Title: Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages
Author: Carlota Perez
ISBN-10: 1843763311
ISBN-13: 9781843763314
Perez (science and technology policy research, University of Sussex) draws on Schumpeter’s discussion of innovation to explain why technological revolutions produce paradigm shifts, new economic opportunities, financial bubbles, and subsequent crises. Examples from the past two centuries fill out the theory. Taking a long-term perspective, the book traces the links between financial capital and productive capital, and considers the implications for globalization. Annotation c. Book News, Inc.,Portland, OR
