You can forget about supply and demand. You can certainly forget about command and control. What really drives economics is information--and in Knowledge and Power bestselling author and economist George Gilder reveals how information theory, which unleashed a digital revolution, is revolutionizing economics.
Thirty years ago, in his classic Wealth and Poverty, Gilder blew up old theories of capitalism, put our understanding on a surer philosophical ground, and provided a primer for supply-side economics and the Reagan recovery from the stagflation of the 1970s.
Now in Knowledge and Power he documents how government has failed to keep up - can'y keep up - with the vast sources of information running through an economy. What drives economic growth is sudden, practically unexpected, entrepreneurial revolution. Gild3r shows how left to its own devices, an entrepreneurial economy will rescue itself, while massive government interventions only disrupt the information loop between the marketplace and the entrepreneurs who can turn recession into recovery.