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Carlota Perez’s world view has become my touch stone in judging internet policy and other economic policy developments. I reached out to her last night to find out what she has been up to.

She replied:

No book yet (too much other work) but there two new articles on-line.

One - After crisis: creative construction - is in Open Democracy, a web based magazine.

The other in the Cambridge Journal of Economics. It is available from my website and:
Revised version in the journal (for subscribers or paying)

http://cje.oxfordjournals.org/cgi/content/abstract/33/4/779

A version before the final revision (free download) is CERF WORKING PAPER No. 31

Policy makers world wide need to read these pieces as well as public spirited citizens.

here is the final paragraph from the excellent open democracy piece

“Ultimately, the length and depth of the global recession (perhaps depression) will
depend, not on the financial rescue packages but, to a much greater extent, on whether
the wider measures taken are capable of moving the world economy towards a viable
investment route with high innovation potential. The technological transformation that
occurred during the past few decades has already provided the means for unleashing a
sustainable global golden age. The environmental threats offer an explicit directionality
for using that creative potential across the globe in a viable manner. The major financial
collapse has generated the political conditions to take full advantage of this
unparalleled opportunity. It is everybody’s responsibility to make sure this possibility is
not missed.”

COOK’s Edge: Someone needs to sit President Obama down and read this to him until he gets it.

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