Capitalism is an Information and Learning System

Event Markets and Finance
Event Markets and Finance

November 15, 2018 Capitalism is an Information and Learning System

Thursday, Nov 15, 2018

11:00 am - 12:00 pm

The Heritage Foundation

214 Massachusetts Ave NE
Washington, DC


George Gilder

Senior Fellow, Discovery Institute


Many free market advocates view capitalism as a system as dominated by incentives, with economic agents treated as inhabitants of a Skinner box driven by rewards and punishments. But, in fact, capitalism is an information and learning system governed by information as entrepreneurial surprise. Wealth is knowledge; growth is learning; money is real and reflects the abiding scarcity of time. The source of all progress is human creativity, which always comes as a surprise to us, joining information and enterprise.

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