Sebastian Mallaby, CFR’s Paul A. Volcker senior fellow for international economics, sits down with James M. Lindsay to discuss how Silicon Valley’s venture capitalists are shaping the future of ...

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 ...

Despite mountains of evidence showing it to be untrue, the belief persists among many Alan Greenspan critics that the Fed’s low interest rate policies of the early 2000s magically made credit “easy” ...

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” ...

Testifying before Congress in 1967, Nobel Laureate Paul Samuelson proclaimed that "Most portfolio decision makers should go out of business - take up plumbing, teach Greek, or help produce the annual ...

Sebastian Mallaby has joined the Council as Director of the Maurice R. Greenberg Center for Geoeconomic Studies (GEC), Deputy Director of the David Rockefeller Studies Program, and Paul A. Volcker ...

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 ...

Listen to Sebastian Mallaby, director of the Council's Maurice R. Greenberg Center for Geoeconomic Studies, discuss U.S. trade policy as part of CFR's State and Local Officials Conference Call Series… ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. Our email exchange touches on many of the issues that emerged in TPM Café bookclub ...

Alfred Winslow Jones, inventor of the hedge fund, never got an MBA. Amazingly, he studied Marxism in Berlin. And he was almost 50 when he become an investor. At the time, in 1948, economists believed ...