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“Innovation,” wrote the economist William Janeway in his seminal book Doing Capitalism in the Innovation Economy, “begins with discovery and culminates in…
As with the printing press and the dotcom boom, initial frenzy and speculation obscures the lasting legacy of new technologies
By Andrew Sheng and Xiao Geng HONG KONG — US President Joe Biden’s recent executive order restricting American investments in Chinese semiconductors, microelectronics, quantum information technology and artificial intelligence marks another escalation in the Sino-American tech war. In the context of the two superpowers’ intensifying geopolitical rivalry, the chances that this
By Andrew Sheng and Xiao Geng HONG KONG — US President Joe Biden’s recent executive order restricting American investments in Chinese semiconductors, microelectronics, quantum information technology and artificial intelligence marks another escalation in the Sino-American tech war. In the context of the two superpowers’ intensifying geopolitical rivalry, the chances that this
CAMBRIDGE – A central premise of neoclassical economics is that the consequences of the decisions of market participants can be known in advance and quantified as risk-adjusted estimates. As John Kay and Mervyn King showed in their 2020 book, Radical Uncertainty: Decision-Making Beyond the Numbers, such probabilistic reasoning has a long history. As applied in |