Wealth and Poverty: A New Edition for the Twenty-First CenturyA CLASSIC THAT WILL IGNITE THE NEXT ECONOMIC REVOLUTION Hailed as “the guide to capitalism,” the New York Times bestseller Wealth and Poverty by George F. Gilder is one of the most famous economic books of all time and has sold more than one million copies since its first release. In this influential classic, Gilder explains and makes the case for supply-side economics, proves the moral superiority of free-market capitalism, and shows why supply-side economics are more effective at decreasing poverty than government-regulated markets. Now, in this new and completely updated edition of Wealth and Poverty, Gilder compares America’s current economic challenges with her past economic problems–particularly those of the late 1970s–and explains why Obama’s big-government, redistributive policies are doing more harm than good for the poor. Making the case that supply-side economics and free market policies are–and always will be–the answer to decreasing America’s poverty rate and increasing her prosperity, Wealth & Poverty offers solutions to America’s current economic problems and hope to those who fear that our best days are behind us. |
From inside the book
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Page xxii
... grow because they award wealth to its creators, who have already proven that they can increase it. The tests of enterprise yield knowledge because business plans are falsifiable; they can be exposed as wrong, as businesses are subject ...
... grow because they award wealth to its creators, who have already proven that they can increase it. The tests of enterprise yield knowledge because business plans are falsifiable; they can be exposed as wrong, as businesses are subject ...
Page xxix
... growing population. So, they say, don't knock it. This usual case for capitalism concedes that greed may drive Angelo Mozilla of Country Wide Financial or the egregious Bernie Madoff to criminal behavior. But, runs the argument, greed ...
... growing population. So, they say, don't knock it. This usual case for capitalism concedes that greed may drive Angelo Mozilla of Country Wide Financial or the egregious Bernie Madoff to criminal behavior. But, runs the argument, greed ...
Page xxx
... grow only if its profits are joined with entrepreneurial knowledge. In general, wealth can increase only if the people who create it control it. Divorce the financial profits from the learning process and the economy stagnates. Like a ...
... grow only if its profits are joined with entrepreneurial knowledge. In general, wealth can increase only if the people who create it control it. Divorce the financial profits from the learning process and the economy stagnates. Like a ...
Page xxxii
... grow in value. But if you put Harry Homeless in charge of Google—or if as Harry's compassionate proxy you put a government bureaucrat in charge—within minutes the company would be worth a giggly half its former value. As other firms ...
... grow in value. But if you put Harry Homeless in charge of Google—or if as Harry's compassionate proxy you put a government bureaucrat in charge—within minutes the company would be worth a giggly half its former value. As other firms ...
Page xxxiii
... grow less rapidly than if you give owners the real control. A manager of Google might benefit from stealing from it or turning it into his own cushy preserve, making self-indulgent “investments” in company planes and playgrounds and ...
... grow less rapidly than if you give owners the real control. A manager of Google might benefit from stealing from it or turning it into his own cushy preserve, making self-indulgent “investments” in company planes and playgrounds and ...
Contents
1 | |
3 | |
11 | |
The Returns ofGiving | 51 |
The Nature ofWealth | 111 |
The Clashes ofClass | 125 |
The WaragainstWealth | 139 |
The Moral Hazards ofLiberalism | 149 |
The Inflationary State | 259 |
The Productivity ofServices | 283 |
CHAPTER NINETEENzThe Kinetic Economy | 319 |
The Bullheaded Brewer | 335 |
The Necessity for Faith | 351 |
The SupplySide Solution | 365 |
ACKNOWLEDGMENTS | 381 |
NOTES | 387 |
The Coming Welfare Boom | 161 |
CHAPTER THIRTEENzThe Jobs Perplex | 195 |
The MakeWorkIIIusion | 211 |
Laffer and Liberal Economics | 233 |
SELECTED BIBLIOGRAPHY | 419 |
INDEX | 433 |
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Common terms and phrases
American American upper class Arthur Laffer assets benefits Boston Herald American bureaucracy capital gains capitalist chiefly companies competition consumer corporations costs create creativity credentials crucial culture debt decline demand depends earnings economists economy effect effort employment enterprise entrepreneurs ethnic expanding fact faith families favor federal firms future Galbraith gifts giving groups growing growth human ideas income increase industrial inflation innovation investment Irving Kristol John Kenneth Galbraith Jude Wanniski Keynes Keynesian labor Laffer curve less liberal lives ment middle class million moral hazards nomic percent political poor poverty problem productive profits programs progress progressive tax rich rise risk role savings Say’s Law sector social socialist society spending statistics supply supply-side supply-side economics tax rates tend theory Thomas Sowell tion United wealth welfare women workers York