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Wealth and Poverty (Ics Series in Self-Governance)

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Title: Wealth and Poverty (Ics Series in Self-Governance)
by George Gilder
ISBN: 1-55815-240-7
Publisher: Institute for Contemporary Studies
Pub. Date: June, 1993
Format: Paperback
Volumes: 1
List Price(USD): $19.95
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Average Customer Rating: 4.31 (16 reviews)

Customer Reviews

Rating: 4
Summary: compelling disertation of reality today
Comment: "The most important event in the recent history of ideas is the demise of the socialist dream," begins Gilder's masterful moral defense of supply-side economics. No one makes the case for capitalism as compellingly as Gilder, because he refuses to apologize for entrepreneurs.

Why don't those left-wing-extremists realise their paternal holier-than-thou attitudes are what really are responsible for anyone remaining in poverty. They that actually do "care", owe it to those they profess to care about to find out whether or not their cherished nostrums do anything more than make themselves feel better. Those that see the light become conservative. It's that simple. It's that complex. Enjoy the book!

Rating: 5
Summary: Gilder's providential faith
Comment: Most neoconservatives are Jewish, and the arguments have a style borrowed from Marxism; consider, for instance, the Cultural Contradictions of Capitalism, which pretty much sums up a certain brand of neoconservatism. Gilder, however, has his own, distinctly Christian arguments. Capitalism is for Gilder a festival in which you give and you shall receive. The entrepreneur who wagers his time, money, and respectability on an enterprise in which he could never know the outcome gives, and he is rewarded, and in hard cash. Not exactly what Jesus had in mind when he said "where your heart is, there your treasure lies," but there you go. It should also be said that Gilder fundamentally misunderstands the potlatch. The purpose of the potlatch, in which one tribe would in effect "trade" with another by providing a large meal and gifts (anticipating "gifts" in return), was not trade and the acquisitiveness but in fact the opposite: a display of an indifference to goods, through their destruction and wastage. Supply-side economics, by beginning from production and not demand, understands the true engine of growth is not government spending but the productivity of the entrepreneur. The counsel of Smith, that we should rely not on the charity but the interest of the butcher and the baker, is inverted by Gilder: the interest of the butcher and the baker is their charity. Gilder's providential faith consists of the spontaneous creativity of the entrepreneur in a predetermined harmony with Moore's law and supply side economics ("build it and they will come")whose ultimate incarnation is--Qualcomm. Who knew.

Rating: 3
Summary: Is it economics and morals? (Pat Padley's review)
Comment: Even though I have had to read this book for an Economic class, I actually got something out of it. From what I understand this has become an aditional way of learning about supply side economics, which is still very confusing. I have also read many of the other reviews and I agree that this could very well become a bible for Reaganomics. I guess the one question I would ask is if George Gilder also took an Adam Smith view to some things. It seemed like he kept focusing on the individual view point of things. The way he proposed ideas is that it sounded like he wanted us to look over not just the mathematics, but the whole human spectrum. This includes faith, history, technology, etc.
This book actually suprised me. I really didn't think I would enjoy it at all. Even though I was forced to read it for Econ, I'm glad I got to read this book. Gilder's as if moral views kept me interested.

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