"This is one of the most intelligent, sensible and insightful books aboaut Wall Street published since the financial implosion of 2008."

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"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. "

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review on

"Doing Capitalism in the Innovation Economy is rich in historical references and stories, wise in its philosophy, deep in its evaluation and observation; and a tribute to the life’s work of an important investor and constructive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.”

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reference in the new yorker

"Are Speculative Bubbles Good?"
John Cassidy covers the annual conference of the Institute for New Economic Thinking in Toronto, for a New Yorker blog post, in which he discusses Bill Janeway's thoughts on bubbles.

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"Innovation: The Government was Crucial After All"
Jeff Madrick reviews Doing Capitalism for The New York Review of Books.

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“The Inefficiency of the Market Isn’t an Open Question”
John Cassidy references Doing Capitalism in his blog post for the New Yorker.

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"Bulls Leave Venture Capital on the Sidelines"
Doing Capitalism is referenced in Gillian Tett’s piece for Business Spectator.

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interview on

“Meet the Visionary Venture Capitalist Who’s Inspired by Marx and Keynes" 
Bill Janeway is reviewed on

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"Against the Grain: Why the State’s Technology Bureaucrats Must Realize That Most Things Fail" 
Paul Ormerod references Doing Capitalism for an article on

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blog post on

"In Praise of Speculators and Bubbles"
Stian Westlake, the Director of Research for the National Endowment for Science, Technology and the Arts, responds to Bill Janeway’s lecture at the IPPR on the Policy Innovatoion Blog.

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interview on

"A Golden Age, If We Want It"
Bill Janeway is interviewed by Quentin Hardy at The New York Times

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review in publisher's weekly

"Drawing on 40 years of experience in venture capital... Janeway offers detailed accounts of several incidents from history, emphasizing the role of the state. This... will find its ideal audience among the market-savvy."

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review in economic principles

"Janeway’s book, vast in its learning, with an extensive apparatus of footnotes... with plugs from John Seeley Brown, Tim O’Reilly, Marc Andreessen, Soros himself."

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Martin Wolf, the Financial Times Chief Economics Commentator, names Doing Capitalism in the Innovation Economy one of the six best economics books of the year. 

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john seely brown on doing capitalism

"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; Director, Xerox Parc

Nouriel roubini on doing capitalism

"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. Then, following Keynes, the state has to intervene again to limit the economic and financial fallout from such 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 & International Business, NYU

rob johnson on doing capitalism

"When the despair of troubled economic conditions compel us to yearn for a better time, our fantasies gravitate to a savior called innovation. To discern whether such yearning attracts us to a mirage or to a sound basis for hope requires a discriminating and experienced mind. I know of no better mind in this realm than Bill Janeway, who Hyman Minsky called a theorist-practitioner of financial economics. He has spent 40 years at the forefront of venture capital and financial economics. He takes us beyond mechanical details and reveals the deeper processes and interactions between state, market and finance that can foster and/or inhibit technological progress. Doing Capitalism leaves the neoclassical economic framework in tatters. It is a historically grounded and sophisticated look at how our society must rise to the challenges of collective action under radical uncertainty and integrate institutions on many levels to bring about the betterment of our human condition. This fine work will deepen your understanding of what innovation entails and impart a vision that will both surprise you, and inspire you, to move beyond your prejudices whatever your political persuasion."

- Rob Johnson, Executive Director, Institute for New Economic Thinking

george soros on doing capitalism

"I have never held orthodox financial theory in high regard.  I do not find it useful. It presumes a stability and certainty of knowing about the future that is both wrong and dangerously misleading. Bill Janeway can see that. He is both a practitioner and a financial theorist and his book, Doing Capitalism, is serious new economic thinking on the process of innovation. This is a realm where standard economic treatments do not get to the heart of the matter—dealing with radical uncertainty. 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, Soros Fund Management

mark andreessen on doing capitalism

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.

- Mark Andreessen, Co-Founder, Netscape; Partner, Andreessen Horowitz

kirkUs reviews on doing capitalism

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

bill bradley on doing capitalism

Many people understand the political economic forces of our world.  Add an understanding also of the financial forces at work in the modern economy and the list of wise people diminishes dramatically.  Bill Janeway understands all three and writes about their interaction with great insight built on theoretical depth and practical experience. Read this book and your eyes will open to our current crisis and our prospect for the future.

- Bill Bradley, Former U.S. Senator; Managing Director, Allen & Co.

tim o'really on doing capitalism

"This is, quite simply, the only book I have read that does justice to the necessary interplay between the market of real goods and services, speculative financial markets, and the state. It is wise, insightful, and rich with both economic history and the personal stories of a brilliant investor. If you want to understand the innovation economy, go no farther: read this book."

- Tim O'Reilly, Founder and CEO, O'Reilly Media; Partner, O'Reilly Alphatech