Photo by Erik Brolin at Unsplash

Surprise and Creativity

Why in the world do we need yet another “new” economics? Jamming the libraries and the bookstores of the world are avatars of what must be every variation on the great themes of market and managerial economics. Scores of Nobel Prizes have been awarded for various nugatory refinements of the prevailing ideas. All these schemes, however, fail to answer the Read More ›

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Forex candlestick pattern. Trading chart concept. Financial market chart. Human head silhouette. 3D rendering
Image Credit: JEGAS RA - Adobe Stock

Information, the Entrepreneur, and George Gilder’s New Economic Thinking

Gilder draws on information theory, as developed by the famed mathematician Claude Shannon and others, as a central metaphor for the economy. In Gilder's rendition, information consists of striking surprises conveyed over a quiet, stable channel. Gilder then adapts this metaphor to economic phenomena, including entrepreneurship, finance, the role of government, and income redistribution. Read More ›

Is Capitalism Based on Greed – George Gilder author of Knowledge and Power

In this short clip bestselling author and influential thinker George Gilder looks at whether or not Capitalism is based on greed. In his new book 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. Read More ›

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Book cover of Knowledge and Power by George Gilder

Knowledge and Power

Ronald Reagan’s most-quoted living author — George Gilder — is back with 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 Read More ›

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Businesspeople competing with bicycles and running in the city
Image Credit: Melinda Nagy - Adobe Stock

Is Capitalism a Form of Social Darwinism?

On this episode of the Discovery Institute Podcast, host David Boze interviews Dr. Richard Weikart about the concept behind a loaded term that President Obama recently used to declaim Rep. Paul Ryan's budget proposal — "Social Darwinism." Read More ›