There are obvious flaws in Marx’s labor theory of value, the idea that the value of a commodity can be objectively measured by the average number of hours required to produce it.

But George Gilder is exploring a new way to think about money built around the time theory of value, an idea that frames currency as a measure based on time—much like the meter, the kilogram or the lumen.

George is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives. An established writer, investor and economist, George has an uncanny ability to see how new breakthroughs will play out, and he shares his ideas through Gilder’s Daily Prophecy.

On this episode of The Wiggin Sessions, George joins me to discuss the three principal ideas in his forthcoming book, Life After Capitalism, beginning with the theory that economic growth is fundamentally a learning curve.

George shares his interdisciplinary approach to developing new ideas, describing how he thinks about money as tokenized time and what’s missing from our current measures of economic growth.

Listen in for George’s perspective on how governments are using money as an instrument of power (and why that stifles growth) and get his take on the crypto movement’s potential to emerge a new economy.

Key Takeaways  

How George got interested in the semiconductor industry and information technology 

George’s theory that economic growth is a learning curve

How globalization improves our ability to fight pandemics and how the same concept applies to capitalism

The impetus to plan and control among governments and current elites

The idea of Google Marxism and how we are repeating Marx’s greatest error

George’s interdisciplinary approach to developing new ideas

The three principal ideas in George’s forthcoming book Life After Capitalism

How George frames money as tokenized time

How George thinks about the time value of gold in a way that’s not related to speculation

How economic measures fail to recognize the huge technological progress that’s underway

George’s take on how governments are using money as an instrument of power rather than an instrument of knowledge—and why that stifles economic growth

The great mistake cryptocurrencies are making right now 

Why George believes a new economy will emerge from the crypto movement

Connect with George Gilder

Gilder’s Daily Prophecy

Connect with Addison Wiggin

Consilience Financial

Be sure to follow The Wiggin Sessions on your socials. You can find me on—

Facebook @thewigginsessions

Instagram @thewigginsessions

Twitter @WigginSessions

Resources

George Gilder—America’s #1 Futurist on The Wiggin Sessions EP011

Carver Mead

Wealth and Poverty by George Gilder

A Modest Theory of Civilization: Win-Win or Lose by William Bonner

Pandemics: Our Fears and the Facts by Sunetra Gupta

Life After Good: The Fall of Big Data and the Rise of the Blockchain Economy by George Gilder

Introduction to Valence Theory by Jean Worrall

‘The Nature of Light: What Are Photons?’ by Carver Mead

Knowledge and Power: The Information Theory of Capitalism and How It Is Revolutionizing Our World by George Gilder

Milton Friedman

‘Do Real Output and Real Wage Measures Capture Reality? The History of Lighting Suggests Not’ by William Nordhaus

Gale Pooley at Discovery Institute

Marian Tupy at Cato Institute

‘Transit’s Dead End’ by Randal O’Toole