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Why we picked it Perez zooms out to centuries of technological surges and shows a repeating pattern: a new technology installs quietly, gets over hyped into a bubble, crashes, then deploys for real. Knowing which phase you are in tells you whether a trend is early, frothy, or finally ready to build on. It is the macro map behind why some trends pay off years later than the hype suggests.
Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages
From Edward Elgar / Carlota Perez by Carlota Perez 224 pages
- Big technologies move through installation, bubble, and deployment phases.
- Hype and real adoption are often separated by years.
- Where a trend sits in the cycle changes whether you should build now.
