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In Building Wealth: The New Rules for Individuals, Companies and Nations (HarperCollins), celebrated economist Lester C. Thurow discusses how knowledge is the new base for creating wealth. In the past, magnates measured their fortunes by how much they had in land, factories, etc. In the very near future, however, they will measure their wealth according to how much knowledge they control. What does this mean for the former monarchs of wealth? That they're entering a state of decadence and the Bill Gateses of the world will come out on top.

A generation of entrepreneurs and innovators are pushing forward a dynamic revolution that...

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