William Janeway

Senior Advisor
Warburg Pincus

Dr. William H. Janeway joined Warburg Pincus in 1988. Prior to joining the firm, Dr. Janeway was executive vice president and director at Eberstadt Fleming. Dr. Janeway is a director of Magnet Systems, Nuance Communications, O'Reilly Media and Roubini Global Economics. He is also chairman of the Board of Trustees of Cambridge in America, University of Cambridge and a founder member of the Board of Managers of the Cambridge Endowment for Research in Finance (CERF). Dr. Janeway is a member of the Board of Directors of the Social Science Research Council, the Board of Governors of the Institute for New Economic Thinking and the Board of Science Technology and Economic Policy of the National Academy of Sciences. He received his doctorate in economics from Cambridge University where he was a Marshall Scholar and was valedictorian of the Class of 1965 at Princeton University.

My Content

Originally posted on Project Syndicate

HONG KONG – For 250 years, technological innovation has driven economic development. But the economics of innovation are very different for those at the frontier versus those who are followers striving to catch up.

My Video Content

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Economic bubbles and the corresponding speculation that accompany them inevitably end in a financial bust. Depending on multiple factors, the consequences of these popped bubbles can be grave or transient.

When specuation infects the credit system that fuels the economy, particularly when its object offers no prospect of increased economic productivity, the outcome of the collape is almost always unequivocally negative, and possibly catastrophic. But when the damge of speculation is limited to the market for equity and debt securities, the adverse economic consequences may be muted.

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Can China lead the way on innovation?

Institute for New Economic Thinking co-founder William Janeway addressed this question in his keynote speech at the Institute's recent conference in Shenzhen, China. Titled "The Good Life: The Challenge of Progress in China Today," the conference explored the key challenges surrounding China's continued development.

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Panel titled "Innovation Systems" at the Institute for New Economic Thinking's "Changing of the Guard?" conference in Hong Kong. Featured panelists include Lord David Sainsbury, Edward Jung, Li Daukui, and INET co-founder William Janeway, with INET Governing Board member Peter Jungen moderating.

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Discussion and Q&A at the panel entitled "Which Way Forward: Reflections on Global Turmoil and the Role of Markets, Governments, and Civil Society" at the Institute for New Economic Thinking's (INET) Paradigm Lost Conference in Berlin. April 12, 2012. #inetberlin