Economic growth and development can be conceived as an evolutionary process, punctuated and driven by technological innovations. Investment on the frontier of new technology, new processes and new markets necessarily means investing in an environment of radical uncertainty about the future, in which the past serves as little guide. Bill Janeway draws upon the classic insights of Keynes, Knight and Schumpeter to explain the interdependent roles entrepreneurial firms, the State and financial capitalism have historically played in translating technological innovation into economic development, and how they have changed over time. -- Learn more at https://www.ineteconomics.org/perspectives/videos/venture-capital In this eight-part series, Bill Janeway investigates the relationship between #venturecapital and technological #innovation, and the interdependent roles of entrepreneurial firms, the mission-driven State and financial speculation in the overall innovation system. Credits: Matthew Kulvicki, Nick Alpha, Gonçalo Fonseca, Athullya Roytman, Kurt Semm