EP 163. Higher Education in the Age of AI

Carlota Perez's "Technological Revolutions and Financial Capital" examines the interplay between technological innovation and economic development. The book argues that technological revolutions unfold in distinct phases, each characterized by specific economic and social dynamics. Perez identifies key technological revolutions throughout history, analyzing their impact on investment, employment, and global power structures. Her work emphasizes the role of financial capital in driving technological change and shaping economic cycles. The book offers a comprehensive framework for understanding long-term economic trends and the challenges of managing technological transitions.

This book explores the disruptive impact of artificial intelligence on economics, focusing on AI's role in enhancing predictions and decision-making. The authors explain how AI is shifting traditional power dynamics, creating new opportunities and challenges for businesses and societies. They emphasize the importance of system-level innovations over point solutions and discuss the economic implications, including value creation, cost savings, and potential disruptions. The book is praised for its accessible explanations, real-world examples, and thought-provoking ideas on AI's future role in business and society.