George Gilder on knowledge, power, and the economy

Technocracy is the concept that emerged early in the twentieth century that argues that government should be in the hands of nonideological and apolitical experts whose power derived from their knowledge. Technocracy was not primarily about wealth. It was about merit regardless of the rewards. Thus, tech billionaires and assistant professors held t

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In a world where's there's infinite capital, the real scarcity is actually trust

“The Global Economy as an Adaptive Process,” at seven pages and zero equations, is well worth a read. Holland recounts many, now familiar, difficulties in mathematical analysis of economics that assume linearity, exclusively negative feedback loops, equilibria, and so on, before proposing that the economy is best thought of as what he calls an adap

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