Naomi R. Lamoreaux and Kenneth L. Sokoloff, eds. Financing Innovation: In the United States, 1870 to the Present

This edited volume makes a large and welcome contribution toour understanding of the history of entrepreneurial financein the United States. The focus of the volume is on innovationby both corporations and entrepreneurs. It examines all theimportant forms of financing, including wealthy individuals(who we now call angels), venture capital, government financingand debt. Scholars of many disciplines, including economics,finance, entrepreneurship, business history, and organizationalnetworks will find this volume to be of interest and the essayscan be read either selectively or globally. Lamoreaux and Sokoloff's introduction is a significant chapterin itself, providing a rich historical analysis of the riseof the U.S. patenting system. The editors also provide a