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The long wave

In: Capitalism and Democracy

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Abstract

Capitalism is driven by technological revolutions, leading to alternating periods of regulation and deregulation in leading economies. Technologically backward countries face a different situation as they have to catch up with the leaders. Against this backdrop, Theo van de Klundert examines the relationship between capitalism and democracy, combining economic theory and historical description to analyse long-run economic development. Emphasis is placed on the interrelation between economic and political power, and a robust state-of-the-art overview of today’s political economy is presented.

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  • ., 2013. "The long wave," Chapters, in: Capitalism and Democracy, chapter 5, pages 93-113, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15248_5
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    File URL: https://www.elgaronline.com/view/9781781956151.00014.xml
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    Cited by:

    1. Douglas W. Allen & Peter T. Leeson, 2015. "Institutionally Constrained Technology Adoption: Resolving the Longbow Puzzle," Journal of Law and Economics, University of Chicago Press, vol. 58(3).

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    Economics and Finance;

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