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Technological Revolutions and Financial Capital

Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages is a nonfiction book by Carlota Perez that seeks to academically treat the subject of financial bubbles in modern economies by analyzing the emergence of long term technology trends. The model articulated by Carlota Perez is applied to technology trends over the past three centuries with examples such as: the age of steam and railways, the age of steel and electricity, mass production and the automobile and the current information/knowledge society.[1][2]

Technological Revolutions and Financial Capital
Cover for the book Technological Revolutions and Financial Capital by Carlota Perez.jpg
Cover of the first edition (hardcover)
Author Carlota Perez
Country United States
Language English, Spanish 2004, Korean 2006, Chinese 2007, Russian 2010
Genre Non-fiction
Publication date
April 2003
Media type Print (Paperback) & ebook
Pages 224 pp
ISBN 1843763311

Critical reviewsEdit

A Foreign Affairs review said "A broad-sweep 'think piece' in the Schumpeterian spirit, this book discusses the relationship between major technological innovations and financial booms and busts." [3]

An Economist article summarizes her work, "In her book, “Technological Revolutions and Financial Capital”, Ms Perez traces five boom-and-bust cycles of technological innovation: the industrial revolution; steam and railways; steel, electricity and heavy engineering; oil, cars and mass production; and information technology and telecommunications.[4]