wealthWe begin with the proposition that capitalism is not chiefly an incentive system but an information system. We continue with the recognition, explained by the most powerful science of the epoch, that information itself is best defined as surprise—what we cannot predict rather than what we can. The key to economic growth is not acquisition of things by the pursuit of monetary rewards but the expansion of wealth through learning and discovery. The economy grows not by manipulating greed and fear through bribes and punishments but by accumulating surprising knowledge through the conduct of the falsifiable experiments of free enterprises. Crucial to this learning process is the possibility of failure and bankruptcy.

From Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World by George Gilder.

We hope you will join us in The Imaginative Conservative community. The Imaginative Conservative is an on-line journal for those who seek the True, the Good and the Beautiful. We address culture, liberal learning, politics, political economy, literature, the arts and the American Republic in the tradition of Russell Kirk, T.S. Eliot, Edmund Burke, Irving Babbitt, Wilhelm Roepke, Robert Nisbet, Richard Weaver, M.E. Bradford, Eric Voegelin, Christopher Dawson, Paul Elmer More and other leaders of Imaginative Conservatism. Some conservatives may look at the state of Western culture and the American Republic and see a huge dark cloud which seems ready to unleash a storm that may well wash away what we most treasure of our inherited ways. Others focus on the silver lining which may be found in the next generation of traditional conservatives who have been inspired by Dr. Kirk and his like. We hope that The Imaginative Conservative answers T.S. Eliot’s call to “redeem the time, redeem the dream.” The Imaginative Conservative offers to our families, our communities, and the Republic, a conservatism of hope, grace, charity, gratitude and prayer.

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