Investment banking is central to risk taking for an evolving economy. Innovation involves uncertainty, mutation and failure as well as planned success. The history of the development of risk capital is to be covered. The distinction between commercial banking and investment banking must be made clear.
7.1 Several "press button" displays laying out the various initial stages for the financing of firms are called for.
7.2 A history of venture capitalism from Babylon to the industrial revolution. The financing of trade
7.3 19th and 20th century venture capitalism The financing of innovation
7.4 Modern American venture capitalism.
7.5 Venture capital, stockmarkets and financial instruments.
7.6. The IPO
7.7. Merchant bankers and venture capitalists
7.8 Venture capital, innovation and mutation: Economics and biology.