Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

Qty:1
  • List Price: $39.99
  • Save: $9.09 (23%)
Only 7 left in stock (more on the way).
Ships from and sold by Amazon.com. Gift-wrap available.
Doing Capitalism in the I... has been added to your Cart
+ $3.99 shipping
Used: Very Good | Details
Sold by AMM_Books_
Condition: Used: Very Good
Comment: Unread. In stock ready to dispatch from the UK by air mail.
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 3 images

Doing Capitalism in the Innovation Economy: Markets, Speculation and the State Hardcover – October 8, 2012

4.6 out of 5 stars 29 customer reviews

See all 3 formats and editions Hide other formats and editions
Price
New from Used from
Kindle
"Please retry"
Hardcover
"Please retry"
$30.90
$19.75 $8.83

Security
ITPro.TV Video Training
Take advantage of IT courses online anywhere, anytime with ITPro.TV. Learn more.
$30.90 FREE Shipping. Only 7 left in stock (more on the way). Ships from and sold by Amazon.com. Gift-wrap available.
click to open popover

Frequently Bought Together

  • Doing Capitalism in the Innovation Economy: Markets, Speculation and the State
  • +
  • The Entrepreneurial State: Debunking Public vs. Private Sector Myths
Total price: $42.47
Buy the selected items together

Editorial Reviews

Review

""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

"A rewarding memoir about the learning, training and life experience required to achieve mastery in the venture economy."
Kirkus Reviews

"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, and co-founder of Netscape and Andreessen Horowitz

"This is a masterful historical and conceptual analysis of the Three Player Game between the state, private entrepreneurial innovation and financial capitalism. The state has a key role in funding scientific research that leads to innovation. Amply funded by financial capitalism, innovation is a source of long term growth. But speculative funding of innovation is also associated with asset and credit bubbles that end up in financial crashes. A Minsky-inspired synthesis of the financial excesses of Schumpeterian creative destruction, this book should be required reading for all."
Nouriel Roubini, Professor of Economics, New York University, and Chairman of Roubini Global Economics

"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, and Director of Palo Alto Research Center (PARC)

"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!"
John C. Bogle, Founder of Vanguard Funds

"If you have ever wondered what the interplay of government, bubbles and venture capital have to do with innovation, this is the book for you ... Doing Capitalism in the Innovation Economy is rich in historical references and stories, wise in its philosophy, deep in its evaluation and observation; and a tribute to the life's work of an important investor and constructive thinker. This book is outstanding and deserves your time."
Wall Street Oasis (wallstreetoasis.com)

Book Description

Combining insights from a lifetime's career in venture capitalism and a sophisticated understanding of the most up-to-date scholarship, William H. Janeway provides an accessible pathway for readers to appreciate the dynamics of the interaction between the state, financiers and entrepreneurs in the innovation economy.
NO_CONTENT_IN_FEATURE

New York Times best sellers
Browse the New York Times best sellers in popular categories like Fiction, Nonfiction, Picture Books and more. See more

Product Details

  • Hardcover: 344 pages
  • Publisher: Cambridge University Press (October 8, 2012)
  • Language: English
  • ISBN-10: 1107031257
  • ISBN-13: 978-1107031258
  • Product Dimensions: 6 x 0.8 x 9 inches
  • Shipping Weight: 1.6 pounds (View shipping rates and policies)
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (29 customer reviews)
  • Amazon Best Sellers Rank: #480,384 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Hardcover Verified Purchase
I've been a partner in a leading Silicon Valley venture capital firm for 40 years. I've also been an avid reader about the economics and history of innovation. Of the many books on this topic, Janeway's is one of the best. He does a superb job of synthesizing economic theory, history, and his personal experiences as a successful financier of entrepreneurs in a beautifully-crafted and easy-to-read book.

It's always a bit of a thrill when read a book about a topic you know well and find bits that make you say to yourself: "I wish I'd thought of that". Janeway's case for the social utility of bubbles, his description of "hedging markets" versus "Ponzi markets", and his formulation of "Schumpeterian waste" versus "Keynesian waste" are all "aha!" ideas that I intend to steal from him and include in my own thinking.

My only quibble is that Janeway is a bit unbalanced as he (validly)criticizes financial capitalism but gives government a free pass for all the agency problems of government action. One could easily use his book as an argument for more of the kind of government intervention which I doubt he really intends to advocate. The book would have been stronger if he had spent more time discussing ways in which governments help and how they sometimes do harm.

Many venture capitalists write memoirs; many academic economists write theories of innovation with little understanding of what actually happens in the messy, micro-economic world. Janeway is a rigourous economist, a thorough historian, and a successful dealmaker. This makes his perspective rare. The fact that he writes well makes the book exceptional.
Comment 23 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Kindle Edition Verified Purchase
Janeway's book is really innovative. The state versus the private sector controversy is a perennial topic in the debate about how to keep the innovative spirit alive in a capitalistic economy( basically a private-sector led economy). The Conservatives wish to reduce the state to a Lilliputian size; while the Democrats would like an interventionist state. In the developing countries this debate is more or less settled in favor of a development-oriented state. In the developed countries, role of state is defined in terms of external economies, but the emphasis remains on achieving efficiency. Janeway is perhaps the first person to give a totally innovative argument for state intervention. He shows that the search of efficiency may turn out to be an enemy of innovation, which involves both the Schumpeterian waste as well as the Keynesian waste. It is these wasteful innovations that prove to be the game changers for the private sector to make profits in untried areas of investment. I whole-heartedly recommend the book for economists, including development economists.
Comment 4 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover Verified Purchase
This is one of the most enlightening books I've ever read. It's a phenomenal analysis of what parts of our crazy hybrid system of economics fuel innovation and growth and how this knowledge should drive policy. Instead of attempting to appeal to unrealistic economic assumptions, Janeway uses an incredible amount of historical research, combined with his own impressive professional experience in finance and expertise in econ, to craft a very convincing and iconoclastic theory for how our system really works.

I found his history of venture investment and the American financial system to be truly enlightening. And for the parts concerning economics, it's definitely the most interesting thing I've read on the subject since an extremely well taught AP Economics blew my mind and turned me on to econ in high school. I almost completed a double major in econ in college but fell one class short, in large part because I lost interest. In retrospect, my AP Econ class emphasized a very eclectic mix of theories and a large dose of historical economics, but my college macro seemed to emphasize only abstract neoclassical theory, which I increasingly perceived to be unrealistically mechanical and grounded in unconvincing assumptions.

My biggest complaint is that this book is poorly edited, and I took a star away for that. It reads like a long rambling story from Janeway. I think that most of the facts he wants to get across eventually get in there, but not necessarily in the most logical order, and with a lot of reader-supplied context presumed. He saves probably the most relevant commentary to today's world, his analysis of the response to the financial crisis, until nearly the very end of the book.
Read more ›
Comment 2 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover Verified Purchase
This book shifted my thinking about public policy more radically than anything has in a decade. What feels bad now to us can be good in the long run for the system. In this case, bubbles.

If you're interested at all in investing in companies then you need to heard about Janeaway's experiences.

If you're interested at all in entrepreneurship then you need to learn about how investors see entrepreneurs--the value they are actually looking for.

If you're interested at all in the history of innovation, especially in the last few decades, you'll love the well-researched historical connections that Janeway makes.

It's not an easy read, that's part of what makes it so valuable. This is a true craftsman and thinker--not a consultant trying to move a few books and get speaking gigs.
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews

Set up an Amazon Giveaway

Doing Capitalism in the Innovation Economy: Markets, Speculation and the State
Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway
This item: Doing Capitalism in the Innovation Economy: Markets, Speculation and the State