BOOK · [2148]
Technological Revolutions and Financial Capital
Business
Perez identifies a recurrent two-phase pattern in major technology waves: an installation period of speculative excess followed by a deployment period of productive adoption. Balaji uses the framework to explain why crypto markets follow a predictable boom-bust-build cycle and why the demoralized phase is when the real builders emerge.
Endorsed By
2 People-
Balaji Srinivasan
Balaji recommends it to explain the recurring boom-bust-build cycle in crypto and why periods of demoralization produce the most durable companies.
- Patrick Collison