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 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 path-breaking book will provide essential insights for business leaders, policymakers, academics and others concerned with managing change in the world economy.
‘Techno-Economic Paradigms’ presents a series of essays by the leading academics in the field discussing one of the most interesting and talked-about socio-economic theories of our times, 'techno-economic paradigm shifts', and its role ...
Nelson Jr, J. R., “Alexander Hamilton and American Manufacturing: A Reappraisal,” Journal of American History, 65(4) (1979) ... Ofek, E. and Richardson, M., “DotCom Mania: The Rise and Fall of Internet Stock Prices,” Journal of Finance, ...
Paying homage to Weber's analysis of the spirit of accumulation and enterprise in the rise of capitalism, Castells defines the spirit of informationahsm as '[t]he culture of creative discussion accelerated to the speed of the ...
... so power in the home is the greatest boon to the housewife.”28 Yet rural electrification took of only after President Franklin D. Roosevelt signed the national law establishing the Rural Electrification Administration on May 2, ...
This edited volume outlines the strategic implications for financial services firms in North America, Europe, and other advanced economies.
Between the 18th and 19th centuries, Britain experienced massive leaps in technological, scientific, and economical advancement
This book looks at the consequences of machine-to-machine transactions using the blockchain socially, technologically, economically and politically.
In our work with CVC expert Heidi Mason, managing partnerof the Bell Mason Group and coauthor of The Venture Imperative, we've seen how CVC efforts succeed only whenled by investment professionals who havetheability to work closelywith ...
Pioneering work on an important new approach to economics.
Stephen R. Barley reflects on over three decades of research to explore both the history of technological change and the approaches used to investigate how technologies, including intelligent technologies such as machine learning and ...