Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages,Used
Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages,Used
Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages,Used

Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages,Used

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Technological Revolutions and Financial Capital presents a novel interpretation of the good and bad times in the economy, taking a longterm 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 paradigm shift and a 'New Economy' and how these 'opportunity explosions', focused on specific industries, also lead to the recurrence of financial bubbles and crises. These findings are illustrated with examples from the past two centuries: the industrial revolution, the age of steam and railways, the age of steel and electricity, the emergence of mass production and automobiles, and the current information revolution/knowledge society.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 seminal book sheds new light on some of the most pressing economic problems of today.A bold interpretation of how the changing relationship between technological advances and financial capital shapes the patterns of economic cycles, this pathbreaking book will provide essential insights for business leaders, policymakers, academics and others concerned with managing change in the world economy.

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Frequently Asked Questions

  • Q: What is the main theme of 'Technological Revolutions and Financial Capital'? A: The book explores the relationship between technological advancements and financial capital, explaining how technological revolutions impact economic cycles and lead to financial bubbles and crises.
  • Q: Who is the author of this book? A: The author of 'Technological Revolutions and Financial Capital' is Carlota Perez.
  • Q: How many pages does the book have? A: The book contains 224 pages.
  • Q: What is the publication date of the book? A: The book was published on April 26, 2003.
  • Q: What category does this book fall under? A: This book is categorized under Economic Conditions.
  • Q: Is the book available in different formats? A: The book is available in paperback format.
  • Q: What economic theories does the author reference in the book? A: The author draws upon Schumpeter's theories regarding the clustering of innovations and the resulting economic shifts.
  • Q: Does the book provide historical examples? A: Yes, it illustrates findings with examples from the past two centuries, including the industrial revolution and the information revolution.
  • Q: What audience would benefit from reading this book? A: The book is beneficial for business leaders, policymakers, academics, and anyone interested in understanding economic change.
  • Q: What insights does the book offer regarding current economic issues? A: It provides essential insights into the changing dynamics between finance capital and production capital, shedding light on pressing economic problems today.