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 xv
... Society, where henceforth any gains for the rich must be extracted from the poor and middle classes. William Sloane Coffin, the formidable Yale chaplain, was inveighing against capitalist orgies of greed and environmental devastation ...
... Society, where henceforth any gains for the rich must be extracted from the poor and middle classes. William Sloane Coffin, the formidable Yale chaplain, was inveighing against capitalist orgies of greed and environmental devastation ...
Page xxxv
... society, the people slip back into abject poverty. This is known as 'bad luck.'”2 President Obama confirmed the Heinlein view in a speech in Iowa: “We had reversed the recession, avoided depression, got the economy moving again, but ...
... society, the people slip back into abject poverty. This is known as 'bad luck.'”2 President Obama confirmed the Heinlein view in a speech in Iowa: “We had reversed the recession, avoided depression, got the economy moving again, but ...
Page xxxvi
... and pay taxes anywhere without breaking their ties to American society. As much as any business, governments must necessarily compete for their revenues. Because it is difficult to compare inflows among different countries xxxvi Prologue.
... and pay taxes anywhere without breaking their ties to American society. As much as any business, governments must necessarily compete for their revenues. Because it is difficult to compare inflows among different countries xxxvi Prologue.
Page 7
... society if they have no reason to believe it is also a just society?” nor a response to his answer, “I do not think so. My reading of history is that, in the same way as men cannot for long tolerate a sense of spiritual meaninglessness ...
... society if they have no reason to believe it is also a just society?” nor a response to his answer, “I do not think so. My reading of history is that, in the same way as men cannot for long tolerate a sense of spiritual meaninglessness ...
Page 8
... society is morally erosive. But they add a series of further charges that conservatives regard to be overwrought or misconceived, and they propose corrective programs that conservatives perceive as futile, wasteful, and often perverse ...
... society is morally erosive. But they add a series of further charges that conservatives regard to be overwrought or misconceived, and they propose corrective programs that conservatives perceive as futile, wasteful, and often perverse ...
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