Financial bubbles and economic crises

Document type
Carlota Perez; Jonathan Rutherford;
Date of publication
5 June 2009
Thinkpiece; 51
Social Policy
Social welfare
Material type

Download (1.9MB )

In this paper Carlota Perez, an influential thinker on the social and economic impact of technical change, discusses the cycles of technological innovation and financial turbulence. According to Perez, there have been five distinct great surges of development in capitalism, the current one being the Age of Information and Telecommunications. Each surge has phases and we are now in the most important phase of the current surge. After the financial crash, this Turning Point is a time for rethinking and reshaping the future and the outcome will define the particular mode of growth over the next two or three decades.

Related to Social Policy

Cyber action for social change

Web links from the website of Thomas L Blair

Should we level up social needs

Report on addressing social needs in the UK

Big pharma Covid pandemic and training black scientists

Article on the health inequalities exposed by the Covid-19 pandemic

More items related to this subject

Related to Compass

The context for a world without poverty.

This paper aims to look at how poverty can be ended as well as getting the support and backing for policies and strategies that could make a world without poverty possible. With this project, the Webb

The very modern prince: the 21st century political party and the political formation

This article examines the process of transition away from the traditional progressive political party. The author argues that the left parties – both social democratic and

Universal Basic Income: an idea whose time has come?

This paper examines the desirability and feasibility of introducing a universal basic income (UBI) scheme in the UK. It analyses the merits of such a scheme, how it might be implemented and what role

Social democracy withouit social democrats?

This report seeks to understand the rise and fall of social democracy as a temporary blip made possible by a particular alignment of forces after the Second World War. It then briefly describes the

More items related to this publisher