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"The innovation economy begins with discovery and culminates in speculation. Over some 250 years, economic growth has been driven by successive processes of trial and error: upstream exercises in research and invention and downstream experiments in exploiting the new economic space opened by innovation. Drawing on his professional experiences, William H. Janeway provides an accessible pathway for readers to appreciate the dynamics of the innovation economy. He combines personal reflections from a career spanning forty years in venture capital, with the development of an original theory of the role of asset bubbles in financing technological innovation and of the role of the state in playing an enabling role in the innovation process. Today, with the state frozen as an economic actor and access to the public equity markets only open to a minority, the innovation economy is stalled; learning the lessons from this book will contribute to its renewal"--
AA / International- internationaal --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 338.313 --- 338.043 --- 338.40 --- Kapitalisme. --- Technologische vooruitgang. Automatisering. Computers. Werkgelegenheid en informatica. --- Industrieel beleid: algemeenheden. --- Capitalism --- Venture capital --- Risk capital --- Seed capital --- Capital --- Small business --- Small business investment companies --- Market economy --- Economics --- Profit --- Technologische vooruitgang. Automatisering. Computers. Werkgelegenheid en informatica --- Kapitalisme --- Industrieel beleid: algemeenheden --- Finance
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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.
Economic order --- Venture capital --- Capitalism --- 338.313 --- 338.043 --- Kapitalisme --- Technologische vooruitgang. Automatisering. Computers. Werkgelegenheid en informatica --- Venture capital. --- Capitalism. --- Market economy --- Economics --- Profit --- Capital --- Risk capital --- Seed capital --- Small business --- Small business investment companies --- Finance
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"The innovation economy begins with discovery and culminates in speculation. Over some 250 years, economic growth has been driven by successive processes of trial and error: upstream exercises in research and invention and downstream experiments in exploiting the new economic space opened by innovation. Drawing on his professional experiences, William H. Janeway provides an accessible pathway for readers to appreciate the dynamics of the innovation economy. He combines personal reflections from a career spanning forty years in venture capital, with the development of an original theory of the role of asset bubbles in financing technological innovation and of the role of the state in playing an enabling role in the innovation process. Today, with the state frozen as an economic actor and access to the public equity markets only open to a minority, the innovation economy is stalled; learning the lessons from this book will contribute to its renewal"--
Venture capital --- Capitalism --- Market economy --- Economics --- Profit --- Capital --- Risk capital --- Seed capital --- Small business --- Small business investment companies --- Finance --- E-books --- Venture capital. --- Capitalism. --- Business, Economy and Management
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Clean energy industries. --- Economic development. --- Clean energy industries --- Clean energy investment. --- Climatic changes --- Environmental economics --- Green technology --- Investments --- Speculation --- Technological innovations --- Finance. --- Economic aspects. --- Government policy. --- Environmental aspects.
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