Prentice Mulford was instrumental in the founding of the popular philosophy New Thought, along with other notable writers including Ralph Waldo Emerson.

New Thought is a set of metaphysical beliefs concerning the effects of positive thinking, the law of attraction, healing, life force, creative visualization, and personal power. It promotes the ideas that "Infinite Intelligence" or "God" is omnipresent, spirit is the totality of real things, true human selfhood is divine, divine thought is a force for good, sickness often originates in the mind, and 'right thinking' has a healing effect.

Mulford's books THOUGHTS ARE THINGS and THE GOD IN YOU served as a guide to this new belief system and are still popular today.

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