George Gilder

George Franklin Gilder (/ˈɡɪldər/; born November 29, 1939) is an American investor, author, economist, techno-utopian advocate, and co-founder of the Discovery Institute. His 1981 international bestseller, Wealth and Poverty, advanced a case for supply-side economics and capitalism during the early months of the Reagan administration.

George Gilder
Gilder in 2005
Born
George Franklin Gilder[1]

(1939-11-29) November 29, 1939
New York City, New York, U.S.
EducationPhillips Exeter Academy
Alma materHarvard University
OccupationAuthor, editor-in-chief of Gilder Technology Report
Chairman, Gilder Publishing LLC
Senior Fellow Discovery Institute
Military career
Allegiance United States of America
Service/branch U.S. Marine Corps

He is married to Nini Gilder and has four children. He is also the chairman of George Gilder Fund Management, LLC.

Early years

Gilder was born in New York City and raised in New York and Massachusetts.[2] He is a great-grandson of designer Louis Comfort Tiffany.[3] His father, Richard Watson Gilder, was killed flying in the United States Army Air Forces in World War II when Gilder was two years old.

He spent most of his childhood with his mother, Anne Spring (Alsop), and his stepfather, Gilder Palmer, on a dairy farm in Tyringham, Massachusetts. Gilder, a college roommate of his father, was deeply involved with his upbringing.[4]

Education

Gilder attended Hamilton School in New York City, Phillips Exeter Academy, and Harvard University, graduating in 1962.[4] He later returned to Harvard as a fellow at the Harvard Institute of Politics, and edited the Ripon Forum, the newspaper of the liberal Republican Ripon Society.

Marine Corps

Gilder served in the United States Marine Corps.[5]

Career

Speechwriting

In the 1960s Gilder served as a speechwriter for several prominent officials and candidates, including Nelson Rockefeller, George W. Romney, and Richard Nixon. He worked as a spokesman for the liberal Republican Senator Charles Mathias, as antiwar protesters surrounded the capital; some eventually scared Gilder out of his apartment. Gilder moved to Harvard Square the following year, and he became a writer who modeled himself after Joan Didion.

With his college roommate, Bruce Chapman, he wrote an attack on the anti-intellectual policies of the 1964 Republican presidential candidate Barry Goldwater, The Party That Lost Its Head (1966). He later recanted this attack: "The far Right — the same men I dismissed as extremists in my youth — turned out to know far more than I did. At least the 'right-wing extremists', as I confidently called them, were right on almost every major policy issue from welfare to Vietnam to Keynesian economics and defense — while I, in my Neo-Conservative sophistication, was nearly always wrong."[6]

Supply-side economics

Supply-side economics was formulated in the mid-1970s by Jude Wanniski and Robert L. Bartley at The Wall Street Journal as a counterweight to the reigning "demand-side" Keynesian economics. At the center of the concept was the Laffer curve, the idea that high tax rates reduce government revenue. Its opponents often refer to it as "trickle-down economics". Inspired by Wanniski and by the works of free-market economists like Murray Rothbard, Ludwig von Mises, Milton Friedman and Friedrich Hayek and novelist Ayn Rand,[7] Gilder wrote a book extending the ideas of his Visible Man (1978) into the realm of economics, to balance his theory of poverty with a theory of wealth.[8] The book, published as the best-selling Wealth and Poverty in 1981, communicated the ideas of supply-side economics to a wide audience in the United States and the world.[9]

Gilder also contributed to the development of supply-side economics when he served as Chairman of the Lehrman Institute's Economic Roundtable, as Program Director for the Manhattan Institute, and as a frequent contributor to Laffer's economic reports and the editorial page of The Wall Street Journal.[10]

Technology

In the 1990s, he became an enthusiastic evangelist of technology and the Internet. He uncovered emerging trends in several books and his newsletter, the Gilder Technology Report.[11]

The first mention of the word "Digerati" on USENET occurred in 1992 and referred to an article by Gilder in Upside magazine. His other books include Life After Television, a 1990 book that predicted microchip "telecomputers" connected by fiberoptic cable would make broadcast-model television obsolete. The book was also notable for being published by the Federal Express company and featuring full-page advertisements for that company on every fifth page.[12]

Gilder wrote the books Microcosm, about Carver Mead and the CMOS microchip revolution; Telecosm, about the promise of fiber optics; and his latest, The Silicon Eye, about the Foveon X3 sensor, a digital camera imager chip. The book cover of the Silicon Eye reads, "How a Silicon Valley Company Aims to Make All Current Computers, Cameras, and Cell Phones Obsolete." The Foveon sensor has not achieved this goal and has not yet been used in cell phones.

Gilder is an active investor in private companies and serves as the chairman of the advisory board in Israel-based ASOCS that he discovered during his research for Israel Test.[13]

On women and feminism

In the early 1970s, Gilder wrote an article in the Ripon Forum defending President Richard Nixon's veto of a day-care bill sponsored by Senator Walter Mondale (D-Minnesota) and Senator Jacob Javits (R-New York). He was fired as editor as a result.[4] To defend himself, he appeared on Firing Line.

Gilder moved to New Orleans and worked in the mornings for Ben Toledano, Republican candidate for the United States Senate in 1972 and the party's nominee for mayor of New Orleans in 1970. Also, he wrote Sexual Suicide (1973), revised and reissued as Men and Marriage (1986). The book achieved a succès de scandale and Time made Gilder "Male Chauvinist Pig of the Year."[4]

Support for immigration

Gilder has praised mass immigration as an economic boon in both the US and Israel. Although Gilder's support for mass immigration is framed by high tech hubs such as Silicon Valley's need for computer programmers, he sees recent American immigration policy as being vital to American prosperity overall.[14]

The American Spectator

Gilder bought the conservative political monthly magazine The American Spectator from its founder, Emmett Tyrrell, in the summer of 2000, switching the magazine's focus from politics to technology.[15]

Experiencing his own financial problems in 2002,[16] Gilder sold the Spectator back to Tyrrell.[17]

Speaking engagements and editorial contributions

For nearly thirty years, he has lectured internationally on economics, technology, education, and social theory. He has addressed audiences from Washington, DC, to the Vatican, and he has appeared at numerous conferences, public policy events, and media outlets.[18]

Wealth and Poverty

After completing Visible Man in the late 1970s Gilder began writing "The Pursuit of Poverty." In early 1981 Basic Books published the result as Wealth and Poverty. It was an analysis of the roots of economic growth. Reviewing it within a month of the inauguration of the Reagan Administration The New York Times reviewer called it "A Guide to Capitalism". It offered, he wrote, "a creed for capitalism worthy of intelligent people."[19] The book was a The New York Times bestseller[20] and eventually sold over a million copies.[21]

In Wealth and Poverty Gilder extended the sociological and anthropological analysis of his early books in which he had advocated for the socialization of men into service to women through work and marriage. He wove these sociological themes into the economic policy prescriptions of supply-side economics. In his eyes the breakup of the nuclear family and the policies of demand-side economics led to poverty, while family and supply-side policies led to wealth.

In reviewing the problems of the immediate past—the inflation, recession, and urban problems of the 1970s—and proposing his supply-side solutions, Gilder argued not just the practical but the moral superiority of supply-side capitalism over the alternatives. "Capitalism begins with giving," he asserted, while New Deal liberalism created moral hazard. It was work, family, and faith that created wealth out of poverty. "It is this supply-side moral vision that underlies all the economic arguments of Wealth and Poverty," he wrote.[22]

In 1994 Gilder wrote that the poor in America are “ruined by the overflow of American prosperity” and “moral decay” and that they are in need of "Christian teaching from the churches."[23]

Intelligent design

He helped found the Discovery Institute with Bruce Chapman. The organization started as a moderate group that aimed to privatize and modernize Seattle's transit systems. It later became the leading thinktank of the pseudoscientific intelligent design movement, with Gilder writing many articles for intelligent design and against the theory of evolution.[24][25]

Publications

Books
  • The Party That Lost Its Head Alfred A. Knopf; 1st edition (1966). With Bruce Chapman.
  • Sexual Suicide (1973)
  • Naked Nomads: Unmarried Men in America (1974)
  • Visible Man: A True Story of Post-Racist America (1978)
  • Wealth and Poverty (1981)
  • Men and Marriage (1986)
  • The Spirit of Enterprise (1986)
  • Microcosm: The Quantum Revolution In Economics And Technology (1989)
  • Life After Television (1990)
  • Recapturing the Spirit of Enterprise (1992)
  • The Meaning of the Microcosm (1997)
  • Telecosm: The World After Bandwidth Abundance (2000)
  • The Silicon Eye: How a Silicon Valley Company Aims to Make All Current Computers, Cameras, and Cell Phones Obsolete (2005)
  • The Silicon Eye: Microchip Swashbucklers and the Future of High-Tech Innovation (2006)
  • The Israel Test (2009)
  • Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World (2013)
  • The Scandal of Money (2016)
  • Life after Google: The Fall of Big Data and the Rise of the Blockchain Economy (2018)
  • Gaming AI: Why AI Can't Think but Can Transform Jobs (2020)

Contributions by Gilder
  • Gilder, George (2002). "Computer Industry". In David R. Henderson (ed.). Concise Encyclopedia of Economics (1st ed.). Library of Economics and Liberty. OCLC 317650570, 50016270, 163149563

Notes
  1. Roberts, Gary Boyd; Reitwiesner, William Addams (June 24, 1984). American ancestors and cousins of the Princess of Wales: the New England, Mid-Atlantic and Virginia forebears, near relatives, and notable distant kinsmen, through her American great-grandmother, of Lady Diana Frances Spencer, now Her Royal Highness the Princess of Wales. Genealogical Pub. Co. ISBN 9780806310855. Retrieved April 24, 2020 – via Google Books.
  2. "The Gilder Effect". The New Yorker. Retrieved September 25, 2019.
  3. "Nexus: The Bimonthly Newsletter of the New England Historic Genealogical Society". The Society. April 24, 1984. Retrieved April 24, 2020 – via Google Books.
  4. MacFarquhar, Larissa (May 29, 2000), The Gilder Effect
  5. Gilder anecdotally writes about his time in the Marine Corps in this Forbes article.
  6. Gilder, George (March 5, 1982), "Why I am Not a Neo-Conservative", National Review, 34 (4): 219–20
  7. Chait, Jonathan (September 14, 2009) Wealthcare, The New Republic
  8. Gilder, George (1993), Wealth and Poverty, ICS Press, p. xi, ISBN 1-55815-240-7
  9. Gilder 1993, p. xv.
  10. Gilder, George. "George Gilder". Discovery Institute. Retrieved April 24, 2020.
  11. "The Gilder Effect", The New Yorker
  12. David Foster Wallace, "E Unibus Pluram: Television and U.S. Fiction", Review of Contemporary Fiction, 185
  13. Egan, Sophie (February 9, 2011). "Technology Visionary George Gilder Invests in ASOCS". Telecoms.com. Retrieved April 24, 2020.
  14. Gilder, George (December 18, 1995), "Geniuses from Abroad", Wall Street Journal, archived from the original on October 8, 2011
  15. York, Byron (November 2001), "The Life and Death of the American Spectator", The Atlantic Monthly
  16. Prince, Marcello (May 8, 2006), "Where Are They Now: George Gilder", The Wall Street Journal
  17. Kurtz, Howard (June 10, 2002). "The News That Didn't Fit To Print". The Washington Post.
  18. "George Gilder". Wired. Retrieved October 24, 2019.
  19. Starr, Roger (February 1, 1981), "A Guide to Capitalism", The New York Times
  20. "Adult New York Times Best Seller List for April 12, 1981" (PDF). Retrieved April 24, 2020.
  21. Faludi 1991, p. 289.
  22. Gilder 1993, p. xxii.
  23. Gilder, George (March–April 1994), "Freedom from Welfare Dependency", Religion & Liberty
  24. Chris C. Mooney, "Inferior Design" Archived June 18, 2006, at the Wayback Machine, The American Prospect, September 2005, excerpt from The Republican War on Science (2005)
  25. George Gilder, "Evolution and Me" National Review, July 17, 2006

Interviews
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.