Showing posts with label carlota perez. Show all posts
Showing posts with label carlota perez. Show all posts

Tuesday, 16 July 2013

Carlota Perez, and Techno-Economics


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To be distinguished from the novelist Carlota Pérez-Reverte
Carlota Pérez (Caracas, 20 September 1939)[1] is a Venezuelan scholar and expert on technology and socio-economic development most famous for her concept of Techno-Economic Paradigm Shifts and her theory of great surges, a further development of the Kondratieff waves.[2] In 2012 she was awarded with the Silver Kondratieff Medal[3] by the International N. D. Kondratieff Foundation.

Contents

Career

Perez is, since 2006, Professor of Technology and Socio-Economic Development at Tallinn University of Technology, Tallinn, Estonia.[4] In 2003-2005, she was Visiting Senior Research Fellow at the Centre for Financial Analysis & Policy (CFAP), part of the Judge Business School of the University of Cambridge,[5] where she remains as Research Associate. She is currently Visiting Senior Scholar at the London School of Economics[6] and she is also Honorary Professor at SPRU, University of Sussex.[7] She is particularly active as an international consultant and lecturer.
Perez has held posts in the government of her country, first in the Institute of Foreign Commerce in relation with the technology aspects of the North South Dialogue (1975–1977), later as founding Director of Technology in the Ministry of Industry (1980–1983). Under her directorship, the first venture capital agency, FINTEC, was established. She has been consultant to most of the major public and private companies in Venezuela, in particular to INTEVEP, the Research and Development affiliate of PDVSA, the national petroleum company.
As international consultant, she has worked for various multilateral organizations, including the OECD, the United Nations Conference on Trade and Development, UNESCO, United Nations Industrial Development Organization, the United Nations Development Programme and the World Bank. She has been consultant and lecturer in private companies and business events and has advised various industry associations, Ministries and Councils of Industry or Science and Technology, R&D institutes and development banks in Latin America (Venezuela, Chile, Peru, Ecuador, Uruguay, Argentina, Colombia, Dominican Republic, Brazil) and other regions (Canada, Norway, Estonia). Several elements of the European Union's Lisbon Strategy were based on her work as well.

Theory

Carlota Perez is a neo-Schumpeterian and a student of Christopher Freeman, with whom she closely collaborated. Her articles, from the early 1980s, have contributed to the present understanding of the relationship between basic innovations, technical and institutional change, and economic development. Her book Technological Revolutions and Financial Capital has had a very positive response from academics as well as from the financial and the technology-based business communities. The book has contributed to a Schumpeterian understanding of the link between innovation and financial dynamics. In it Dr. Perez, speaking from 2002, lays out a history of five technological revolutions that follow a similar pattern of bang, bust and, hopefully, renewal.
So during this period, financial capital generates a powerful magnet to attract investment into the new areas, hence accelerating the hold of the paradigm on what becomes the 'new economy'. ... In a world of capital gains, real estate bubbles and foreign adventures with money, all notion of the real value of anything is lost. Uncontrollable asset inflation sets in while debt mounts at a reckless rhythm; much of it to enter the casino.
—Carlota Perez, Technological Revolutions and Financial Capital, p. 75
In 2000 Perez co-founded The Other Canon, a center and network for heterodox economics research, with - amongst others - main founder and executive chairman Erik Reinert.[8]

Bibliography

References

  1. ^ Techno-Economic Paradigms: Essays in Honour of Carlota Perez, Anthem Press, 2009, p. 395.
  2. ^ Marta Harnecker - Rebuilding The Left - Page 153 2007 "Several authors, including, for example, Carlota Pérez, recognise live technological revolutions, the first coinciding with the industrial revolution in the final decades of the eighteenth centurv with the latest one happening now. See Pérez.."
  3. ^ The International N. D. Kondratieff Foundation
  4. ^ Technology Governance graduate degree, Tallinn University of Technology
  5. ^ Cambridge Finance Group, University of Cambridge
  6. ^ Civil Society and Human Security Research Unit, London School of Economics
  7. ^ Science and Technology Policy Research, University of Sussex
  8. ^ http://www.othercanon.org/board/index.html

External links

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Monday, 14 January 2013

The P2P Techno-Economic Paradigm

Paper: At the Turning Point of the Current Techno-Economic Paradigm: Commons-Based Peer Production, Desktop Manufacturing and the Role of Civil Society in the Perezian Framework. tripleC 11(1): 173-190, 2013. By Vasilis Kostakis.
URL = http://triplec.at/index.php/tripleC/article/view/463/447

Abstract

"Following the theory of techno-economic paradigm shifts (TEPS), this paper calls attention to the phenomenon of Commons-based peer production (CBPP). In the context of the current paradigm, it argues that civil society can play an important role in creating favourable conditions for a more sustainable global knowledge society. Approaching tentatively the ways in which 3D printing and other desktop manufacturing technologies can be used in CBPP, it also explores the ways in which the partnership with the state may provide a supportive innovative institutional basis for taking the maximum advantage of the emerging synergies in the vein of TEPS theory." (http://triplec.at/index.php/tripleC/article/view/463)

Excerpts

Introduction

This paper uses the theory of techno-economic paradigm shifts (TEPS) theory – gradually developed by Kondratieff (1979), Schumpeter (1982/1939; 1975/1942), Freeman (1974; 1996), and in particular Carlota Perez (1983; 1985; 1988; 2002; 2009a; 2009b) – as its framework to develop its narrative. This choice arguably helps recognise the dynamic and changing nature of the capitalist system in order to avoid any particular’s period extrapolation as “the end of history” in the fashion of Francis Fukuyama (1992). The Perezian framework, as discussed later in more detail, can be considered as a neo-Schumpeterianist approach influenced by (neo-)Keynesiasm policies, that understands capitalism as a creative destruction system. Therefore, the aim is not to make capitalism crisis-free but to manage crises and soften blows or, in other words, to make a successful “creative destruction management” (Kalvet and Kattel 2006). One should be aware of many other theoretical alternatives, such as the Marxist ones, in understanding and acting within certain social, technological and economic processes. It would be interesting to mention that both Marxist and neoSchumpeterianist theoretical approaches consider capitalism prone to crises which are basic features of its normal functioning. However, the neo-Marxist critique (see Wolff 2010; Harvey 2007; 2010) puts emphasis on the inherent unsustainability of capitalism aiming at a different system – “modern society can do better than capitalism”, Wolff (2010) writes – whereas neoSchumpeterians, such as Carlota Perez (2002) or Christopher Freeman (1974; 1996), see crises as a chance for moving the capitalist economy forward. The take of this paper is integrative trying to highlight the potential of new modes of social production which are immanent in capitalism but, in the long term though, might be transcendent to the dominant system. That is why we chose to develop our narrative within the Perezian framework applying the interpretative theory of TEPS."