Wiring Prometheus: History, Globalisation and Technology

by Peter Lynch, Helmuth Trischler (Editor)

The editors of this volume point out that globalization calls for global history--history that treats the planet as a single complex entity. Several of the chapters address the origins of globalization's first wave in the 19th century, focusing on the interrelationship between economics and the spread of three pioneering inventions: the steam engine, the telegraph and the telephone. Others chronicle the late twentieth-century textile and bicycle industries, the development of the ATM machine, railroad modernization in France, major software disasters and the culturally empowering effects of the cassette tape. And three authors make fundamental arguments about the nature of globalization's changes: how the ties binding Europeans have evolved from patronage to connections to networks, how global interconnectedness has eliminated differences in the perception of time, and how the key to understanding the dynamics of globalization lies in the local application of standardized technology.

320 pages, Paperback

First published October 1, 2003

About the author

Peter Lynch is an American businessman and stock investor. Lynch graduated from Boston College in 1965 and earned a Master of Business Administration from the Wharton School of the University of Pennsylvania in 1968.

Lynch worked at Fidelity Investments where named head of the then obscure Magellan Fund which had $18 million in assets. By the time Lynch resigned as a fund manager in 1990, the fund had grown to more than $14 billion in assets with more than 1,000 individual stock positions. From 1977 until 1990, the Magellan fund averaged a 29.2% return and as of 2003 had the best 20-year return of any mutual fund ever.

Though he continues to work part-time as vice chairman of Fidelity Management & Research Co., the investment adviser arm of Fidelity Investments, spending most of his time mentoring young analysts, Peter Lynch focuses a great deal of time on philanthropy. He said he views philanthropy as a form of investment. He said he prefers to give money to support ideas that he thinks can spread.