The Deployment Age
Curated from: reactionwheel.net
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The deployment age
Perez’ theory describes the path a technological revolution, like the Industrial Revolution, takes and the social, economic and institutional changes that go along with it. The jury is still out on the theory, and there are plenty of reasons to doubt it. But if it successfully predicts what happens over the next ten years it will have in good part proved its power.
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Innovation comes in waves
Great surges of technological development followed by quieter periods of adaptation.
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These cycles are characterized by
- some critical factor of production suddenly becoming very cheap,
- some new infrastructure being built,
- a laissez-faire period of wrenching innovation followed by a bubble,
- a post-bubble recession,
- a re-assertion of institutional authority, and then
- a period of consolidation and wide spread of the gains in productivity from using the new technology.
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A constellation of inovations
Each cycle is initiated by a group of technologies interacting to create a “Technological System.”
A technological system is
"An interconnected set of elements that is coherently organized in a way that achieves something.” A Technological System is a set of technologies that interconnect as a platform to allow other innovations. When this system allows a fundamental and basic innovation, the system can cause a technological revolution.
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