The Long Wave in the World Economy

The Long Wave in the World Economy

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Long waves are cycles of some fifty years duration in which a period of rapid expansion is followed by one of slow growth of stagnation. This book provides a critical examination of long wave theory and an original explanation of long fluctuations which is highly relevant to the current crisis in the world economy.

Author: Andrew Tylecote (University of Sheffield, UK)
Format: Paperback, 336 pages
Published: 1993, Taylor & Francis Ltd, United Kingdom
Genre: Economics: Professional & General

Description

Long waves are cycles of some fifty years duration in which a period of rapid expansion is followed by one of slow growth of stagnation. This book provides a critical examination of long wave theory and an original explanation of long fluctuations which is highly relevant to the current crisis in the world economy.