Knowledge and Power: The Information Theory of Capitalism and How It Is Revolutionizing Our World by George Gilder (Regnery , $27.95)
"If policy becomes based on the recognition that capitalism is a system of creating new knowledge, our current malaise will quickly go away. The U.S. did this after World War II and again in the 1980s. It can do so once more, far faster than most observers think possible."
The heart of Gilder’s thesis is this: There is no limit to growth, now or in the future. New players will always emerge. Why? Because the real source of wealth is new knowledge, which can come only from experiments in which you risk failure and bankruptcy. We learn from failures, as well as successes. For example, Steve Jobs’ NeXT “Cube,” a personal computer, was a commercial flop in the 1990s, but its superb operating system is the core of the Apple Macintosh. As long as the quest for knowledge is not thwarted–as it increasingly has been in recent times through government regulation, taxation and money debasement–Schumpeter’s worries about how much an economy can expand over time will be groundless.
http://www.forbes.com/sites/steveforbes/2013/10/30/is-george-gilder-the-new-adam-smith/
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