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The Long Wave as an Endogenous Mechanism

In: New Findings in Long-Wave Research

Author

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  • Stanislav Menshikov

Abstract

One of the main points in the current long-wave controversy is whether this wave has an internal economic mechanism or is mainly caused by external shocks and influences. Since the roots of this controversy go back to the 1920s, namely to the criticism by Leon Trotsky of Kondratieff’s long-cycle hypothesis, it is perhaps useful to start with a short description of how Kondratieff’s theory related to Marx’s earlier writings, and then present a more formal approach to the analysis of the endogenous economic mechanism underlying this phenomenon.

Suggested Citation

  • Stanislav Menshikov, 1992. "The Long Wave as an Endogenous Mechanism," Palgrave Macmillan Books, in: Alfred Kleinknecht & Ernest Mandel & Immanuel Wallerstein (ed.), New Findings in Long-Wave Research, chapter 9, pages 233-256, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22450-0_9
    DOI: 10.1007/978-1-349-22450-0_9
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