Technological Revolutions and Financial Capital

Technological Revolutions and Financial Capital

The Dynamics of Bubbles and Golden Ages

Carlota Perez

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

Subjects: economics and finance, economics of innovation, evolutionary economics, innovation and technology, economics of innovation, technology and ict


chapter title xiii Acknowledgments The seeds of this book were planted years ago, in 1997, when Erik Reinert invited me to contribute a paper to a seminar in Oslo about financial and productive capital. The topic had been in my mind for a long time, and I was extremely glad to finally be able to approach it with a contract and an interested audience. Since then, both the original paper and my interest grew and grew until they resulted in the present book. My thanks go then, to Erik for the invitation and for his constant support and time for reading and commenting throughout the various versions and to his wife, Fernanda, who found time to support me, while fulfilling her fantastically efficient role as ‘ground crew’ for Erik and for The Other Canon project. My thanks also go to Norsk Investorforum, the Norwegian organization that generously funded my participation in two consecutive seminars on the topic. In The Other Canon project, I was fortunate to come in contact with Wolfgang Drechsler, who patiently read the whole manuscript, gave me valuable suggestions, comments and criticisms and willingly discussed many of my doubts and even minor decisions. Many other colleagues and friends heard presentations, read chapters or whole versions along the way. Their reactions and critical comments and advice were always welcome: Andrew Tylecote, Brian Arthur, Dafne Gil, Despina Kanellou, Francisco Louçã, Gabriel Palma, Giovanni Dosi, Giulio Santosuosso, Gustavo Núñez, Ha-Joon Chang, Howie Rush, Jan Fagerberg, Jan Toporowski, Jorge Sol...

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