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Knott Anne Marie: The US Innovation War
with China

The US Innovation War with China

Bringing a Knife to a Gunfight

A centuries-spanning tour de force that speaks directly to the present, The Global Origins of Capitalism will reshape our understanding of economic history. Democratic market societies are in crisis. Social dislocation, anomie, and global ecological collapse live side-by-side with unimaginable wealth. Alongside real global improvements in health and longevity we find ourselves buffeted by a never-ending cycle of forces beyond our power or understanding. Gradually over a thousand years, and then quickly in the blink of an historical eye, capitalism has taken over human life, transforming our social relations and very consciousness. In The Global Origins of Capitalism, Yochai Benkler describes how this out-of-human-control dynamic evolved to the point where it overwhelmed all opposition, bringing with it both unimaginable prosperity and recurring patterns of inequality and social dislocation, and why all efforts to tame it have, to this point, failed. In doing so, Benkler provides a major reinterpretation of the entire history of modern capitalism, from the founding of Baghdad--the first major proto-capitalist node in a half-globe-spanning network through which institutions and knowledge, technologies and raw materials, people and products flowed--to the present. Innovation, production, trade, and distribution have always involved creation and leveraging of power, yet power is an issue that, over time, the mainstream economics profession came to treat as secondary or even insignificant. For that reason, only a new institutional political economy, one that puts power at the core of our analysis, can help us grasp our condition and point us toward solutions. New technologies created amazing new possibilities for production, but also triggered unemployment, migration, and conflict as new ways of doing things disrupted settled ways of life, making some poor and others rich. The invention of finance made the first capitalist states the most powerful countries in the world, but also introduced the boom-bust cycles that have destabilized modern societies ever since. After charting the entire trajectory of global capitalism through this political-economic prism, Benkler closes with an analysis of our present crisis, in which the system that has governed our lives since the 1970s is collapsing around us. A centuries-spanning tour de force that speaks directly to the present, The Global Origins of Capitalism shows how economic history and political history are really one and the same. This is an open access title available under the terms of a CC BY-NC-ND 4.0 International license. It is free to read at Oxford Academic and offered as a free PDF download from OUP and selected open access locations.

Power, Productivity, and the Evolution of Modern Market Societies

The Global Origins of Capitalism

The MIT Press Essential Knowledge series

A clear, nontechnical guide to why cryptocurrency exists, how it reshapes trust and money, and why it matters beyond speculation. How do we build trust in a digital world where institutions, platforms, and intermediaries increasingly mediate money, identity, and ownership? In Cryptocurrency and Blockchain, Marco Di Maggio offers an essential guide to cryptocurrencies and blockchains—two of the most misunderstood technological and economic transformations of the digital age. Rather than focusing on price charts, hype cycles, or programming details, Di Maggio explains why these technologies exist, what problems they attempt to solve, and why they matter for people who are not crypto insiders. Using plain language, analogies, and real-world examples, the book explains how cryptocurrencies reshape core concepts of money, property, markets, and governance. The author explores topics such as how and why Bitcoin is used as a financial fallback, what stablecoins are and how they have become critical infrastructure for global payments, and how NFTs introduced a new notion of ownership and identity on the internet. Written for curious readers, journalists, students, policymakers, and professionals, Cryptocurrency provides a conceptual framework for understanding crypto as infrastructure, not ideology—helping readers see past the noise to grasp the deeper forces reshaping money, trust, and coordination in the digital economy.

Cryptocurrency and Blockchain

For more than a century, the United States has relied on the income tax to fund government and shape distributional policy. Designed to tax both labor and capital, the system has drifted from that ambition. The Income Tax Collapse offers a clear, accessible account of how this shift occurred.
At the center of the book is the set of techniques known as "buy, borrow, die", longstanding features of tax law that allow wealthy households to accumulate and spend capital income while reporting little or none of it. These practices now shape outcomes for entrepreneurs, business owners, workers, mixed work-wealth households, and the wealthiest citizens.
Looking ahead, the book identifies the structural pressures driving the system and presents realistic reform options, from adjustments to realization rules to broader shifts such as mark-to-market, wealth taxation, or progressive spending taxes.

Buy, Borrow, Die and Beyond

The Income Tax Collapse

How most investing decisions differ from what the data say works—and how replacing myth with measurement can improve outcomes. The Accidental Venture Capitalist examines how early-stage investment decisions are actually made—and why so many of them diverge from what the evidence says should work. Written by an academic-turned-venture capitalist Scott Shane, the book sits at the intersection of rigorous research and lived investing experience. Its central premise is simple but uncomfortable: in venture capital, folklore and intuition dominate practice, even though decades of empirical research offer more reliable guidance on selection, pricing, portfolio construction, and incentives. The book follows the full arc of the venture process, from fund design and deal sourcing to valuation, syndication, follow-on investing, governance, and exits. Each chapter takes a familiar maxim—“bet on the jockey,” “do more diligence,” “double down on winners”—and tests it against large-sample academic evidence and real investment outcomes. Shane’s analysis is grounded in power-law economics, behavioral decision-making, and incentive alignment. And he is transparent about mistakes as well as successes, treating his own funds as a living laboratory rather than a victory lap. The book also offers practical tools—checklists, heuristics, simple models—that translate evidence into decisions investors can actually implement.

Why Evidence Beats Instinct in Early-Stage Investing

The Accidental Venture Capitalist

Argentine Freedom
 is the first account of the most disruptive figure in Argentine history since the nation’s return to democracy. In just a few years, Javier Milei rose from television economist and social media provocateur to president of a country long defined by crisis, state intervention, and political polarization. His ascent has sparked fierce debate at home and abroad: Is Milei a threat to democracy, a neo-conservative, or the herald of a much larger revival of the classical liberal tradition?
 
 The book provides a balanced examination of Milei’s rise to power. Rather than judging his policies, economic historian Sebastián Álvarez and political philosopher Ezequiel Spector ask a deeper set of questions: Where do Milei’s ideas come from? How do they relate to Argentina’s liberal tradition and its history of populism, socialism, and authoritarianism? And what does his presidency reveal about the tensions between liberty, equality, and democracy in the twenty-first century?&nbsp;
 
 Blending economic history, political philosophy, and contemporary analysis,&nbsp;
 Argentine Freedom
 traces Argentina’s long ideological arc from the liberal foundations of the 1853 Constitution, through Peronism, military rule, neoliberal reform, and the interventionist turn after the 2001 collapse, to the two liberal “waves” that culminated in Milei’s election. Along the way, it unpacks the meanings of liberalism and libertarianism, contrasts them with their main rivals, and situates Milei within both national history and a broader global surge of anti-establishment leaders.
 
 The resulting book offers a new way to understand Javier Milei as a political actor—and Argentina as a country once again at a crossroads.
 Sebastián Álvarez
 is Professor at Universidad Adolfo Ibáñez in Chile and Associate Researcher at the Graduate Institute in Geneva, Switzerland. His work explores the history of finance and banking in Latin America, with particular attention to how capital markets shape economic policy and international relations. He is the author of 
 Mexican Banks and Foreign Finance
 (Palgrave Macmillan, 2019).
 Ezequiel Spector
 is Research Professor and Director of the Master of Arts program in Philosophy, Politics, and Economics at Adolfo Ibáñez University in Chile. He is the author of 
 Freedom as Social Cooperation
 &nbsp;(Palgrave Macmillan, 2026).

Javier Milei and the Libertarian Wave

Argentine Freedom

A blunt, accountability-driven road map for anyone ready to stop being broke and start building real financial stability, from Financial Audit host and personal finance guru Caleb Hammer You don’t have a money problem; you have a discipline problem. You've been swiping, hoping, and avoiding your bank app like it’s going to personally insult you. In Financial Audit, Caleb Hammer brings the same raw, no-excuses energy of his wildly popular YouTube show straight to you. Now anyone can get the audit they need—privately, and step-by-step. There's no sugarcoating, coddling, or millionaire fantasy talk here. Instead of vague motivation or complicated investing theory, you get a clear plan: Track your money, face the truth, fix the leaks, kill the debt, and build real savings. You’ll learn how to: <ul><li>Stop spending money you don’t have</li><li>Build a budget you’ll actually follow</li><li>Destroy high-interest debt</li><li>Stack a real emergency fund</li><li>Start investing in your future</li></ul> You don’t need a miracle, and you certainly don't need to "manifest abundance." You need the audit. So let’s get to work.

The No-Excuses Guide to Getting Out of Debt and Finally Taking Control of Your Money

Financial Audit

ESSENTIALS OF DERIVATIVE SECURITIES

Harriman House Essentials

No Worries

The Art Law Library

This open access book investigates the role played by copyright on the digitisation of cultural heritage from three angles: the theoretical differences between cultural property law and copyright; a comparative analysis of the EU, UK, and US; and analysis of current practices and concerns, based on empirical research. As heritage digitisation projects become increasingly common for purposes such as preservation and access, the impact of copyright is also becoming more problematic. In order to provide a full and current picture of the copyright problem, the book first introduces the reader to the debates on the scope and ownership of cultural heritage and provides an overview of the copyright implications of the digitisation process and newer uses, including 2D and 3D scanning; virtual and augmented reality; text and data mining; and artificial intelligence. The author then divides the main critical analysis into three parts, referred to as the 'clashes with copyright'. The first, clash in theory, lies between cultural property law and copyright justification theories. The second clash is in the different legal approaches to digitising in-copyright, public domain, orphan, out-of-commerce and unpublished works in the chosen jurisdictions, focusing on the relevant rights and defences. The third clash is in the interests of stakeholders, based on public reactions to existing projects and cases, supported by interviews with heritage professionals engaging in digitisation. By placing itself in this particular intersection of law, heritage, and technology, the book will be of interest to both intellectual property academics and cultural heritage professionals. The ebook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com.

Clashes with Copyright Law

Digitising Cultural Heritage

For decades, the US assumed ideas would naturally flow from research into commercialization. That assumption no longer holds. As Anne Marie Knott shows, the US innovation system is no longer fit for purpose in an age of great-power rivalry. Since 1980, American R&amp;D productivity has fallen dramatically, while China has become far better at turning R&amp;D into growth. Why? Because the two countries operate from fundamentally different models of innovation. The United States follows a 'river' logic: produce frontier science and trust the market to carry discoveries downstream. China follows a 'lake' logic: absorb, develop, diffuse, and capture value. Drawing on new empirical research and a widely applicable measure of R&amp;D productivity, Knott challenges seven myths shaping US innovation policy and offers a reform agenda built less on new spending than on using existing tools far more effectively. The result is a provocative account of innovation, growth, and national power.

Project Management, Planning and Control: The Art and Discipline of Delivery, Ninth Edition is a comprehensive guide designed to equip the reader with essential principles and techniques for managing engineering and technical projects from start to finish. This ninth edition is a widely recommended handbook, now enhanced with fresh insights to meet the evolving needs of project management professionals. Featuring brand new case studies, this edition includes significant updates on governance, adjudication, Building Information Modeling (BIM), agile project management, culture and diversity, international projects, sustainability, artificial intelligence, and digital tools. Chapters are restructured with clearly titled sections organized by theme, improving clarity and usability. Ideal for those pursuing Project Management Professional (PMP) qualifications, this edition aligns with the latest Project Management Body of Knowledge (PMBOK) from both the Project Management Institute (PMI) and the Association of Project Management (APM). It also includes questions and answers to help readers test their understanding. This book is an indispensable resource for both students and seasoned professionals seeking to master project management.

The Art and Discipline of Delivery

Project Management, Planning and Control

A collection of eye-opening natural experiments, showing how economists uncover cause-and-effect relationships and reveal insights about our world. Does having a daughter change how a congressperson votes? How did a nineteenth-century doctor help discover germs? Is it better to go first or second in a penalty shootout? Why don’t diplomats pay their parking tickets? Do leaders really matter? These are all questions economists ask. Some of these questions are serious, others less consequential. But all are interesting—and can be answered by way of the natural experiment. A natural experiment is an event in the real world that neatly divides people into a treatment and control group—and it is one of the greatest tools in the economist’s toolkit. In Daughters, Diplomats, and Death, Patrick Gourley discusses why and how economists have leveraged this powerful method to answer questions that were long thought unanswerable. In the vein of Freakonomics, Nudge, and The Tipping Point, the book takes the reader on a lively and engaging tour of some of the most fascinating natural experiments, explaining how they work, how they help social scientists answer questions, and what conclusions they reached. The experiments illuminate a wide range of timely issues in health, education, reproductive issues, and the environment, lending rich and much-needed nuance to the complex debates that shape today’s headlines.

How Economists Use Natural Experiments to Decipher Our World

Daughters, Diplomats, and Death

The US Innovation War with China

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