11. Capitalism, Technology and a Green Global Golden Age: The Role of History in Helping to Shape the Future

Political Quarterly

Volumn 86, Issue , 2015, Pages 191-217

  Perez, Carlota ^a  

^a NONE

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EID: 84979284198     PISSN: 00323179     EISSN: 1467923X     Source Type: Journal    
DOI: 10.1111/1467-923X.12240     Document Type: Article

References (63)

1. See for example R. D. Atkinson, 'How certain are you that robots won't create as many jobs as they displace?', The Christian Science Monitor, 3 December 2015, http://www.csmonitor.com/Technology/Breakthroughs-Voices/2015/1203/Howcertain- are-you-that-robots-won-t-create-as-many-jobs-as-they-displace (accessed; 29 December 2015)
2. E. Brynjolfsson and A. McAfee, Race Against the Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy, Lexington, MA, Digital Frontier Press, 2011.
3. R. Gordon, Is U.S Economic Growth Over? Faltering Innovation Confronts The Six Headwinds, Working Paper 18315, National Bureau of Economic Research, August 2012, http://www.nber.org/papers/w18315 (accessed 29 December 2015)
4. T. Cowen, The Great Stagnation: How America Ate All the Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better, New York, Dutton, 2011.
5. For example, T. Jackson, Prosperity Without Growth, London, Earthscan, 2009
6. S. Latouche, Farewell to Growth, London, Polity Press, 2010.
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8. R. U. Ayres, L. W. Ayres and B. Warr, Energy, Power and Work in the U. S. Economy 1900-1998, Insead's Center For the Management of Environmental Resources, 2002/52/EPS/CMER, 2002.
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10. See for example G. B. Christiansen and R. H. Haveman, 'The contribution of environmental regulations to the slowdown in productivity growth', Journal of Environmental Economics and Management, vol. 8, no. 4, 1981, pp. 381-90
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15. See also M. Jacobs, Green Growth: Economic Theory and Political Discourse, Working Paper 92, Grantham Institute, 2012.
16. In 1934, Hansen 'Capital goods and the restoration of purchasing power', Proceedings of the Academy of Political Science, vol. 16, no. 1, Money and Credit in the Recovery Program (April), pp. 11-19
17. 2014 L. H. Summers 'Reflections on the "new secular stagnation hypothesis"', in C. Teulings and R. Baldwin, eds, Secular Stagnation: Facts, Causes and Cures, London, CEPR Press, pp. 27-38.
18. Brynjolfsson and McAfee, Race Against the Machine
19. E. Brynjolfsson and A. McAfee, The Second Machine Age, London, W. W. Norton & Co, 2014.
20. See particularly Gordon, Is U.S. Economic Growth Over? ch. 4.
21. J. A. Schumpeter, Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process, New York, McGraw-Hill, 1939
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23. G. Daniels (trans.) Long Wave Cycle, New York, E.P. Dutton, 1984
24. G. Dosi, C. Freeman, R. Nelson, G. Silverberg and L. Soete, Technical Change and Economic Theory, London, Pinter Publishers, 1988.
25. See C. Perez, Technological Revolutions and Finance Capital: The Dynamics of Bubbles and Golden Ages, Cheltenham, Edward Elgar, 2002, particularly ch. 2
26. 'The double bubble at the turn of the century: technological roots and structural implications', Cambridge Journal of Economics, vol. 33, no. 4, 2009, pp. 779-805.
27. See Perez, Technological Revolutions, chs 4-5.
28. J. A. Schumpeter, Capitalism, Socialism and Democracy, London, Routledge, 1994 [1942].
29. A fuller account of these processes can be found in Perez, Technological Revolutions.
30. C. Freeman and F. Loucçã, As Time Goes By: From the Industrial Revolutions to the Information Revolution, Oxford, Oxford University Press, 2001.
31. M. Mazzucato and C. Perez, 'Innovation as growth policy: the challenge for Europe', in J. Fagerberg, S. Laestadius and B. R. Martin eds, The Triple Challenge for Europe: Economic Development, Climate Change and Governance, Oxford, Oxford University Press, 2015, ch. 9.
32. M. Twain and C. D. Warner, The Gilded Age: A Tale of Today, Hartford, CT, The American Publishing Co., 1873.
33. Brynjolfsson and McAfee, The Second Machine Age.
34. Even bolder were the creators of the Swedish model, Rehn and Meidner, whose model of cooperation between business government and trade unions brought the country to the first ranks in productivity, competitiveness, skills and wellbeing. That model became inadequate once the mass production revolution approached exhaustion, as happened with the orthodox Keynesian recipes across the rest of the advanced world. R. Meidner and G. Rehn, The Trade Union Movement and Full Employment. Report to the LO Congress in 1951, Stockholm, The Swedish Confederation of Trade Unions (LO), 1951.
35. Ellen MacArthur Foundation, Towards A Circular Economy: Business Rationale For An Accelerated Transition, Report, 2 December 2015, https://www.ellenmacarthurfoundation. org/publications/towards-a-circular-economy-business-rationale-for-anaccelerated- transition (accessed 29 December 2015)
36. Ellen MacArthur Foundation, Growth Within: A Circular Economy Vision For A Competitive Europe, Report, 25 July 2015, http://www.ellenmacarthurfoundation.org/assets/downloads/publications/ EllenMacArthurFoundation_Growth-Within_July15.pdf (accessed 29 December 2015).
37. C. Freeman, Systems of Innovation: Selected Essays in Evolutionary Economics, Cheltenham, Edward Elgar, 2008.
38. World Wildlife Fund and SustainAbility, One Planet Business: Creating Value Within Planetary Limits, Report, WWF-UK, 2007, http://assets.wwf.org.uk/down loads/one_planet_business_first_report.pdf (accessed 29 December 2015).
39. See, for example, for the former, the FTSE's ESG (Environmental, Social and Governance) series of indexes, including the FTSE Environmental Opportunities Index Series and the FTSE4Good Environmental Leaders Europe 40 Index; more at http://www.ftse.com/analytics/factsheets?allproducts=RESPINV&Category= Go (accessed 29 December 2015)
40. M. Carney, 'Breaking the tragedy of the horizon-climate change and financial stability', speech delivered at Lloyd's of London on 29 September 2015, http://www. bankofengland.co.uk/publications/Documents/speeches/2015/speech844.pdf (accessed 29 December 2015).
41. B. Å. Lundvall, ed., National Innovation Systems: Towards a Theory of Innovation and Interactive Learning, London, Pinter Publishers, 1992.
42. J. M. Keynes, 'Private letter to Franklin Delano Roosevelt,' 1 February 1938, in D. E. Moggridge, Maynard Keynes: An Economist's Biography, London, Routledge, 1992.
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44. R. Kaplinsky, Globalization, Poverty and Inequality: Between a Rock and a Hard Place, Cambridge, Polity Press, 2005
45. C. Perez, 'Technological dynamism and social inclusion in Latin America: a resource-based production development strategy', CEPAL Review Nº 100, 2010, pp. 121-41
46. A. Marin, L. Navas-Alemán and C. Perez, 'Natural resource industries as a platform for the development of knowledge intensive industries', Tijdschrift Voor Economische en Sociale Geografie, vol. 106, no. 2, 2015, pp. 154-68.
47. C. Perez, 'Why IT and the green economy are the real answer to the financial crisis', Green Alliance Blog, 2012, http://greenallianceblog.org.uk/2012/03/19/ why-it-and-the-green-economy-are-the-real-answer-to-the-financial-crisis/ (accessed 29 December 2015).
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52. Freeman and Louçã, As Time Goes By, ch. 2.
53. W. Lazonick, 'From innovation to financialization: how shareholder value ideology is destroying the US economy', in G. Epstein and M. H. Wolfson, eds, The Handbook of the Political Economy of Financial Crises, Oxford, Oxford University Press, 2013, pp. 491-511.
54. B. A. Lundvall, 'Innovation and democracy in the Learning Economy: the "New New Deal" as response to the crisis'. Memorandum for 10 Downing Street Policy Seminar Industrial Activism, Market Regulation and the Transition to a Low Carbon Economy, 2009.
55. See Perez, 'Technological dynamism', CEPAL Review N 100, 2010, pp. 121-41
56. Marin et al. 'Natural resource industries'.
57. M. Mazzucato, The Entrepreneurial State, London, Anthem, 2013
58. 'Serious innovation requires serious state support', Financial Times, 4 December 2013, http://www.ft.com/cms/s/0/f017a3c4-4e1b-11e3-8fa5-00144feabdc0.html#axzz2t bj5RZ76 (accessed 29 December 2015).
59. D. Rodrik, Industrial Policy for the Twenty-first Century, CEPR Discussion Paper 4767, London, CEPR, 2004, http://papers.ssrn.com/sol3/papers.cfm?abstract_ id=617544 (accessed 29 December 2015).
60. E. Karo and R. Kattel, (2015) Innovation Bureaucracy: Does the Organization of Government Matter when Promoting Innovation? CIRCLE WP 2015/38, Lund University, 2015.
61. See also W. Drechsler and T. Randma-Liiv, 'The new public management then and now: lessons from the transition in Central and Eastern Europe', in M. de Vries and J. Nemec, eds, Implementation of New Public Management Tools. Experiences from Transition and Emerging Countries, Brussels, Bruylant, 2014, pp. 33-49.
62. The title of Lou Gerstner's account of turning the huge IBM bureaucracy into a gigantic, agile organisation can be a mirror for what can be done in governments. See L. Gerstner, Who Says Elephants Can't Dance? New York, Harper Business, 2002.
63. See Rodrik, Industrial Policy.