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The Long Wave in the World Economy (Hardcover, Annotated Ed)
Loot Price: R5,271
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The Long Wave in the World Economy (Hardcover, Annotated Ed)
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Is it a mere coincidence that the world economy was depressed in
the 1930s and again in the 1980s, just as Nikolai Kondratieff had
predicted in 1925? Or do the theories of long waves - alternate
long upswings and downswings lasting together about half a century
- have real explanatory and predictive power? And if so, why have
economic historians found little evidence of regular long waves
before Kondratieff wrote?;"The Long Wave and the World Economy"
finds that the only regular "wave", since the eighteenth century,
has been in technological change. The long rhythms of the economy
have, until recently, been irregular. Andrew Tylecote shows how
technology, national and international inequality, war and social
change, gold rushes and demography, have contributed to the
dynamics of economic growth. He also demonstrates how the current
downswing has meshed with an ecological crisis which must be
addressed before a new world boom can begin. This book should be of
interest to lecturers and students of economic history and
economics.
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