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.
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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Date: 2019-03-20 05:22 pm (UTC)