The Power Law: Venture Capital and the Making of the New Future, by Sebastian Mallaby, Penguin Press, 496 pages, $30 "Liberation capital," as investor Arthur Rock called it, "was about much more than ...

In his new book, journalist Sebastian Mallaby breaks down the structures and processes of modern venture capital. But the book fails to mention the danger of funneling capital into a sector that seems ...

The Money Game by Adam Smith (1968). Smith was the pen name of financial journalist George Goodman, and this was his breakthrough — a laugh-out-loud depiction of the financial culture of 1960s New ...

1. In the book, Sebastian Mallaby explains how a collection of sleepy suburbs to the southeast of San Francisco became the center of the tech universe. The area is home to a cluster of elite ...

Sebastian Mallaby, the Paul A. Volcker senior fellow for international economics at the Council and a columnist at the Washington Post, sits down with James M. Lindsay to discuss the likely ...

Most attempts at discovering the next big innovation fail, but some succeed at such a scale that they more than make up for the setbacks. This extreme ratio of success and failure is the “power law” ...

Sebastian Mallaby begins this portrait of the World Bank and its director, James Wolfensohn, by stating: “I didn’t write this book to pick an argument.” Yet Mr. Mallaby’s discussion of the clash ...

An Apple billboard in San Francisco in 2018. Author Sebastian Mallaby shares fresh details about venture capitalists' investments in the tech firm in its early days. (David Paul Morris/Bloomberg News) ...

When economists and politicians talk about creating new Silicon Valley-style tech hubs, they often focus on research universities, government R&D funding, and entrepreneur-friendly regulations. But ...

Most highly ambitious business ventures fail, but the ones that succeed can make billionaires of their early investors. Just look at the most valuable companies in the world today, many of which began ...

On February 1, a panel of monetary policy experts met at AEI to discuss Sebastian Mallaby’s new book, “The Man Who Knew: The Life and Times of Alan Greenspan” (Penguin Press, 2016). In the book, Mr.

“It is a fact that man can’t fly.” That’s what a Washington Post editorial confidently asserted in the early days of the 20th century. Please imagine the certainty about the impossibility of flight ...