
Doing Capitalism in the Innovation Economy
Reconfiguring the Three-Player Game between Markets, Speculators and the State
- English
- PDF
- Available on iOS & Android
Doing Capitalism in the Innovation Economy
Reconfiguring the Three-Player Game between Markets, Speculators and the State
About this book
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.
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Information
Table of contents
- Cover
- Half-title page
- Reviews
- Praise for the First Edition
- Title page
- Copyright page
- Dedication
- Contents
- List of Figures and Table
- Preface to the Second Edition
- Acknowledgments
- Introduction to the First Edition: The Innovation Economy
- Part I Learning the Game
- Part II Playing the Game
- Part III Understanding the Game: the Role of Speculation
- Part IV Understanding the Game: the Role of the State
- Conclusion: The Dark Side of the Three-Player Game
- Coda: The Power of Ideas
- Bibliography
- Index