Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages is an academic book by Carlota Perez that seeks to describe the. Technological Revolutions and Financial Capital has ratings and 27 reviews. Carlota Perez draws upon Schumpeter’s theories of the clustering of. Technological Revolutions and Financial Capital presents a novel interpretation of the Carlota Perez draws upon Schumpeter’s theories of the clustering of.

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As well as your comparison to gentrified Brooklyn which I guess came in part from my dissertation intro and Park Slope experience….

She wrote the book right after the dot-com crash of the late 90’s and so we can already see that there was at least one mistake in her predictions because the “turning point” into the deployment period ended up stretching out much longer than she tedhnological at the time. Likewise, unrest in technology forces past the inertia calrota the social sphere.

Nov 06, Elaina Wesel rated it it was ok. In Technological Revolutions and Financial CapitalCarlota Perez addresses a few arguments against her model of technological revolutions. Views Read Edit View history.

Third, and as a consequence of the first revolutione, Perez is largely blind to the role of political and economic geography.

Book Summary: Technological Revolutions, by Carlota Perez

In Technological Revolutions and Financial CapitalCarlota Perez outlines five revolutions that each upended the economy. Really suggested for people who want to go beyond appearance and buzzwords.

But other collapses may have other causal chains. The big-bang event offers a visible attractor for investment, sparking the imagination of engineers and entrepreneurs. Oct 01, John Kentigern rated it it was amazing. 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.


Thus producers benefited from large economies of scale, encouraging homogenization of consumption. This establishes the paradigm and lowers cost of adoption for an ever-wider circle, until it penetrates the whole economy. Technological Revolutions and Financial Capital: This is amd trigger for regulatory and institutional change to adapt to the new revolution.

Open Preview See a Problem? For that, a more direct political-economic analysis would be necessary, and that is outside the scope of what Perez cuts out for herself in this otherwise technolgoical valuable book. By analyzing the changing relationship between finance capital and production capital during the emergence, revolutons and assimilation of new technologies throughout the global economic system, this seminal book sheds new light on some of the most pressing economic techno,ogical of today.

There are no discussion topics on this book yet.

Book review of “Technological Revolutions and Financial Capital”

Perez tells you where we are in the cycle of change in techno-economic paradigm and tells us what to expect over the next decade. The role of financial capitals – loans, stock markets etc – is analysed in depth in the book, depicting in a very coherent manner how at times financial agents are treated as the main force behind the growth, revolutikns at other time – as “evil genius”.

That is even easier for Europeans than adopting a standardized American way of life which they happily did. Globalization, Poverty and Inequality: Reschedule debts Brady Bonds, swaps Buy active production assets mergers, takeovers Acquire and mobilize rent-type assets real estate, futures.

The four phases model is deliberately meant to be impressionistic. Geographically, the process is similar. It helps to ahd from the end of the previous revolution, which offers the gestational environment for new innovation. Each revolution has unique ideological, institutional, political factors that lead to particularities, but the general shape holds true. Oct 07, Nynke Doesburg rated it it was amazing.


The thesis is based on five technological resolutions since the onset of industrial age, each roughly running half a century. Finally, given the time lag of diffusion of the technology, the core countries in the revolution may be experiencing trouble at the same time that catching-up cteountries are reaching their maximum height. But the safeguards that exist are only present as to the extent that they enable the continuation of the system that they are designed to oversee.

The artists and activists and young rebel. The idle financial capital is moving to new sectors and new regions where it may lay the foundation of the next great surge. The model consists of four phases — irruption, frenzy, synergy, and maturity — and deftly describes the tension between agents of technological change, the real economy, the financial or “paper” economy, and sociopolitical institutions at the various stages between the introduction and deployment of new technological paradigms.

Feb 17, Ashraf Alhashim rated it it was ok.

– Carlota Perez

Technological Revolutions and Financial Capital: Return to Book Page. There have been 5 technological revolutions in the calital 2 centuries. Between sectors, the most closely connected industries form very high synergy and intensive feedback effects.

These findings are illustrated with examples from the past two centuries: