Phases of Economic Growth, 1850-1973

¸±±êÌâ: Kondratieff Waves and Kuznets Swings

ISBN: 9780521389044

³ö°æÉç: Cambridge University Press

³ö°æÄê: 1990-11-30

Ò³Êý: 216

¶¨¼Û: USD 29.99

×°Ö¡: Paperback

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Using data from Britain, France, Germany, the United States, and the world economy between 1850 and 1973, this book presents a clear and systematic examination of the evidence for long-term patterns of economic growth. The author refutes the existence of long (Kondratieff) waves in the course of economic development, and instead presents persuasive evidence for a growth pattern characterized by episodic long swing fluctuations of twenty to thirty years, documenting and explaining these phases in a historical perspective.