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

Book by George Gilder · 2 quotes · Economics, Economy, Order

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

“From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.”

“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.”