Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages

By Marie-Aimée Tourres. 2003

234 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/64c1663c9b8983bf85d7793b6e331721356d9d7d

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In Economics and Econometrics

Citations in the corpus

Technology and the Economy (2002, background): “At an even higher level of generality, Freeman and Perez (1988), Freeman and Louça (2001) and Perez (2002) have used the notion of techno-economic paradigms as a synthetic definition of macro-level system of production, innovation, political governance and social relations.”
Twenty challenges to innovation studies (2015, background): “As Perez (2002) has eloquently described, economic history has been punctuated by periods of unbridled optimism or 'irrational exuberance', giving rise to a rapidly expanding 'bubble' that at some point inevitably bursts with disastrous financial consequences.”
A socio-technical perspective on low carbon investment challenges – Insights for UK energy policy (2015, background): “…is achieved, Perez argues, there is potential for a ‘golden age’ where financial capital supports the development of productive technological systems, enabling in the past significant investment programmes in infrastructures such as canals, railways, and telecommunications (Perez, 2002, 2013).”
Beyond market failures: the market creating and shaping roles of state investment banks (2016, unknown): “This situation, which has repeated itself in capitalist history (Perez 2002), does call for public policy intervention, which may take the form of a reform of the financial system and/or of innovation and fiscal policies (for example, through SIBs) – both of which were policies implemented in the…”
One-to-One Technology-Enhanced Learning: an Opportunity for Global Research Collaboration (2006, methodology): “In 1939, Schumpeter pointed out that the major waves of economic growth and technological transformation are successive industrial revolutions.”
Creative Destruction in Economics: Nietzsche, Sombart, Schumpeter (2006, methodology): “Inspired by the framework in Schumpeter (1939), today the idea of creative destruction lies at the heart of the cyclical theories of economic life associated with Carlota Perez (Perez 2002a, 2002b) and Christopher Freeman (Freeman & Louca 2001).”
Does Innovation Cause Stock Market Runups? Evidence from the Great Crash (2008, background): “This epoch, while not altogether exceptional given previous technological revolutions (Carlota Perez 2002), was distinguished by a particularly broad base of innovations that became the principle object of stock market speculation (Fisher 1930).”
Economic crisis and innovation: Is destruction prevailing over accumulation? (2013, unknown): “Scenario (b) is based on the assumption that economic turbulence makes it possible for new and small firms to emerge in a competitive market through innovation (Tushman and Anderson, 1986; Henderson and Clark, 1990; Simonetti, 1996; Freeman and Louca, 2001; Perez, 2002, 2009).”
Climate-Resilient Pathways: Adaptation, Mitigation, and Sustainable Development (2014, background): “An important characteristic of such socio-technical transitions are the interactions and conflicts between new, emerging systems and established regimes, 20 with strong actors defending business-as-usual (Kemp, 1994; Perez, 2002; IPCC, 2012).”
Addressing barriers to eco-innovation: Exploring the finance mobilisation functions of institutional innovation intermediaries (2016, background): “Scholars consider financiers as crucial to support the commercialisation and diffusion of new, clean and low-carbon technologies generated by eco-innovation processes (Hekkert & Negro 2009; Hekkert et al. 2007; Perez 2002; Schumpeter 1939), and several researchers have highlighted an underinvestment”
Urban Competitiveness and Public Procurement for Innovation (2011, background): “…competitiveness is also based on the crisis of the mass production paradigm beginning in the 1970s and the emerging problems of industrial cities (in Europe as well as in North America) in the 1980s (Savitch and Kantor, 2002, for a comparative overview; Perez, 2002, on techno-economic paradigms).”
The Political Economy of Energy Transitions: The Case of South Africa (2014, background): “Finance also features highly in historical accounts of waves of innovation and transition (Perez 2002, 2013).”
The impact of the financial-economic crisis on sustainability transitions: Financial investment, governance and public discourse (2013, background): “Proponents of this view build on the work of Freeman and Perez (1988) and Perez (2002), who distinguish five long waves (techno-economic paradigm shifts) in the last 200 years, which were driven by new pervasive technologies.”