Abstract: The problem of Long Waves is formalized as one of the dynamical coupling of a relatively steady flow of new techniques and goods along with the endemic tendency of capitalism to evolve in a cyclical fashion. This implies a strong exogenous influence which renders any precise periodicity unlikely. The model is illustrated by a hypothetical, historically determined potential which controls the path in time of the economy.
Publication Year: 1986
Publication Date: 1986-12-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 24
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