The New Wealth of Nations

This is the most important book since Adam Smith's Wealth of Nations.

The evidence it marshalls undermines any lingering faith one may have in the effectiveness of so-called "market" processes and current forms of democracy and bureaucracy.

It acknowledges that the central problem facing society is still to answer Adam Smith's question about how to empower widely dispersed, and mutually interdependent, bits of information of varying quality in such a way that they lead to a desirable future.

The book outlines the institutional arrangements needed to do this. These will involve radical change in our concepts of democracy, bureaucracy, management, citizenship, science, and wealth.

This may therefore be, not only the most important book since Adam Smith's Wealth of Nations, but the most important work since Aristotle laid the foundation for our current understandings of democracy.