- Hardcover: 256 pages
- Publisher: Regnery Publishing; New, Revised edition (August 21, 2012)
- Language: English
- ISBN-10: 1596988096
- ISBN-13: 978-1596988095
- Product Dimensions: 6 x 1.6 x 9 inches
- Shipping Weight: 1.6 pounds (View shipping rates and policies)
- Average Customer Review: 54 customer reviews
- Amazon Best Sellers Rank: #258,995 in Books (See Top 100 in Books)
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Wealth and Poverty: A New Edition for the Twenty-First Century Hardcover – August 21, 2012
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From the Inside Flap
When George Gilder first published Wealth & Poverty in 1981, the book was an instant classic, becoming the economics bible of the unfolding Reagan revolution. Not since the Gilded Age of the late 1800’s has anyone advanced so enthusiastic an endorsement of capitalism and capitalists,” observed the New York Times.
Now, amid the Obama administration’s redistributionist zeal, industrial planning schemes, vandalistic energy policies, demonization of wealth-creating entrepreneurs, and Keynesian spending programs, Gilder returns to the fray with an updated edition of his famous tome.
Thirty years after his paean to free enterprise shocked the Washington establishment, have the collapse of Enron, the economic meltdown of 2008, the advent of the Occupy Wall Street movement, and other events caused Gilder to reassess his devotion to capitalism? In a way, they have. As Gilder states in this edition, It is clear that we, the original supply siders, bear some responsibility for the failure to persuade. All these years later, it has become clear that we were not radical enough.”
Dissatisfied with half-hearted defenses of capitalism as the least bad system available, Wealth & Poverty passionately extols the morality, compassion, and efficacy of free enterprise. Buoyed by the collapse of communism but disturbed by the return of socialism under new guises, Gilder argues in a new prologue and epilogue that the solution to America’s current economic troubles cannot be found in warmed-over socialism, but in the generosity and economic vitality that can only be unleashed by the free market.
As President Obama’s policies lend Gilder’s arguments a shocking new relevancy, Gilder reminds us why the New Yorker called him a scourge of feminists, unrepentant supply-sider, and now a technology prophet.” Featuring a new foreword by Steve Forbes, this edition of Wealth & Poverty informs us that free enterprise is the core of freedomand that nations which forget or ignore that historical lesson will not and cannot prosper.
From the Back Cover
The United States over the last decade has witnessed a classic confrontation between the forces of entrepreneurial capitalism and those of established institutions claiming a higher virtue, expertise, and political standing. One side subsists on unforced profits of enterprise; the other on rents and tolls and privileges at the Treasury, the Federal Reserve, and the White House.
&hellp;The wealth of America is not an inventory of goods; it is an organic living entity, a fragile pulsing fabric of ideas, expectations, loyalties, moral commitments, and visions. To vivisect it for redistribution is to kill it. As President Mitterands French technocrats discovered in the 1980s, and President Obamas quixotic American ecocrats are discovering today, government managers of complex systems of wealth soon find they are administering an industrial corpse, a socialized Solyndra.
Top customer reviews
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The wealthy also invest in places to assure that their fortunes will not be destroyed by government efforts to create inflation in order to reduce the real cost of deficit spending. I personally note that Ted Turner, founder of Turner Broadcasting (now CNN) invested his money in property, and owns motre than 2 million acres of land! Similarly, Jeff Bezos very recently purchased 250,000 acres of land.
I feel I am criticizing a great person but that is not my intent. George Gilder is a hero as his insight changed many to understand not just economics but the future. I have worn out at least three copies of the original Wealth and Poverty but learned a lot in this new edition. This is a great book by a great American. Buy it and study it.