“Thirty years after the publication of Wealth and Poverty, shaken by a global financial fiasco, I find myself buckling down to engage once again these central themes of human life and economics.” – George Gilder
Earlier this week, CWPM chair George Gilder released an updated edition of his classic Wealth and Poverty. We are pleased to introduce Wealth and Poverty: A New Edition for the Twenty-First Century (Regnery Publishing), which includes an all-new foreword by Steve Forbes. It was the guidebook to the Reagan Recovery; now it’s updated to tackle today’s problems. “Capitalism,” Gilder writes, “was not simply a practical success . . . It is the supreme expression of human creativity and freedom.”
“Free markets are about the constant process of turning scarcities into abundances, making today’s luxuries into tomorrow’s commodities and necessities,” Steve Forbes writes in his foreword. “If you read Gilder, you will grasp that capitalism is about optimism, creativity, and the flowering of the positive impulses of human nature.”
When Ronald Reagan made George Gilder his most-quoted living author, Wealth and Poverty was an indispensable resource in his White House. Today, Wealth and Poverty is a must-read for anyone interested in building both a moral and practical defense of free enterprise.
“The key issue in economics is not aligning incentives with some putative public good but aligning knowledge with power,” Gilder writes in this new edition. His defense of capitalism expands beyond economic efficiency as he demonstrates how free markets create community and promote good in society.
In Wealth and Poverty, Gilder gives an account of the “heroic creativity of entrepreneurs,” who attest that capitalism is not a zero-sum game, but a system that allows human imagination, ingenuity, and talent to flourish. These entrepreneurs succeed not when they steal and exploit, but when they respond to what others want and need. Gilder clearly shows that the engine of growth is neither big government nor big banks, but the freedom of entrepreneurs to take risks, invest, and share knowledge.
George Gilder’s Wealth and Poverty: A New Edition for the Twenty-First Century is available today. Click one of the links below to read it now.