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"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 innovati...

"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 book sheds light on some of the most pressing economic problems of today.

(From Goodreads)

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ISBN: 1843763311

ISBN-13: 9781843763314


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The single best book to understanding how this [software] industry works.

Brad got this book from someone, not sure who, and when he finished it, he said "you have to read this." I did and it became the basis for much of our investment thesis. We concluded that the period of building and investing in the infrastructure of the Internet revolution had pas...

Brad got this book from someone, not sure who, and when he finished it, he said "you have to read this." I did and it became the basis for much of our investment thesis. We concluded that the period of building and investing in the infrastructure of the Internet revolution had passed and it was time to invest in the application layer. But much more than that important and simple insight, this book gave us a framework to think about what the Internet was doing to markets, society, and business. We still refer to it frequently. And I think it is still very relevant to the environment we are operating in right now because the Internet is the mother of all technological revolutions and it is important to understand exactly what that means.

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When people in tech want to sound smart, one name you can drop is Carlota Perez. Her book Technological Revolutions and Financial Capital is a rare accomplishment: it’s a top-down “grand theory” book about the innovation economy, written by an academic rather than an on-the-ground...

When people in tech want to sound smart, one name you can drop is Carlota Perez. Her book Technological Revolutions and Financial Capital is a rare accomplishment: it’s a top-down “grand theory” book about the innovation economy, written by an academic rather than an on-the-ground practitioner, that actually gets things right. Read it alongside Bill Janeway’s Doing Capitalism in the Innovation Economy, the number one book that’s most influenced my own thinking.

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I read Perez's fantastic book "Technological Revolutions and Financial Capital" for the third time over the summer, and I think it's worth adding to your mental model for thinking about #Bitcoin adoption.

Technological Revolutions and Financial Capital is worth reading and re-reading IMO