The Diversity, Complexity, and Evolution of High Tech Capitalism

1 — The Changing Face of Capitalism.- Stumbling Giants and a New Breed of Startup Companies.- Economic Diversity.- What is High Technology?.- Technological Evolution at the Edge of Chaos.- The Collision with the Environment.- Where Did Marx Go Wrong?.- The Freedom to Create.- Bibliographic Notes.- References.- 2 — New Webs and New Constituencies 19.- What is a Strategic Alliance?.- Universities and Federal Laboratories: The New Breeding Grounds for High Tech Companies.- References.- 3 — Messages, Images, and Robots.- The Bewildering Future of the Telephone.- Supercomputers and Parallel Processing.- Artificial Intelligence.- Robots: Slaves or Masters?.- Bibliographic Notes.- References.- 4 — The Technology Frontier.- The Rise and The Fall of the Passenger Train.- What is Productivity?.- Pushing the Technology Envelope.- Complexity and Evolution: The Santa Fe Institute.- Bibliographic Notes.- References.- 5 — Economic Logistics.- The Dimensions and Mathematical Techniques of Economic Logistics.- Innovation and Technological Change in an Industry Network.- Budding and Cross-Fertilization.- Bibliographic Notes.- References.- 6 — Of Princes, Diplomacy, and Battle Cries.- The Strategies of Takeovers and Acquisitions.- Capital Gains: How to Make Them.- The Anatomy of a Hostile Takeover: RJR Nabisco.- Are Corporate Raiders Good or Bad for Industry?.- Bibliographic Notes.- 7 — The Long Waves: Evolution or Chaos?.- The Long Swings.- Reversible and Irreversible Time.- The Ebbs and Tides of Basic Innovations.- The Diffusion of New Technology and New Products.- The Possibility of Chaos.- Turbulence and Shake-Out in U.S. Industry.- Bibliographic Notes.- References.- 8 — Genetic Selection and Biotechnology.- Early Technology on the Farm.- The Creation of New Varietiesand New Species through Hybridization and Selection.- Pesticides and Herbicides.- Genetic Engineering on the Farm.- Genetically Engineered Drugs.- The Biotech Boom, and the Food and Drug Administration.- Ethical Questions: Are We Playing God?.- Bibliographic Notes.- References.- 9 — Combustion, Fission, and Fusion.- Are We Running out of Oil?.- The Hidden Costs of Oil.- Coal and Natural Gas.- Don’t Drink the Water and Don’t Breathe the Air.- Nuclear Fission and Nuclear Fusion.- Yin and Yang.- Bibliographic Notes.- References.- 10 — Ventures and Start-up Companies.- Silicon Valley: the First Technopolis.- The R&D Consortium.- The Business of Incubation: Breeding and Nurturing New Companies.- Venture Capital.- Enterprise Zones.- References.- 11- Riches From Junk.- Background: The Market for Government Treasury Bonds.- Corporate Bonds: Investment Grade and Below Investment Grade.- Michael Milken: Financial Genius or a Criminal?.- The Importance of High-Risk Debt.- The Future of Junk.- Bibliographic Notes.- References.- 12 — Thrifts and Banks in Turmoil.- The Savings and Loan Debacle.- Financial Innovation: Packaging and Re-packaging Mortgage Securities.- Electronic Money.- The Sorry Story of U.S. Banking.- Bibliographic Notes.- References.- 13 — The Social Management Of Technology: Where Are We Headed?.- The Blessings and Curses of Technology.- How Can Society Manage Technology.- Regulation.- Hearings and Licensing.- Industrial Policy.- Technological Infrastructure.- Commercialization Policy.- The Swarming of High Technology.- The Management of the Future.- Bibliographic Notes.- References.- References.- Index of Corporations and Executive Officers.- About the Author.