David Warsh, William H. Janeway
Economic growth over the past 250 years is best understood as the product of a “three-player game.” In this game, the market economy and the state compete to direct the allocation of resources to new technologies—to canals and waterpower in one century, to steam and electricity in the next, and to computers after that. Financial capitalism, the third player, which includes bankers of every sort, … [ Read more ]
Content: Quotation | Authors: David Warsh, William H. Janeway | Source: strategy+business | Subjects: Economics, Finance