Is there anything to the notion of Kondratiev waves? I tend to be skeptical, since the underlying technology of society changes so much during the 50-year "cycle" and because of the impact of large political events (World War Two for example), that such a large scale cycle could be governing the world economy. Some "marxists" I know swear by Kondratiev's thesis,however. Is there any real basis to it, in economic theory, Marxist or otherwise? -Andy English Phoenix Arizona On Fri, 31 Mar 1995, Carl H.A. Dassbach wrote: > >if Sachs says "we're" about to enjoy a period of long-term > >prosperity, maybe "we" refers to people like him, Harvard > >profs, etc., who are insulated from the competition that's > >producing a world-wide downward equalization of wages, living > >standards, environmental conditions, and the like. > > > > Make sense to me but I doubt that's what he had my mind. More likely, his > statement was motivated by a simplistic beleif that we have hit the trough > of the Kondratiev b-phase (after all, its been about 25 years - 1970-1995) > and things should, if ND Kondratiev was right, be picking up again. Maybe, > but there is no guarantee that the US will ride this upswing. > ----------------------------------------------------------------- > Carl H.A. Dassbach E-mail: [EMAIL PROTECTED] > Dept. of Social Sciences Phone: (906)487-2115 > Michigan Technological University Fax: (906)487-2468 > Houghton, MI 49931 USA > >
