Magazine November 1, 2021, Issue

Life after Capitalism

(Luba Myts)
The information theory of economics

Anyone determined to provide a “new economics” must haul a heavy burden of proof up a steep slope of professional resistance. At the summits of academic prestige, economics presents a Delphic façade of math and marble.

A still higher barrier faces anyone suggesting major modification to the entrenched system of reasonably free markets and economic incentives associated with “capitalism.” Within recent memory, exponents of free markets — myself included — were celebrating a triumphalist “end of history.” Even China’s “Communist Party” and “Middle Kingdom,” self-consciously central in the order of the universe, were thriving as a self-evidently capitalist regime. China’s entrepreneurs

To Read the Full Story

Something to Consider

If you valued reading this article, please consider joining our fight by donating to our Fall Webathon. Your contribution makes it possible for us to continue our mission of speaking truth and defending conservative principles.

If you valued reading this article, please consider joining our fight by donating to our Fall Webathon.

 

Support Our Mission
George Gilder — Mr. Gilder is a founder of the Discovery Institute, a venture capitalist, and the author of 15 books, including The Israel Test.

In This Issue

Articles

Features

Books, Arts & Manners

Sections

Recommended

The Latest