Science group seeks to guide Silicon Valley philanthropists

Why life science needs its own Silicon Valley.

Its Own Silicon Valley Human genomics won’t reach its full potential until it has a sizable industry cluster. But how to create one? And where? by Fariborz Ghadar, John Sviokla, and Dietrich A. Stephan FIRST Sometime soon, in some location on Planet Earth, an assortment of companies, research institutions, entrepreneurs, and scientists will cluster together in an industrial ecosystem. Their goa...

The Legal Road to Replicating Silicon Valley

Must policymakers seeking to replicate the success of Silicon Valley’s venture capital market first replicate other US institutions, such as deep and liquid stock markets? Or can legal reforms alone make a significant difference? In this paper, we compare the economic and legal determinants of venture capital investment, fundraising and exits. We introduce a cross-sectional and time series empi...

A Theory of Silicon Valley

This paper presents a model of the software-focused, venture-backed entrepreneurship found in the San Francisco Bay Area, or “Silicon Valley.” Three kinds of markets matter in the model: (1) the financial market for venture capital, (2) the labor market for engineers, and (3) the collection of product markets successful technology companies serve. The key economic actors are elite “engineers” w...

Should Egalitarians Expropriate Philanthropists?

Should Egalitarians Expropriate Philanthropists? Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption. We show that, rather than reducing it, philanthropy ma...

MIFTAH AL-TIBB WA-MINHAJ AL-TULLAB THE KEY TO THE SCIENCE OF MEDICINE AND THE STUDENTS GUIDE TO STUDY