Carlota Perez

Researcher, lecturer and international consultant, specialized in the social and economic impact of technical change and in the historically changing conditions for growth, development and competitiveness.


“Capitalism, Technology and a Green Global Golden Age: The Role of History in Helping to Shape the Future”
The increased awareness of the role of technology and innovation in the economy has not yet found a clear expression in orthodox economic theory – or in the growth strategies being applied across most of the advanced world. There are currently widely divergent opinions... read more
“From long waves to great surges: continuing in the direction of Chris Freeman’s 1997 lecture on Schumpeter’s business cycles”
The first edition of Theory of economic development was published in 1911. It is a well known fact that after his death Joseph Alois Schumpeter – the most quoted economist after Keynes – experienced a purgatorial season from which he emerged at the time of the first petroleum shock... read more
“Innovation as Growth Policy: The Challenge for Europe”
The advanced world is facing a crucial moment of transition. We argue that a successful outcome requires bringing innovation to the centre of government thinking and action... read more
"The new context for industrializing around natural resources: an opportunity for Latin America (and other resource rich countries)?"
This chapter argues that development is a moving target, and that windows of opportunity to both ‘catch up’ and ‘leap ahead’ present themselves at certain times and in specific regions due to technological revolutions and paradigm shifts. Having examined the historical precedents... read more
"Technological revolutions, paradigm shifts and socio-institutional change"
The last decades of the 20th Century were a time of uncertainty and extremely uneven development. People in many countries and in most walks of life feel uncertain about the future for themselves and their workplaces, about the prospects for their own countries and for the world as a whole... read more


The web page of my current research project is up:

I am working on a sequel to Technological Revolutions and Financial Capital, this time focusing on the role of the state. There will be articles and blogs as the project progresses. Your comments will be welcome.

Recent Talks:

  • On March 6th, I gave a lecture in an event on the 350th Anniversary of Lund University, Sweden, together with Martha Nussbaum and James Robinson, moderated by Andreas Ekstrom:

    For a link to the whole event:

  • On February 17th, I participated in an RSA-UCL event with Mariana Mazzucato and Jeffrey Sachs.

    The recording of the whole event is here:

    A short statement is here:

  • I gave a lecture in Oxford in the III CAF Conference. It was about the informal economy in Latin America.

    My talk was in session 4, chaired by Eduardo Posada Carbo where the speakers were Daniel Ortega (CAF), Carlota Perez and Fabiana Machado (IDB)

    Video and slides of my talk here.

  • I spoke at SPRU, University of Sussex launching the book Rethinking Capitalism, edited by Michael Jacobs and Mariana Mazzucato:

    Listen to the audio of the whole event, presented by Steve McGuire (the head of the Business School) and where the speakers were Michael Jacobs, Mariana Mazzucato, Carlota Perez, Stephanie Griffith Jones and Melissa Leach:

    My talk and slides here.

    Listen to my presentation: “Capitalism, technology and a green global golden age: the role of history in helping to shape the future”, event launching Jacobs and Mazzucato (eds.) Rethinking Capitalism, October 2016"

    Look at the slides: PEREZ launch of MJ-MM book Rethinking Ksm final.pdf

  • Recent Publications:

  • I contributed a chapter on ‘green growth’ in Rethinking Capitalism, edited by Michael Jacobs and Mariana Mazzucato (Political Quarterly, Wiley Blackwell, 2016)

    You can access the table of contents and introduction here:

  • There is a chapter of mine on using natural resources as a platform for industrialization in Akbar Noman and Joseph Stiglitz (eds.) (2016) Efficiency, Finance and Varieties of Industrial Policy: Guiding Resources, Learning and Technology for Sustained Growth

    Here is the table of contents. And here is the previous working paper.

  • I sent a letter to the Financial Times arguing with J. Rostowski’s article about how to interpret the parallel with the 1930s for explaining today’s success of the populists.

    You can access the letter and the discussion in the comments via my new Twitter account: @CarlotaPrzPerez

    "Making the same mistakes as in the 1930s": via @FT

  • There is a European Union report on Green Growth and Jobs, by an expert group I chaired. It is titled Changing gear in R&I: Green growth for jobs and prosperity in the EU Download from:

  • Recent Interviews:

  • Harnessing the technological revolution. Interview by FT Tech Tonic: FT Tech Tonic - Carlota Perez on Technological Revolutions

  • Documentaries:

  • New documentary about Schumpeter with the participation of many neo-Schumpeterian economists, including myself.

    Schumpeter, the Man Who Discovered Capitalism:

  • You might also be interested in another documentary, also with the participation of a similar group of us, titled When Bubbles Burst:


    More videos here:

    2015, Netherlands. Conference, Connecting the Dots, Utrecht. Technological revolutions and the impact on Society.

    2014. Comment to Andy Haldane's presentation in the Opening Session of the Conference on Mission-Oriented Finance for Innovation (MOFI2014), Westminster, London.

    Carlota Perez: 4. Small Knowledge-Intensive Enterprises: crucial for competitiveness of countries vimeo

    July 2008, Amsterdam. Interview at FreedomLab, 6. Pardigm Shifts: No eternal truths. Economics is not Physics. We need a theory of change.
    Technological Revolutions Financial bubbles Installation Period Frenzy Deployment Period Golden Ages Dual strategy Techno‑economic paradigms Neo‑Schumpeterian Respecialization Synergy Turning Point Future markets Knowledge society Green growth Maturity Full global development Globalization Sustainability Socio‑economic development Paradigm shifts Irruption Market hyper‑segmentation