Technological Revolutions and Financial Capital

The Dynamics of Bubbles and Golden Ages

By Carlota Perez (2003)

"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. Carlota Perez draws upon Schumpeter's theories of the clustering of innovations to explain why each technological revolution gives rise to a...