At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard… — George Gilder Copy Share Image
“It removes information from the market when I need more and more...Indexing is a waste heap--information so merged and muffled that it hides knowledge… — George Gilder Copy Share Image
“An economics of systems only-an economics of markets but not of men-is fatally flawed.” — George Gilder Copy Share Image
If government could create jobs and raise children, socialism would have worked. — George Gilder Copy Share Image
Socialism is an insurance policy bought by all the members of a national economy to shield them from risk. But the result is to… — George Gilder Copy Share Image
“The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes-governments, monopolies,… — George Gilder Copy Share Image
A policy of subsidizing failures will end in an economy strewn with capital-guzzling industries long past their time of profitability - old companies that… — George Gilder Copy Share Image
“The index is retrospective. The crucial alpha, the entropy, the signal modulating that linear advance...comes from knowledge of the entrepreneurial surprises harbored on the… — George Gilder Copy Share Image
In order to understand the movement of prices, you need not an oscilloscope to measure the entire market and reduce it to noise, but… — George Gilder Copy Share Image
The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The… — George Gilder Copy Share Image
Nothing is more deadly to achievement than the belief that effort will not be rewarded, that the world is a bleak and discriminatory place… — George Gilder Copy Share Image
“An economy is a "noosphere" (a mind-based system), and it can revive as quickly as minds and policies can change.” — George Gilder Copy Share Image
“Obviously the most enduring way to make this commitment is through marriage. Yet because sexual liberals deny the differences between the sexes, their explanations… — George Gilder Copy Share Image
