A major exploration of venture financing, from its origins in the whaling industry to Silicon Valley, that shows how venture capital created an epicenter for the development of high-tech innovation.
VC tells the riveting story of how the industry arose from the United States' long-running orientation toward entrepreneurship. Venture capital has been driven from the start by the pull of outsized returns through a skewed distribution of payoffs-a faith in low-probability but substantial financial rewards that rarely materialize. Whether the gamble is a whaling voyage setting sail from New Bedford or the newest startup in Silicon Valley, VC is not just a model of finance that has proven difficult to replicate in other countries. It is a state of mind exemplified by an appetite for risk-taking, a bold spirit of adventure, and an unbridled quest for improbable wealth through investment in innovation.
Tom Nicholas's history of the venture capital industry offers listeners a ride on the roller coaster of setbacks and success in America's pursuit of financial gain.
"Rich Dad's Conspiracy of the Rich" shares Robert Kiyosaki's view of global economics and explores why people are finding themselves challenged by these turbulent times. He provides solutions to financial problems and explains what created today's economic chaos and how it can be eased. The book shows that what appears to be the worst of times is actually an opportunity in the making, and a chance for people to invest in their financial education.
Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies.Institutions exist due to the uncertainties involved in human interaction; they are the constraints devised to structure that interaction. Yet, institutions vary widely in their consequences for economic performance; some economies develop institutions that produce growth and development, while others develop institutions that produce stagnation.
North first explores the nature of institutions and explains the role of transaction and production costs in their development. The second part of the book deals with institutional change. Institutions create the incentive structure in an economy, and organizations will be created to take advantage of the opportunities provided within a given institutional framework. North argues that the kinds of skills and knowledge fostered by the structure of an economy will shape the direction of change and gradually alter the institutional framework. He then explains how institutional development may lead to a path-dependent pattern of development. In the final part of the book, North explains the implications of this analysis for economic theory and economic history.
A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party
The Austrian School of Economics-a movement that has had a vast impact on economics, politics, and society, especially among the American right-is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism-and deep antipathy toward socialism-ultimately won them a devoted audience among the upper echelons of business and government.
In this collective biography, Janek Wasserman brings these figures to life, showing that in order to make sense of the Austrians and their continued influence, one must understand the backdrop against which their philosophy was formed-notably, the collapse of the Austro?Hungarian Empire and a half?century of war and exile.
Humankind has evolved in many ways. The basic reason for this evolution has been the non-stop urge for more. Innovation has helped humankind to facilitate living and increase the standard of living too. Capitalism has served the same purpose. It was by the way of capitalism that a major part of the population was able to earn higher wages and increase the standard of living. Capitalism has a long history. This history has some positives and some negatives based on the viewpoints of the various sections of the society. Capitalism benefited the lower class by increasing their incomes, but at the same time, it reduced the power of the upper class and the state. The benefits that could be enjoyed only by the landed gentry were now also being enjoyed by the poor and the landless. There were rebellions and resentments among both the sections, but still, capitalism has emerged as a major economic system and it has been followed till date in many of the economies. Capitalism took many forms and has evolved itself.
ملخص كتاب الاقتصاد العجيب جدًا - Super Freakonomics كان الخوف مُسيطرًا على سكان الولايات المُتحدة الأمريكية في أوائل التسعينيات بسبب الجريمة، التي كانت تزداد من دون هوادة، حيث أصبح الموت بالرصاص وغيره أمرًا عاديًا، وكذلك أصبحت سرقة السيارات، وتجارة المخدرات. لكن معدل الجريمة انخفض في السنوات القليلة التالية، على عكس كل التوقعات. وراحت كل أشكال الجريمة تقل بصورة كبيرة على طول البلاد. حاول الخبراء والمثقفون الذين فشلوا من قبل في توقع انخفاض الجريمة، تفسير ذلك الانخفاض عن طريق القول إنه نتيجة للتحسن الاقتصادي، وضبط السلاح المُستعمل بالجرائم، وإستراتيجية الشرطة الذكية عمومًا في مطاردة المُجرمين. واقتنع الناس غالبًا بكلام الخبراء، لكن بقيت مشكلة واحدة، وهي أن كلام الخبراء لم يكن صحيحًا، وأن تفسيراتهم كانت بديهية، وعامة للغاية، ولم تستطع اكتشاف أساس الحل، فكيف فسروا معدل انخفاض الجريمة؟ هذا الملخص: - للذين استمعوا إلى ملخص الاقتصاد العجيب. - لمحبي علم الاجتماع والاقتصاد. - للباحثين عن الدوافع خلف سلوك المجتمعات البشرية.
The economy isn't just for the economists to debate on. All of us are affected by its ups and downs-global recession, rise in interest rates, or hike in food prices. But do we understand the principles at work and how and why they really affect us? Day to Day Economics is an enjoyable, accessible, and extremely user-friendly book that explains the modern day Indian economy to the layperson. In this relevant book, Professor Deodhar explains the role of the government and its involvement in different aspects of the economy; the need for the RBI and its functions; and how taxes, stock markets, and recessions work. Day to Day Economics will help you go beyond the facts and figures in the budget and connect the trends to your daily life. As with all IIMA Business Books, it comes illustrated with numerous Indian examples and case studies making this the ultimate rookie's guide to the Indian economy.
Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition. Sector after economic sector is more concentrated than it was twenty years ago, dominated by fewer and bigger players who lobby politicians aggressively to protect and expand their profit margins. Across the country, this drives up prices while driving down investment, productivity, growth, and wages, resulting in more inequality. Meanwhile, Europe-long dismissed for competitive sclerosis and weak antitrust-is beating America at its own game. Philippon, one of the world's leading financial economists, did not expect these conclusions in the age of Silicon Valley start-ups and millennial millionaires. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow him as he works out the basic facts and consequences of industry concentration in the U.S. and Europe, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means for free trade, technology, and innovation. For the sake of ordinary Americans, he concludes, government needs to return to what it once did best: keeping the playing field level for competition.
Following an overview of the technical and historical development of the electric grid in the U.S. and Europe, this guide reviews hydropower, solar photovoltaics, wind energy, fuel cell, and battery technologies. The author also presents models for the connection of these renewable energy sources from large-scale to on-site and community power/microgrids. The models are explained through case studies in the developed and developing worlds that explore how technical evaluations are conducted, policy incentives implemented, and project finance applied.
Considering the increasing importance of renewable energy for climate change mitigation, this book provides an overview of how renewable energy sources are integrated into the grid to promote better understanding among students and business professionals in the utility sector and across industries. Most literature on grid interconnection is highly technical, assuming an in-depth understanding of electrical engineering. With the rise of clean technologies and the diversity of interconnection models, this guide fills a gap in the existing literature by equipping non-technical business managers with the salient information they need to make critical decisions for their organizations.
The truly important parts of economics without the usual fluff. Each point is followed by a brief multiple-choice quiz, ensuring that knowledge is sealed in.
