place to another. One big part for the technological revolution to happen and the new techno-economic paradigm to set in is finance. Technological revolutions happen when something can be done in a more simple and cost-efficient way with the goal of making more money. Someone has to have enough available money to invest in new technologies that break the routine and make radical changes. That someone has to see this as an opportunity to make a huge profit and put up the money to test the process, launch a product or expand production. Big and established companies are more willing to invest in their own processes and innovation, which does not have that big of an impact or radical change in how we do things. Bibliography Carlota Perez, Leo Johnson, Art Kleiner. Are We on the Verge of a Golden Age?. August 28, 2017. Carlota Perez. Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages. London: Elgar 2002. () Wolfgang Drechsler, Rainer Kattel and Erik S. Reinert, eds. Techno-Economic Paradigms: Essays in Honour of Carlota Perez. London: Anthem, 2009. () Includes essays by Christopher Freeman, Bengt-Åke Lundvall, Giovanni Dosi, Richard R. Nelson and others. Carlota Perez.Technological revolutions and techno-economic paradigms.: in Working Papers in Technology Governance and Economic Dynamics, Working Paper No. 20, Tallinn: Norway and Tallinn University of Technology, Tallinn 2009. See also List of Venezuelans References External links Official homepage, with publications to download 1939 births Living people Venezuelan women economists 20th-century Venezuelan economists Academic staff of the Tallinn University of Technology N. D. Kondratieff Medal laureates 21st-century Venezuelan economists