{"id":78,"date":"2013-02-08T00:18:12","date_gmt":"2013-02-08T00:18:12","guid":{"rendered":"http:\/\/blogs.scu.edu\/mmoseley\/?p=78"},"modified":"2013-02-11T20:19:18","modified_gmt":"2013-02-11T20:19:18","slug":"golden-age","status":"publish","type":"post","link":"https:\/\/blogs.scu.edu\/mmoseley\/2013\/02\/08\/golden-age\/","title":{"rendered":"Golden Age"},"content":{"rendered":"
\"janeway\"

William H. Janeway<\/a><\/p><\/div>\n

William Janeway strongly believes in the technology of today and the need for advancement of our technology. In an article<\/a> published in\u00a0The New York Times\u00a0<\/em>written by Quentin Hardy, Janeway voices his opinions on our world’s technology. As opposed to the recent report we read by\u00a0Richard Lanham called\u00a0The Economics of Attention<\/a>\u00a0<\/em>where he suggests that our world is too caught up with “stuff and fluff,” Janeway thinks that our technology needs more support. “There is lots of stuff we should be doing in basic technology research that isn\u2019t being done,” says Janeway. Lanham criticizes today’s technology for making us lazier people while Janeway thinks that advancement in technology can greatly benefit our world.<\/p>\n

William Janeway is a Cambridge University alum and one of the great tech investors. His doctorate was in economics but he branched out because Janeway lost faith in the economic world shown through this quote,<\/p>\n

Mathematical models and quantitative techniques had taken over the analysis of business, finance, and the role of government.that quantification of everything, he thought, led to arrogant conclusions, bad policies, and a tragic loss of the real-world color and nuance surrounding our lives in the marketplace.<\/p><\/blockquote>\n

\"Doing<\/a>

Doing Capitalism in the Inovation Economy<\/a>, written by William Janeway<\/p><\/div>\n

Instead Janeway made himself and others great fortunes by investing in technology. He worked at Warberg Pincus, invested in start-ups, buyouts and turnarounds, his firm helped create BEA Systems and he wrote his own book called\u00a0Doing Capitalism in the Innovation Economy<\/a>.\u00a0<\/em>Janeway took a $54 million investment and within six years turned it into a $6.5 billion payout sold the night before the Internet stock crash of 2000, which he luckily predicted through his expertise and knowledge of economics. In regards to his book it is “more than a memoir, however, his book is an example-rich theory of the necessary tensions that create innovation and growth” (Hardy). Janeway is now teaching his book back in Cambridge, England.<\/p>\n

One of Janeway’s main arguments is that the government is not taking advantage of technology nor advancing it in the ways that they should. He is critical of the government for the shortage in technology advancement:<\/p>\n

A bigger part of the problem is that a lot of people in government don\u2019t seem to think government can play a positive role. You could construct an interlocking laundry list of things for the government to invest in. The government has to be empowered on both the production and the consumption side of energy research. But you can\u2019t even have that conversation in Congress today.<\/p><\/blockquote>\n

Janeway thinks that if the government invested more into technology that they would have the ability to improve many things. He comes up with a list of ways in which the government can help with and through technology:<\/p>\n