Interestingly, this reminds me a lot of the view espoused by Bill Janeway in Doing Capitalism in the Innovation Economy [1], which, among many other things, stu

Interestingly, this reminds me a lot of the view espoused by Bill Janeway in Doing Capitalism in the Innovation Economy [1], which, among many other things, studies the history of business cycles. It's a great book. [1] http://www.amazon.com/Doing-Capitalism-Innovation-Economy-Speculation/dp/1107031257 http://www.amazon.com/Doing-Capitalism-Innovation-Economy-Sp...