Doing Capitalism in the Innovation Economy
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. Doing Capitalism in the Innovation Economy provides an accessible pathway for readers to appreciate the dynamics of the innovation economy. 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.
Praise for Doing Capitalism in the Innovation Economy
"'Some books', said Sir Francis Bacon, 'are to be tasted, others to be swallowed and some few to be chewed and digested.' From a lifetime of reflection and experience, Janeway has produced a book that should be chewed and digested thoroughly."
— Sanjay Unni, Quantitative Finance
"Bill Janeway, a key creator of modern venture capital, tells the amazing story of the intersection of economics and innovation. This book is essential to anyone who wants to understand technology and how its creation will be financed for decades to come."
— Marc Andreessen, Co-Creator of the Internet Browser
"A revelatory exploration of the complex dynamics underlying the innovation economy and the inherent roles of speculation and waste as experienced by one of the great venture capitalists and political/economic thinkers of our age. This book provides a powerful framework for dealing with the economic challenges we are facing today. It couldn't have come at a better time!"
— John Seely Brown, Former Chief Scientist, Xerox Corp
"Janeway applies keen insights from his experience as a venture capitalist and creates a vision of the interaction between governments, financiers, and firms that shows what institutions society must develop to foster innovation. I believe that Doing Capitalism will help all of us, whether academics, private sector leaders, or government officials, to see beyond shallow political dogma and move to a deeper understanding of challenges of technological advance."
— George Soros, Chairman of Soros Fund Management
"A tour de force with a solid thesis, excellent writing and exposition, and a history that too many have forgotten or never knew. Brilliant!"