A Great Stagnation or a New Golden Age of Innovation?
APRIL 23, 2011
In her 2002 book Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages , scholar and writer Carlota Perez brings a historical perspective to these patterns of technology-based disruptive innovations. One can take good ideas already in use elsewhere, adopt them, and make use of underused stocks of people and capital. Here is the way things are supposed to work.