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Carlota Perez

Biography

Venezuelan-British scholar specializing in technology and socio-economic development.

School of Thought

Neo-Schumpeterian Economics

Notable Quotes

On Innovation Cycles and Market Bubbles

"Each technological revolution has two distinct periods: installation and deployment, separated by a turning point usually in the form of a crash."

—Carlota Perez, Technological Revolutions and Financial Capital (2002), p. 47, Edward Elgar Publishing

On Innovation Cycles and Market Bubbles

"Financial capital and production capital have different behaviors and different time horizons."

—Carlota Perez, Technological Revolutions and Financial Capital (2002), p. 71, Edward Elgar Publishing

On Creative Destruction in AI Era

"We are now in the deployment phase of the ICT revolution, which requires a shift from financial to production capital."

—Carlota Perez, Cambridge Journal of Economics (2009), p. 779