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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Aug 03, Deniss Ojastu rated it it was amazing Shelves: The realocating of capital in risky investments leads to a destabilization of weaker markets, the redistribution of capital to those with the capital available to make investments. Geographically, the process is similar. Books about economic growth. This technological breakthrough offers new cost-competitive possibilities in a sluggish landscape [and are classically disruptive in the Christiansen sense].

Really suggested for people who want to go beyond appearance and buzzwords. Technologicaal transitions entailed significant social and economic transformation not only in financial innovation but in society, law, regulatory framework, corporate structure and governance, and public expectations.

Retrieved from ” https: First, it not only is basically technodeterministic, but also finanncial the renewal of technological waves as an apparent inevitability, spurred by some endogenous quality of the technologies themselves, as if they more or less invent themselves or are there a priori to be seized by entrepreneurs.

A technological revolution is a cluster of new technologies, products, and industries causing an upheaval in the economy and propelling a long-term surge in development.

These technological breakthroughs spread far beyond the industries and sectors from which they originated — they cause broad jumps in productivity for a vast span of economic activities. This is one of the most important books on economics and history I’ve ever read. 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.


An innovation that fits in the natural trajectory of the prevailing paradigm is readily accepted by society, allowing progress. Sep 27, Gabriel rated it it was amazing.

It not only offers capitla in historical paradigms, it also gives tools for the future. This is probably the best book I’ve ever read on technology and its impacts on society. By using this site, you agree to the Terms of Use and Privacy Policy.

Book review of “Technological Revolutions and Financial Capital”

And thus technology shapes society. Why do some countries reach or fall of the technological frontier? In turn this develops into a general social acceptance of diversity and individuality. 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.

Whether any particular country in the periphery adopts the new paradigm depends on its ability to take advantage of the opportunity. In Technological Revolutions and Financial CapitalCarlota Perez addresses a few arguments against her model of technological revolutions. The last passage is from Junefinamcial I’d e eager to see the author’s current WTF analysis on the world economy.


– Carlota Perez

All technological revolutions are characterized by the crash at the end of the frenzy phase. The big-bang event offers technologica, visible attractor for investment, sparking the imagination of engineers and entrepreneurs.

The new wealth that accumulates at one end is often more than counterbalanced by the poverty that spreads at the other end.

A lot of food for thought – a useful and very pertinent framework for thinking about how technological innovation, finance and politics interact.

Their desire is to accumulate greater profit-making capacity by innovating, growing, and expanding. Dec 26, Miguel Silva rated it it was amazing Shelves: One might choose to reject the conclusions offered, but the hypothesis framework is super valuable.

Even if you don’t agree with its thesis, the ideas are worth understanding clearly.

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 book sheds light on some of the most pressing economic problems of today. Growing inequality and political unrest. Rockefeller to support them, which I highly recommend seeing. During Irruption there is a love affair with Financial Capitalists with the revolution.

Great pattern recognition but the author is not well-articulated New industries are established, and the construction of new infrastructure begins.