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Waves on Waves – Long Waves on the Seven Seas

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  • Helenius Anttiheikki

Abstract

Kondratieff waves are an interesting subject of study and describe present global economic developments. The Global Financial Crisis of 2009 and the present economic situation have parallels with the Great Depression of the 1930s. Twice-in-a-century events are occurring again. On the other hand, many important innovations have been introduced during the last decades. These innovations have changed people's lives in a revolutionary manner and have contributed very positively to the global development. Study of the development of seafaring supports the claim of the existence of Kondratieff waves. Important innovations and milestones of development of seafaring coincided with the upswing phases of these waves. Moods of different eras manifest also in composition of shipping fleets and flotillas.One needs new creative approaches to solve global challenges. The study of long waves allows compelling insights and provides timeless wisdom for the study of economics.

Suggested Citation

  • Helenius Anttiheikki, 2013. "Waves on Waves – Long Waves on the Seven Seas," Macroeconomics emanova_elena.12760-kwave, Socionet.
    • Handle: RePEc:nos:wuwpma:emanova_elena.12760-kwavesea
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    More about this item

    Keywords

    Kondratieff wave; global economic development; Great Depression; innovations; shipping fleet;
    All these keywords.

    JEL classification:

    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
    • O - Economic Development, Innovation, Technological Change, and Growth
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • L9 - Industrial Organization - - Industry Studies: Transportation and Utilities

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