Capitalism Quote by George Gilder
““We begin with the proposition that capitalism is not chiefly an incentive system but an information system. We continue with the recognition, explained by the most powerful science of the epoch, that information is best defined as surprised-what we cannot predict rather than what we can. The key to economic growth is not acquisition of things by the pursuit of monetary rewards but the expansion of wealth through learning and discovery.””
About This Quote
Source Book: "Wealth and Poverty" by George Gilder, 1981
Capitalism functions as an information system where surprise—unpredictable discoveries—drives growth more than monetary incentives.
In simple terms: Capitalism thrives on surprise and learning, not just money.
Key Takeaway
Foster environments that reward learning and discovery.
Themes
economics
information theory
innovation
growth
Mood
analytical
critical
Type
theoretical
analytical
When to use this quote
- business strategy
- education policy
- R&D management
- startup culture
Key Concepts
systems theory
behavioral economics
technology diffusion
Questions to Reflect On
- How can organizations balance surprise-driven innovation with reliable rewards?
- What role does predictability play in economic stability?
A Different Perspective
Overemphasis on surprise can ignore the need for stable incentives and resource allocation.
![“Neither Italian fascism nor German national "socialism" have anything in common with such a [Soviet socialistic] society, primarily because private ownership of factories, plants, lands, banks, means of transportation, etc., remain untouched there, and, therefore, capitalism in Germany and Italy…” quote by Joseph Stalin](https://sms4smile.com/quotes/img-quotes/411/joseph-stalin-1734_capitalism_neither-italian-fascism-nor-german-natio_1430.jpg)
