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A Brief Agenda for the Future of Long-Wave Research

In: New Findings in Long-Wave Research

Author

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  • Immanuel Wallerstein

Abstract

The resistance to acknowledging the existence of ‘long waves’, is, when all is said and done, astonishing. All modern science presumes the normality of patterned fluctuations. No doubt there is more to reality than patterned fluctuations, but there seem to be no real phenomena that do not fluctuate in ways that can eventually be summarised empirically as patterns. Even hidebound opponents of longwave theory acknowledge the reality of short waves, the so-called ‘business cycle’. Why the capitalist economy has shortterm cycles but cannot have longterm ones is so mysterious that one can only consider such allegations as mystical or, more to the point, ideological. I suggest that we waste no more time proving that the Earth revolves around the Sun. Let those who assert the contrary play in their own garden.

Suggested Citation

  • Immanuel Wallerstein, 1992. "A Brief Agenda for the Future of Long-Wave Research," Palgrave Macmillan Books, in: Alfred Kleinknecht & Ernest Mandel & Immanuel Wallerstein (ed.), New Findings in Long-Wave Research, chapter 14, pages 339-342, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22450-0_14
    DOI: 10.1007/978-1-349-22450-0_14
    as

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