...the book fills an important gap in the literature on business cycles and innovations. I most strongly commend it to all those attempting to understand the past and future evolution of technology and the economy.'

Christopher Freeman, Emeritus Professor, SPRU,
University of Sussex, UK

'...Carlota Perez shows us that historically technological revolutions arrive with remarkable regularity, and that economies react to them in predictable phases. Her argument provides much needed perspective not just on history, but on our own times. And especially on our own information revolution.'

W. Brian Arthur, Santa Fe Institute, New Mexico

Carlota Perez. Venezuelan-British. Researcher, lecturer and international consultant, specialized in the social and economic impact of technical change.

She is Centennial Professor of International Development at the London School of Economics, U.K.; Professor of Technology and Development, Technological University of Tallinn, Estonia; Research Affiliate, and Honorary Professor at SPRU, Science and Technology Policy Research, School of Business, Management and Economics, University of Sussex, U.K.

Her articles from the early 1980s and her book Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages [Elgar 2002] have contributed to the understanding of the relations between technical and institutional change, between finance and technological diffusion and between technology and economic development.

'... a road map of relevance both for scholars and investors who, having survived the Great Bubble of 1999-2000, must needs concern themselves with what happens next'

William Janeway, Vice Chairman of Warburg Pincus, USA

'The financial captains - in Tom Wolfe's memorable phrase, "the Masters of the Universe" - would be well-served by this dose of history. So, too, would the leaders of productive capital, as they struggle to add value in a frenzy of financial speculation. And as for policy-makers, the answer is obvious - Perez's insights are not just important; they are urgent... Do read the book. It is important. It is accessible. It is well presented. It's also fun.'

Raphie Kaplinsky, IDS, University of Sussex and CENTRIM, University of Brighton, UK
From Review in Technovation