Economist:Carlota Perez
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