George Gilder

George Franklin Gilder is an American investor, author, economist, and co-founder of the Discovery Institute. His 1981 book, Wealth and Poverty, advanced a case for supply-side economics and capitalism during the early months of the Reagan administration. He is the chairman of George Gilder Fund Management, LLC. Gilder was born in New York City and raised in New York and Massachusetts. 

He is a great-grandson of designer Louis Comfort Tiffany. 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. Palmer, a college roommate of his father, was deeply involved with his upbringing, as was the family of David Rockefeller, his godfather.

Gilder attended Hamilton School in New York City, Phillips Exeter Academy, and Harvard University, graduating in 1962. 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. Gilder served in the United States Marine Corps. 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.

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.

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. 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.

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

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.

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 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.