William Janeway

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William H. Janeway is a Special Limited Partner of Warburg Pincus an Affiliated Member of the Faculty of Economics of Cambridge University. He joined Warburg Pincus in 1988 and was responsible for building the information technology investment practice: leading investments included BEA Systems and VERITAS Software. Previously, he was executive vice president and director at Eberstadt Fleming. Dr. Janeway is a director of Magnet Systems and O’Reilly Media.

Dr. Janeway is a co-founder of the Institute for New Economic Thinking. He is a member of the board of directors of the Social Science Research Council and of the Advisory Board of the Princeton Bendheim Center for Finance. He is a member of the management committee of the Cambridge-INET Institute, University of Cambridge and a Member of the Board of Managers of the Cambridge Endowment for Research in Finance (CERF). He is the author of Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators, and the State, the substantially revised and extended new edition of the book initially published by Cambridge University Press in November 2012.

Dr. Janeway received his doctorate in economics from Cambridge University where he was a Marshall Scholar. He was valedictorian of the class of 1965 at Princeton University.

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By this expert

Productive Bubbles

Article | Jul 28, 2021

Occasionally, financial speculation fastens onto transformational technologies that have the potential to create a genuinely new economy.

Lessons from the First New Deal for the Next One

Article | Apr 13, 2021

Whether it is called “Build Back Better” or a “Green Industrial Policy” or, indeed, a Green New Deal, it is imperative to reject the false dichotomy of “jobs against climate.”

The Big Squeeze

Article | Feb 12, 2021

Is r/wallstreetbets really leading a financial revolution?

Janeway on Ramsey and Keynes: A Comment

Article | Oct 7, 2020

Lance Taylor responds to William Janeway’s essay on John Maynard Keynes and Frank Ramsey. Janeway then offers his response.

Featuring this expert

Venture Capital in the 21st Century

Video | Jan 29, 2020

Explore economic growth and development through technological innovation with the renowned investor and scholar

The History of Financial Bubbles

Video | Aug 24, 2021

The Locus and Focus of Speculation

Rob Johnson, Pia Malaney, and other INET scholars have signed a letter in the FT in response to a call for a return to austerity

News Jun 15, 2021

“Moreover, too little government spending can increase company bankruptcies and lead to less investment in research and development, hurting the supply side of our economies — potentially exacerbating inflationary pressures. The EU has gone through a decade of demand stagnation, performing well below its productive potential. Inflationary forces of the 1970s are no longer intact, not least because of declining labour bargaining power, changing demographics, high inequality and private debt overhang. Without concerted fiscal expansion to scale-up investment and protect the vulnerable, aggregate demand will remain low and standards of living will stagnate. Instead of fetishising fiscal discipline, we should prioritise more important social, economic and environmental outcomes — like creating well-paid green jobs, lifting millions out of poverty and implementing green infrastructure projects.” — From Frank van Lerven and others, Financial Times

INET at the Trento Economics Festival

The Return of the State: Businesses, Communities, Institutions

Event Conference | Jun 3–6, 2021

Watch INET at the Trento Economics Festival online