Wealth & Poverty
A worldwide bestseller when first published in 1981, Gilder's classic was returned to print with a new introduction that reminds us how far we have come and how far we have to go. Centralized economic planning, he argues, has failed because it assumes wealth is tangible and limited. Capitalism recognizes the truth - that wealth is transitory, that its source is creativity, courage, and technological adventure. Without entrepreneurs, there is no wealth to distribute.
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American assets benefits bureaucracy capital gains capitalist chiefly companies consumer corporations costs create creativity credentials crucial debt decade decline demand discrimination earnings economists effect effort employment enterprise entrepreneurs Ethnic faith families favor federal firms future Galbraith George Gilder groups growing growth human idea impact income increase industrial inflation inflationary investment Irving Kristol John Kenneth Galbraith Jude Wanniski Keynes Keynesian labor Laffer Laffer curve less liberal lives ment middle class million mobility moral hazards nomic Paul Craig Roberts percent political poor poverty problem productivity profits programs progress progressive tax revenues rich rise risk Robert Haveman role savings Say's Law sector social society spending statistics supply tax cuts tax rates theory Thomas Sowell tion U.S. economy United Wall Street Journal wealth welfare culture women workers York