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Technological Revolutions And Financial Capital |
Carlota Perez, Honorary Research Fellow, SPRU – Science and Technology Policy Research, University of Sussex, UK, Adjunct Senior Research Fellow, United Nations University-Institute for New Technologies, Maastricht (UNU-INTECH), The Netherlands, Visiting Scholar 2002, Cambridge University, UK and International Consultant and Lecturer on Change Strategies and Technology Policy, Eureka A.C., Caracas, Venezuela
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| 2002 |
224 pp |
Hardback |
978 1 84064 922 2 |
£47.00 |
on-line discount
£42.30 |
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| 2003 |
224 pp |
Paperback |
978 1 84376 331 4 |
£25.00 |
on-line discount
£20.00 |
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‘Before I read this book I thought that the history of technology was – to borrow Churchill’s phrase – merely “one damned thing after another”. Not so. Carlota Perez shows us that historically technological revolutions arrive with remarkable regularity, and that economies react to them in predictable phases. Her argument provides much needed perspective not just on history, but on our own times. And especially on our own information revolution.’
– W. Brian Arthur, Santa Fe Institute, New Mexico
‘It was Carlota Perez in the early 1980s, who designated the major changes in technology systems, such as mechanisation, electrification or computerisation, as "changes of techno-economic paradigm" a designation which has since been widely adopted. In this book she offers many new insights into these complex processes of social, economic and technological change. She traces the interactions between that part of the economy commonly known as "financial capital" and the evolution of technologies. Although this was an important aspect of Schumpeter’s original work, it has been neglected by his followers, so that the book fills an important gap in the literature on business cycles and innovations. I most 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
Technological Revolutions and Financial Capital 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.
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Contents: Preface by Chris Freeman Introduction: An Interpretation Part I: Technological Revolutions as Successive Great Surges of Development Part II: Technological Revolutions and the Changing Behavior of Financial Capital Part III: The Recurring Sequence, its Causes and Implications Epilogue: The World at the Turning Point Bibliography Index
View the author's website at
http://www.carlotaperez.org
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