The World's Best Book Summaries
What is the first stage of an industrial revolution? How does this first stage lead to later developments? The first stage of an industrial revolution is irruption. An irruption refers to a sudden forceful rushing in of ideas or technology. Read more about the first stage of an industrial revolution and what it means.
What are technological revolutions and how do they occur? What technological revolutions have there been in human history? Technological revolutions happen when new technologies cause economic development. They cause a permanent change in society and how it operates. Keep reading to find out more about how technological revolutions happen.
What are the four stages of an industrial revolution? How do they lead to technological revolutions? The four stages of an industrial revolution include everything from market disruption to maturity and change in the revolution. Each stage is important for creating an industrial revolution that changes the world. Read more about the four stages of an industrial revolution and why they matter.
What is financial capital in technological revolutions? How does it help propel industrial revolutions and why do new technologies need it? Financial capital in technological revolutions actually refers to the agents that make the revolution possible, not money. In this case, it is the condition that allows wealth to be redistributed. Read more about financial capital in technological revolutions.
What is the book Technological Revolutions and Financial Capital about? What criticisms are there about the model in this book and what gaps are there in how these revolutions work? In the book Technological Revolutions and Financial Capital, author Carlota Perez outlines how technological and industrial revolutions come about. This model focuses on the conditions necessary for these revolutions, but of course, there are criticisms of this theory. Read more about criticisms of Technological Revolutions and Financial Capital and how Perez addresses these concerns.
What is production capital and how does it fit into the phases of technological revolutions? Production capital is the infrastructure that develops to make phase 3 of technological revolutions possible. This part of the industrial revolution comes about when businesses have synergy, and production is seen as a wealth-building effort. Read more about production capital and phase 3 of technological revolutions.
What is real value in a technological revolution? How does real value align with the phases of these industrial revolutions, and why does it matter? Real value and paper value are two important parts of phase 2 in technological revolutions. These determine the value of a new technology and its potential for economic growth. Read more about real value, paper value, and phase 2 below.
What are some examples of predatory lending practices? How does a predatory loan operate and why is it bad? Examples of predatory lending practices show how these loans take advantage of certain vulnerabilities. They are likely to leave people worse off than they started. Read on to understand more with examples of predatory lending practices.
What is financial innovation? In which phase of technological revolution does financial innovation happen and how does it work? Financial innovation occurs when a technological revolution reaches maturity and then can explore wealth-building endeavors related to the revolution’s economic prosperity. Read more about financial innovation and phase 4 below.
What are the major myths about debt? How do myths about debt hurt your financial health? Myths about debt are an obstacle identified in Total Money Makeover. Rethinking these myths will help you on your path to financial health. Read on to understand the myths about debt and how they are obstacles.