Doing Capitalism in the Innovation Economy : Markets, Speculation and the State
William H. Janeway
Bok Engelsk 2012 · Electronic books.
| Utgitt | Cambridge : Cambridge University Press , 2012
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| Omfang | 1 online resource (346 p.)
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| Opplysninger | Description based upon print version of record.. - Cover; Doing Capitalism in the Innovation Economy; Contents; Figures and table; Acknowledgements; Introduction: the Innovation Economy; PART I: Learning the game; 1 Apprenticeship; From old Wall Street to new; The transformation of F. Eberstadt; 2 Discovering computers; Agent-based simulation models; Government investment in science and technology; The computer industry in the 1980s; Real lessons from artificial intelligence; The return of the IPO market; 3 Investing in ignorance; Bethesda Research Laboratories; Hedges against uncertainty; MicroPro International; Institutional revolution. - PART II: Playing the game4 The financial agent; The financial capitalist at the venturesome frontier; Evolution of the venture capital industry; Venture capital's dependence on speculation and the state; Starting at Warburg Pincus; 5 The road to BEA; ECsoft: an educational failure; IMI and SHL: positive lessons; The rise of equity-based compensation; The IBM environment starts to open up; OpenVision Technologies; The OpenVision/VERITAS merger; 6 Apotheosis; The research project; Acquisition of Tuxedo; Acquisition of WebLogic; BEA and the Innovation Economy. - PART III: Understanding the game: the role of bubbles7 The banality of bubbles; Early bubbles in France and England; Decennial dramas before 1914; The great American trust bubble; The spirit of speculation; The super-bubble; 8 Explaining bubbles; Manias and the credit system; Big-state capitalism; Modern finance theory; The IT revolution and the bursting of the super-bubble; Theoretical explanations; 9 The necessity of bubbles; Academic rediscovery of Keynes's bridge; Financing new networks; Within the dotcom/telecom bubble; Waves of innovation. - Speculation and innovation: an explanatory schemaProductive bubbles, destructive bubbles; PART IV: Understanding the game: the role of the state; 10 Where is the state?; The Hamiltonian tradition; Jacksonian reversal; Technology's emerging dependence on science; State support of science; 11 "The failure of market failure"; Market failure or failure of markets; Britain's policy paralysis; The New Deal; The Third Reich; Parallel stories; 12 Tolerating waste; The necessity of waste; The Great Depression and the Great Recession; The New Classicals and the New Keynesians. - Stimulus and austerity after 2008Coda; Bibliography; Index. - A unique insight into the interaction between the state, financiers and entrepreneurs in the modern innovation economy.
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| ISBN | 9781107031258
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