Technological Revolutions and Financial Capital by Carlota Pérez

It always happens: one comes across the most interesting and enriching books indirectly and this was the case with Carlota Pérez’s work.

Technological Revolutions and Financial Capital, as defined by the author, aims at finding a pattern and recurrent change sequences in the internal functioning of the capitalist system. It’s extremely difficult to sum up a book like this one, taking into account the useful and abundant information it grants. Nonetheless and from my perspective, the main two ideas defended by the author are the following:

On the one hand, since the end of the 18th century the economic growth has gone through five stages, linked to five key tecnological revolutions:

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