Economic history is the study of history using methodological tools from economics or with a special attention to economic phenomena. Research is conducted using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The field can encompass a wide variety of topics, including equality, finance, technology, labour, and business. It emphasizes historicizing the economy itself, analyzing it as a dynamic entity and attempting to provide insights into the way it is structured and conceived.
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
Finance capitalism or financial capitalism is the subordination of processes of production to the accumulation of money profits in a financial system.
Venture capital is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.
William Forsyth Sharpe is an American economist. He is the STANCO 25 Professor of Finance, Emeritus at Stanford University's Graduate School of Business, and the winner of the 1990 Nobel Memorial Prize in Economic Sciences.
Burton Gordon Malkiel is an American economist, financial executive, and writer most noted for his classic finance book A Random Walk Down Wall Street.
Anatole Kaletsky is an economist and journalist based in the United Kingdom. He has written since 1976 for The Economist, The Financial Times and The Times of London before joining Reuters and The International Herald Tribune in 2012. He has been named Newspaper Commentator of the Year in the BBC's What the Papers Say awards, and has twice received the British Press Award for Specialist Writer of the Year.
William Jack Baumol was an American economist. He was a professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, and Professor Emeritus at Princeton University. He was a prolific author of more than eighty books and several hundred journal articles. He is the namesake of the Baumol effect.
Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over $80 billion in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor. Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries.
Hyman Philip Minsky was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College. His research attempted to provide an understanding and explanation of the characteristics of financial crises, which he attributed to swings in a potentially fragile financial system. Minsky is sometimes described as a post-Keynesian economist because, in the Keynesian tradition, he supported some government intervention in financial markets, opposed some of the financial deregulation of the 1980s, stressed the importance of the Federal Reserve as a lender of last resort and argued against the over-accumulation of private debt in the financial markets.
Samuel Stebbins Bowles, is an American economist and Professor Emeritus at the University of Massachusetts Amherst, where he continues to teach courses on microeconomics and the theory of institutions. His work belongs to the neo-Marxian tradition of economic thought. However, his perspective on economics is eclectic and draws on various schools of thought, including what he and others refer to as post-Walrasian economics.
Eliot Janeway, born Eliot Jacobstein, was an American economist, journalist and author, widely quoted during his lifetime, whose career spanned seven decades. For a time his ideas gained some influence within the administration of President Franklin D. Roosevelt, and he was an informal economic advisor to Lyndon B. Johnson, especially during Johnson's years in Congress, though he broke with Johnson over the economics of the Vietnam War. His eclectic approach focused on the interaction between political pressures, economic policy and market trends. He was at times a vigorous critic of the economic policies of presidents from Franklin D. Roosevelt to Ronald Reagan. His enduring pessimism about US economic prospects earned him the nickname "Calamity Janeway".
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies.
The early history of private equity relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.
Alexander Ljungqvist is a Swedish economist, educator, scholar, writer, and speaker. He is a professor of finance at the Stockholm School of Economics, where he is the inaugural holder of the Stefan Persson Family Chair in Entrepreneurial Finance. His areas of expertise include corporate finance, investment banking, initial public offerings, entrepreneurial finance, private equity, venture capital, corporate governance, and asset pricing. Professor Ljungqvist teaches MBA and executive courses in private equity and venture capital and a PhD course in corporate finance.
Lionel I. Pincus was an American businessman and philanthropist. He was the founder of the private equity firm Warburg Pincus, running it from 1966 to 2002, and later became the chairman emeritus of the company.
Paul A. Gompers is an American economist. He is the Eugene Holman Professor of Business Administration at the Harvard Business School. He is the co-author of three books.
Josh Lerner is an American economist known for his research in venture capital, private equity, and innovation and entrepreneurship. He is the Jacob H. Schiff Professor of Investment Banking at the Harvard Business School. According to Web of Science on 2023-06-16 he has 165 indexed publications and a Hirsch index of 66, which puts him in top 5% of economics researchers in the USA. His research encompasses investments, startups, venture capital and private equity.
John Vogelstein is an American businessman who, with Lionel Pincus, established the "venture capital megafund" in the 1960s, while running the private equity firm Warburg Pincus. He joined Pincus and the firm from Lazard Freres in 1967. Pincus was the founder and chairman while Vogelstein was vice chairman and then president. During his time at Warburg Pincus, the company became the financial industry’s first $100 million fund in 1981, and the first $1 billion fund in 1986. He and Pincus went on to raise billions of dollars to invest in companies across diversified industries. He ran the company with Pincus until 2002, when they both stepped down.
