By Carlota Perez
'Carlota Perez's insightful research of the speedy development and diffusion of latest applied sciences commonly, and knowledge and Communications applied sciences (ICT) specifically, is a welcome antidote to the bullish and ahistorical hyperbole of the datacom period. . . Do learn the publication. it's important. it's available. it's good offered. it's also fun.'
- Raphie Kaplinsky, Technovation
'It was once Carlota Perez within the early Eighties, who exact the foremost alterations in know-how platforms, resembling mechanization, electrification or computerization, as ''changes of techno-economic paradigm'' a designation which has on the grounds that been generally followed. during this ebook she bargains many new insights into those advanced techniques of social, financial and technological swap. She lines the interactions among that a part of the financial system generally known as ''financial capital'' and the evolution of applied sciences. even if this was once a big point of Schumpeter's unique paintings, it's been ignored through his fans, in order that the booklet fills an incredible hole within the literature on company cycles and strategies. I such a lot strongly commend it to all these trying to comprehend the earlier and destiny evolution of know-how and the economy.'
- Christopher Freeman, SPRU - technology and know-how coverage study, collage of Sussex, united kingdom and Maastricht college, The Netherlands
'Before I learn this booklet i presumed that the background of expertise used to be - to borrow Churchill's word - purely ''one damned factor after another''. now not so. Carlota Perez exhibits us that traditionally technological revolutions arrive with extraordinary regularity, and that economies react to them in predictable stages. Her argument presents a lot wanted point of view not only on heritage, yet on our personal occasions. and particularly on our personal info revolution.'
- W. Brian Arthur, Santa Fe Institute, New Mexico
'This is a smashing e-book. It informs us that the emphasis on finance that marked the excesses of the Nineties has traditionally happened with each one nice wave of latest applied sciences, purely to later shift the point of interest again to creation. interesting. may well the shift ensue back soon.'
- Richard R. Nelson, Columbia University
Technological Revolutions and monetary Capital offers a singular interpretation of the nice and undesirable instances within the financial system, taking a long term viewpoint and linking know-how and finance in an unique and convincing way.
Carlota Perez attracts upon Schumpeter's theories of the clustering of suggestions to provide an explanation for why every one technological revolution supplies upward push to a paradigm shift and a 'New economic system' and the way those 'opportunity explosions', concerned about particular industries, additionally bring about the recurrence of economic bubbles and crises. those findings are illustrated with examples from the earlier centuries: the commercial revolution, the age of steam and railways, the age of metal and electrical energy, the emergence of mass creation and cars, and the present details revolution/knowledge society.
By reading the altering dating among finance capital and creation capital throughout the emergence, diffusion and assimilation of latest applied sciences through the worldwide economy, this seminal ebook sheds new gentle on one of the most urgent fiscal difficulties of today.
A daring interpretation of the way the altering courting among technological advances and monetary capital shapes the styles of monetary cycles, this path-breaking e-book will offer crucial insights for company leaders, policymakers, lecturers and others excited about coping with switch on this planet economy.