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008			180509s2018 nyu b 001 0 eng
010			_a 2018013374
020			_a9781108471275 (hardback)
020			_a1108471277 (hardback)
040			_aDLC _beng _cDLC _erda _dDLC
041			_aeng
042			_apcc
050	1	4	_aHG 4751 _bJ33d 2018
082	0	0	_a332/.04154
100	1		_aJaneway, William H. _q(William Hall "Bill"), _922253 _d1943-
245	1	0	_aDoing capitalism in the innovation economy : _breconfiguring the three-player game between markets, speculators and the state / _cWilliam H. Janeway.
250			_a2nd edition.
264		1	_aCambridge, United Kingdom ; _aNew York, NY : _bCambridge University Press, _c2018.
300			_axxxvii, 425 pages ; _c24 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
500			_aRevised edition of the author's Doing capitalism in the innovation economy, c2012.
504			_aIncludes bibliographical references (pages 372-396) and index.
505	8		_aMachine generated contents note: Introduction; Part I. Learning the Game: 1. Apprenticeship; 2. Discovering computers; 3. Investing in ignorance; Part II. Playing the Game: 4. The financial agent; 5. The road to BEA; 6. Apotheosis; Part III. Understanding the Game: The Role of Bubbles: 7. The banality of bubbles; 8. Explaining bubbles; 9. The necessity of bubbles; Part IV. Understanding the Game: The Role of the State: 10. Where is the state?; 11. 'The failure of market failure'; 12. Tolerating waste.
520			_a"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 financial speculation intersects with novel technology. In this fully revised and updated edition, Janeway develops his theory that asset bubbles play a central role in financing technological innovation and that state investment in national goals enable the innovation process. 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"-- _cProvided by publisher.
520			_a"the primary purpose of the book that follows was to explore how the evolutionary process of economic growth driven by technological innovation has depended upon the constructive, although often unwitting, collaboration of mission-driven state actors and financial speculators. Much of the most recent iteration of this process I lived as a working venture capitalist, while drawing on my education in the economics of John Maynard Keynes to grasp how state investment motivated by national security could trigger a productive bubble in the capital markets and radically accelerate the new economy in which we are all learning to live. The book comprises four parts. The first two offer a chronicle of how I simultaneously learned how the game works and how to play it. They serve as an on- ramp to the frontier of innovation, where progress is achieved through Darwinian processes of trial and error, subject to intense competitive pressure under conditions of uncertainty, even ignorance, about the consequences of action and the returns on investment"-- _cProvided by publisher.
650		0	_aVenture capital.
650		0	_aCapitalism.
650		4	_aCapital de riesgo _9378
650		4	_aCapitalismo _91787
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2lcc _cBK