Fluctuations in the momentum of growth within the capitalist epoch
This paper reviews the history of cyclical and long wave analysis and examines the evidence on changes in the momentum of economic growth in 16 advanced capitalist countries from 1820 to 2001. It assesses the work of the main Business Cycle Research Institutes in Western Europe the USA and Russia, as well as that of Kondratieff, Kuznets, Schumpeter, Abramovitz and the long-wave revivalists-Rostow, Mandel and Mensch. It concludes that the existence of regular long-term rhythms in capitalist development is not proven, but distinguishes major changes in the momentum of growth due to disturbances of an ad hoc character. The role of system shocks and historical accidents is important but the role of policy error and success is also emphasised. It identifies five major phases of capitalist development since 1820.
Volume (Year): 1 (2007)
Issue (Month): 2 (July)
|Contact details of provider:|| Web page: http://www.cliometrie.org|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:afc:cliome:v:1:y:2007:i:2:p:145-175. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.