On Tuesday Pembroke hosted the launch of the second edition of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State by William H. Janeway (1965).
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.
About the author:
William H. Janeway (1965) is Senior Advisor at Warburg Pincus. He joined Warburg Pincus in 1988 and was responsible for building the information technology investment practice. Previously, he was executive vice president and director at Eberstadt Fleming. Dr. Janeway is a director of Magnet Systems, Nuance Communications, O’Reilly Media, and a member of the Board of Managers of Roubini Global Economics.
Dr. Janeway is Chairman of the Board of Trustees of Cambridge in America, University of Cambridge and a Member of the Board of Managers of the Cambridge Endowment for Research in Finance (CERF). Dr. Janeway is a member of the board of directors of the Social Science Research Council and the board of governors of the Institute for New Economic Thinking and of the Advisory Boards of the Princeton Bendheim Center for Finance and the MIT-Sloan Finance Group. He is the author of Doing Capitalism in the Innovation Economy: Markets Speculation and the State, published by Cambridge University Press in October 2012.
The launch event was jointly sponsored by Cambridge University Press, Pembroke College, the Cambridge Economics Faculty, Cambridge-INET Institute, Cambridge Endowment for Research in Finance, Judge Business School and The Bennett Institute for Public Policy.