Something doesn't feel right about this picture. There's a hint of an adjoint but it's too confused for any formalization. Maybe she means new business models on the right side of the diagram.
Source: Perez, C. Technological Revolutions and Financial Capital. 2002.
Yeah, I would say "business models" as opposed to whiz-bang sounding "organizing principles."
To critique the list, though, where or where is the Agricultural Revolution (application of industrially-derived chemicals to increase production, after WWI) or the Green Revolution (aka Norman Borlaug's research and subsequent expansion of wheat production)?
All those other advances use people to get them moving, and all those people, you know, eat. No food, no advances.
She's looking into links between technology revolutions and financial bubbles, which makes a lot of sense because they are connected through capital/investing, especially, in infrastructure. The Agricultural revolution was important, but it rode the infrastructure, rather than created it.
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To critique the list, though, where or where is the Agricultural Revolution (application of industrially-derived chemicals to increase production, after WWI) or the Green Revolution (aka Norman Borlaug's research and subsequent expansion of wheat production)?
All those other advances use people to get them moving, and all those people, you know, eat. No food, no advances.
Just sayin'.
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