By J.J. Van Duijn
Of all fluctuations in fiscal job, the lengthy wave or Kondratieff cycle is well the main difficult and least understood one. Does it fairly exist, and if this is the case, is it just a cycle in costs or a cycle in financial job at huge? What motives it, and has it been limited to Europe or does it impact the area economic system as a whole?
These questions, which appeared of little relevance within the filthy rich years of the postwar development period, have won new significance seeing that 1973. With the downturn of the lengthy wave, curiosity in it has loved a revival, because it did within the Thirties. a number of guides at the lengthy wave have seemed because 1973, lots of that have extra to our perception of what motives the recurrent alternations of development acceleration and retardation. This booklet is the 1st within the English language within which all vital lengthy wave theories, previous in addition to contemporary, are introduced jointly. It specializes in the lengthy wave as a global phenomenon, affecting all industrialised nations. It comprises new conception in addition to empirical facts and within the ultimate part indicates a couple of coverage techniques to generate innovation.
This ebook bargains an interpretation of long term financial improvement various from these generally present in the literature. will probably be of curiosity to scholars and students of the economics of progress and alter, in addition to to financial historians and policy-makers. This e-book was once first released in 1983.
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