Book · 224 pages
Technological Revolutions and Financial Capital
Carlota Perez · Goodreads Paid Advanced
Perez shows that real technological revolutions run on 50 year cycles with a predictable frenzy, a crash, and then a long deployment where the durable value actually shows up. It reframes bubbles as a normal phase of a real shift rather than proof it was fake. Read it to tell the difference between a passing mania and the early froth of something structural.
- Real revolutions include a bubble, so hype alone proves nothing
- Durable value shows up in the long deployment phase, not the frenzy
- Structural shifts follow a recognizable multi decade pattern
