Carlota Perez

Carlota Perez

economist Venezuela

Carlota Perez is a Venezuelan-British economist known for her influential work on technological revolutions and financial capital. She is the author of 'Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages,' where she explores the patterns of investment and speculation that accompany major technological innovations. Perez's research spans five significant industrial revolutions, analyzing how each has led to economic upheaval, speculation, and eventual market corrections. Recently, she has expressed concerns about the current hype surrounding artificial intelligence, predicting a potential financial crash due to excessive investor excitement and low profitability in the sector.

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Ireland Ireland: Carlota Perez is a scholar who identifies five great technological revolutions and sees AI as an extension of the information technology revolution. 8

The Irish Times – major Irish daily, est. 1859: Before the golden age of AI must come the crash, history suggests – The Irish Times