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Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

Book by George Gilder · 3 quotes · Economics, Economy, Order

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Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World Quotes

“The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.”

“In order to understand the movement of prices, you need not an oscilloscope to measure the entire market and reduce it to noise, but a microscope to investigate the creative process behind every company and its price.”