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Bill Janeway | Venture Capitalism and the Future of the Innovation Economy

Hidden Forces

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Introduction

This week on Hidden Forces, Bill Janeway markets the state and capitalism in the innovation of the economy. In 1948, economist Paul Samuelson released what would become the best-selling economics textbook of all time. The failure of that discipline to account for the global financial crisis has forced academia to rethink the entire edifice upon which our understanding of markets and the economy have been built. If we hope to survive this new century, we need to develop a framework for understanding the place of government, the power of markets, and the forces driving both.

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