Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game Between Markets, Speculators and the State

Legendary economist Hyman Minsky identified author William H. Janeway as a 'theorist-practitioner' of financial economics; this book is an expression of that double life. Interweaving his unique professional perspective with political and financial history, Janeway narrates the dynamics of the innovation economy from the standpoint of a seasoned practitioner of venture capital, operating on the frontier where innovative technology transforms the market economy. In this fully revised and updated edition, Janeway explains how state investment in national goals enables the innovation process and why financial bubbles accelerate and amplify its impact. Now, the digital revolution, sponsored by the state and funded by speculation, has matured to attack the authority, and even the legitimacy, of governments. The populist response in the west, especially in the United States, opens the door for China to seize leadership of the innovation economy from America.

Author: William H. Janeway
Publisher: Cambridge University Press
Published: 05/17/2018
Pages: 458
Binding Type: Hardcover
Weight: 1.93lbs
Size: 9.25h x 6.26w x 1.15d
ISBN13: 9781108471275
ISBN10: 1108471277
BISAC Categories:
- Business & Economics | Finance | General
- Business & Economics | Corporate Finance | Venture Capital
- Business & Economics | Free Enterprise & Capitalism