The question of whether 40-60-year Kondratieff long waves in
economic growth actually exist has been controversial since the
1920s. The authors of this book apply new methods of time series
analysis and report evidence of long waves in the 19th and 20th
centuries. In the second section of the book, contributions from
Russia, the USA and France show that there is a long wave pattern
in the aggregate profit rates of several highly industrialized
countries. Although there is still a lot to be discussed about the
properties of various profit rate estimates, this research sheds
new light on the discussion of the famous Marxian law of the
falling tendency of the aggregate profit rate. The third section of
this book provides theoretical discussions and attempts at
modelling the role of social, economic and technological factors in
the long-wave process, besides presenting new data on long-run
patterns of labour unrest. While answers to a number of old
questions come within reach, interesting new hypotheses emerge.
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