The three horizons framework developed by Bill Sharpe and Tony Hodgson is a favorite of mine, as it is both versatile and provides an good framework to explore interactions and dynamics. And so, as I was working on new
Infinite Economy content, I began mapping recent technological revolutions, a la Carlota Perez, onto the three horizons framework.
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Recent technological revolutions mapped onto the Three Horizons |
As detailed in her excellent book,
Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages
, Perez develops the notion of long waves of economic eras ever-so-briefly introduced by Schumpeter into a full-blown and well-researched framework of technology-driven economic change. In the book, Perez talks about the "great surges of development" that have occurred five times since the advent of the Industrial Revolution. I'll post another graphic later to gets at these "surges," but it's enough for now to say that these waves of change, and the complex dynamics behind them, map perfectly onto the Sharpe and Hodgson 3H framework.
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