The Dynamics of Bubbles and Golden Ages
2002
History
by
Carlota Perez
A historical account of how successive waves of new technologies have reshaped economies over the past two centuries. Perez explains the relationship between technological revolutions and the capital that funds their development. She shows that this relationship follows a recurring cycle, with distinct phases that carry profound economic and social ramifications.
August 2025
Brad Burnham of Union Square Ventures said this book changed his perspective. It is unique because it works as both a history book and a framework book. Perez clearly explains the relationship between new technologies and the capital that funds them, how that relationship shifts across different parts of the cycle, and how it ultimately shapes society in ways most people don’t realize. Read 2002 paperback.