The Long Wave in the World EconomyEnthusiastically received by reviewers - `It is an intellectual tour de force ... this is the most substantial synthesis of long wave theory to be published since the revival of interest in the whole topic.' - Professor Christopher Freeman |
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Page 13
... supplies of gold ( which kept interest rates down ) and raw materials ( which fuelled industry directly ) capitalist expansion proceeded rapidly . Once the expansion ran ahead of primary product supplies , this led to rises in prices ...
... supplies of gold ( which kept interest rates down ) and raw materials ( which fuelled industry directly ) capitalist expansion proceeded rapidly . Once the expansion ran ahead of primary product supplies , this led to rises in prices ...
Page 16
... supply without increasing demand , and thus helped to account for the downswing . What was lacking from Freeman et al.'s theories at this point ( 1982 ) , as from Schumpeter's , was an explanation of the upturn in the first place : if ...
... supply without increasing demand , and thus helped to account for the downswing . What was lacking from Freeman et al.'s theories at this point ( 1982 ) , as from Schumpeter's , was an explanation of the upturn in the first place : if ...
Page 29
... supply of money . One route , which was suggested by Kondratiev , requires a close connection between the supply of money and the stock of gold , and between movements in prices and those in growth rates . An economic downswing then ...
... supply of money . One route , which was suggested by Kondratiev , requires a close connection between the supply of money and the stock of gold , and between movements in prices and those in growth rates . An economic downswing then ...
Page 40
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Page 42
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Contents
1 | |
7 | |
Technological styles | 36 |
Monetary feedback | 84 |
Population feedback | 101 |
Inequality feedback 1 In the North | 122 |
Inequality feedback 2 International and in the South | 147 |
A résumé of the theoretical argument | 183 |
A historical account 18501896 | 207 |
A historical account 18961945 | 221 |
A historical account from 1945 to the present | 248 |
The way to the next upswing | 272 |
Notes | 295 |
Bibliography | 320 |
Index | 329 |
A historical account 17801850 | 189 |
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Common terms and phrases
already American argued banks become beginning boom Britain British capital cause cent century Chapter continued cost countries course crisis cycle demand depression diffusion downswing early economic economic growth effect Europe European example expansion expected explain exports factors fall Figure firms force France French Germany gold growth hand important improvement income increase industry inequality innovations integration interest investment Italy labour land late later lead least less long wave look manufacturing North Northern once output particularly period policies political poor population position production profits reduce reform relationship relatively response result rise share shows skilled social Source South Southern steel style supply Table trade transport turn unions United upswing wages workers