The Long Waves in Economic Life is popular PDF and ePub book, written by Nikolai D. Kondratieff in 2024-09-20, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Long Waves in Economic Life can be Read Online from any device for your convenience.
The Long Waves in Economic Life Book PDF Summary
THE idea that the dynamics of economic life in the capitalistic social order is not of a simple and linear but rather of a complex and cyclical character is nowadays generally recognized. Science, however, has fallen far short of clarifying the nature and the types of these cyclical, wave-like movements. When in economics we speak of cycles, we generally mean seven to eleven year business cycles. But these seven to eleven year movements are obviously not the only type of economic cycles. The dynamics of economic life is in reality more complicated. In addition to the above-mentioned cycles, which we shall agree to call “intermediate,” the existence of still shorter waves of about three and one-half years’ length has recently been shown to be probable. But that is not all. There is, indeed, reason to assume the existence of long waves of an average length of about 50 years in the capitalistic economy, a fact which still further complicates the problem of economic dynamics.
Detail Book of The Long Waves in Economic Life PDF
- Author : Nikolai D. Kondratieff
- Release : 20 September 2024
- Publisher : Ravenio Books
- ISBN : 978186723xxxx
- Genre : Business & Economics
- Total Page : 32 pages
- Language : English
- PDF File Size : 15,6 Mb
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