Technological Revolutions and Financial Capital, now available in paperback, presents a novel interpretation of the good and bad times in the economy, taking a long-term perspective and linking technology and finance in an original and convincing way.
Carlota Perez draws upon Schumpeter’s theories of the clustering of innovations to explain why each technological revolution gives rise to a paradigm shift and a ‘New Economy’ and how these ‘opportunity explosions’, focused on specific industries, also lead to the recurrence of financial bubbles and crises. These findings are illustrated with examples from the past two centuries: the industrial revolution, the age of steam and railways, the age of steel and electricity, the emergence of mass production and automobiles, and the current information revolution/knowledge society.
By analyzing the changing relationship between finance capital and production capital during the emergence, diffusion and assimilation of new technologies throughout the global economic system, this seminal book sheds new light on some of the most pressing economic problems of today.
"Dr Perez has provided a road map to relevance both for scholars and investors. -- – William Janeway, Vice Chairman, Warburg Pincus and Founder, Cambridge [University] Endowment for Research in Finance, UK
I strongly commend it to all those attempting to understand the past and future evolution of technology and the economy. -- – Christopher Freeman, SPRU – Science and Technology Policy Research, University of Sussex, UK and Maastricht University, The Netherlands
Perez focuses on well-defined issues . . . There are many enlightening findings in this book -- – Bertrand M. Roehner, EH.Net
Perez provides a fresh analysis of technological, financial and social booms and busts in an engaging and refreshing way. -- - Morley Lipsett, Science and Public Policy, October, 2002
Perez shows us that historically technological revolutions arrive with remarkable regularity, and that economies react to them in predictable phases. -- – W. Brian Arthur, Santa Fe Institute, New Mexico
Technological Revolutions and Financial Capital, does an excellent job of showing the interplay between innovation and capital markets. -- - Michale J Mauboussin, The Consilient Observer, December 17, 2002"
Carlota Perez
Carlota Perez. Venezuelan. Researcher, lecturer and international consultant, specialized in the social and economic impact of technical change and in the historically changing conditions for growth, development and competitiveness
She is Professor of Technology and Development at the Technological University of Tallinn, Estonia, Visiting Scholar at the Faculty of Economics, Cambridge University, U.K. and Honorary Research Fellow at SPRU, Science and Technology Policy Research, University of Sussex, U.K.
Her articles from the early 1980s and her book Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages[Elgar 2002] have contributed to the present understanding of the relationship between technical and institutional change, between finance and technological diffusion
and between technology and economic development.
Some of her papers and books are used as study material in post-graduate courses in universities in many countries.
As consultant and lecturer she has worked for various public and private organizations, for major corporations and governments in Latin America, North America and Europe as well as for the EU, the OECD, the UN and several multilateral agencies.
She is frequently invited to participate as international keynote speaker in academic, public policy and business events.
Личен сайт: http://www.carlotaperez.org