Technological Revolutions and Financial Capital presents a novel interpretation of the good and bad times in the economy, taking a long-term perspective and linking technology and finance in an original and convincing way

This paper argues that the two boom and bust episodes of the turn of the century-the internet mania and crash of the 1990s and the easy liquidity boom and bust of the 2000s-are two distinct components of a single structural phenomenon. They are essentially the equivalent of 1929 developed in two...