"Technological Revolutions and Techno-economic paradigms"
(2010) “Technological Revolutions and Techno-economic paradigms” in Cambridge Journal of Economics, Vol. 34, No.1, pp. 185-202
CJE Link: http://cje.oxfordjournals.org/content/34/1/185
Working Paper: http://technologygovernance.eu/files/main/2009070708552121.pdf
Spanish translation: Revoluciones tecnológicas y paradigmas tecno-económicos
1. Innovation as the dynamic space for the study of technical change2. The regularities of technical change: innovation trajectories3. New technology systems and their interactions4. Technological revolutions and techno-economic paradigms5. The structure of technological revolutions6. The emergence of a techno-economic paradigm6.1. The changes in the cost structure6.2. The perception of opportunity spaces6.3. New organisational models7. Diffusion, resistance and assimilation of successive techno-economic paradigms8. Putting it together: Regularities, continuities and discontinuities in technical change9. References
This paper locates the notion of technological revolutions in the Neo-Schumpeterian effort to understand innovation and to identify the regularities, continuities and discontinuities in the process of innovation. It looks at the micro- and meso-foundations of the patterns observed in the evolution of technical change and the interrelations with the context that shape the rhythm and direction of innovation. On this basis, it defines technological revolutions, examines their structure and the role that they play in rejuvenating the whole economy through the application of the accompanying techno-economic paradigm. This over-arching meta-paradigm or shared best practice ‘common sense’ is in turn defined and analysed in its components and its impact, including the influence it exercises on institutional and social change.
This paper will concentrate on technological revolutions and techno-economic paradigms, their definition, the causal mechanisms that bring them about, their impact on the economy and institutions and their relevance for economic analysis. Yet, since these macro phenomena are deeply rooted in the micro-foundations of technical change, the following section will refer to some of the basic theoretical advances made at the micro and meso levels.
'...the book fills an important gap in the literature on business cycles and innovations. I most strongly commend it to all those attempting to understand the past and future evolution of technology and the economy.'
Christopher Freeman, Emeritus Professor, SPRU,
University of Sussex, UK
'...Carlota Perez shows us that historically technological revolutions arrive with remarkable regularity, and that economies react to them in predictable phases. Her argument provides much needed perspective not just on history, but on our own times. And especially on our own information revolution.'
W. Brian Arthur, Santa Fe Institute, New Mexico