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Unlike an inexorable, Newtonian great machine, the economy is not a closed system.

George Gilder

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George Gilder
Age: 84
Born: 1939
Born: November 29
Economist
Philosopher
Writer
New York City
New York
Machines
System
Economy
Newtonian
Great
Inexorable
Unlike
Closed
Machine

More quotes by George Gilder

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Real poverty is less a state of income than a state of mind.
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In embracing change, entrepreneurs ensure social and economic stability.
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Entrepreneurial creation is the generation, de novo, of novelty and surprise- freedom of choice originating in the world of ideas, and imagination beyond all concern with chemicals. The contrary view- that all ideas are determined by material relationships- is the materialist superstition.
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People cannot be expected to learn one expertise and just apply it routinely in a job. Your expertise is in steadily renewing your knowledge base and extending it to new areas. That lifelong cycle of learning really is the foundation of the new information organization and economy.
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Entropy is Janus-faced. Its upside surprises are redemptive and favorable to freedom. It is freedom of choice. But the carrier itself requires constant vigilance against entropic noise. Order is not spontaneous, but it is a necessary condition for all the surprises of freedom and opportunity.
George Gilder
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A design isn't finished until somebody is using it. Brenda Laurel Intelligent design itself does not have any content.
George Gilder
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Intelligent design itself does not have any content.
George Gilder
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At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world. Because knowledge is dispersed, power must be as well.
George Gilder
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Wealth usually comes from doing what other people find insufferably boring.
George Gilder
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The United States is probably the most [socially] mobile society in the history of the world. The virtues that are most valuable in it are diligence, discipline, ambition, and a willingness to take risks. Education and credentials are most important in government elsewhere most skills are learned on the job.
George Gilder
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The central event of the twentieth century is the overthrow of matter. ...The powers of the mind are everywhere ascendant over the brute force of things.
George Gilder
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Entrepreneurial knowledge has little to do with certified expertise, advanced degrees, or the learning of establishment schools. The fashionably educated and cultivated spurn the kind of fanatically focused learning commanded by the innovators. Wealth all too often comes from doing what other people consider insufferably boring or unendurably hard.
George Gilder
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Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and power to consummate their entrepreneurial ideas.
George Gilder
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Entrepreneurship is the launching of surprises.
George Gilder
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A fundamental principle of information theory is that you can’t guarantee outcomes… in order for an experiment to yield knowledge, it has to be able to fail. If you have guaranteed experiments, you have zero knowledge
George Gilder
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The rates of taxation climb and the levels of capital decline, until the only remaining wealth beyond the reach of the regime is the very protein of human flesh, and that too is finally taxed, bound, and gagged, and brought to the colossal temple of the state - a final sacrifice of carnal revenue to feed the declining elite.
George Gilder
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The envy of excellence leads to perdition the love of it leads to the light.
George Gilder
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All small returns are noise. To transcend the noise and the risk, seek outsized returns from technological paradigms.
George Gilder
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Nothing is more deadly to achievement than the belief that effort will not be rewarded, that the world is a bleak and discriminatory place in which only the predatory and the specially preferred can get ahead.
George Gilder
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Surely women's liberation is a most unpromising panacea. But the movement is working politically, because our sexuality is so confused, our masculinity so uncertain, and our families so beleaguered that no one knows what they are for or how they are sustained.
George Gilder