[PEN-L:4574] Re: Kondratiev waves (long)

A possible explanation for "long waves" - or at least the current post-WW2 cycle - is increased global indebtedness. This means that accumulation of financial capital due to all sorts of returns (interest, dividends on stock, any other type of returns on saved/invested money) gradually and in an

[PEN-L:4576] Re: Theory and experiment

Me: Now, the science of economics, which due to its large degree of "inexactness" _really_ ought to depend heavily upon experiments, are not _allowed_ to experiment! Only one economic "laboratory set-up" is allowed these days: all-out market liberalism. Mark A. Nadler replies

[PEN-L:4577] Re: Kondratiev waves (long)

A possible explanation for "long waves" - or at least the current post-WW2 cycle - is increased global indebtedness. This means that accumulation of financial capital due to all sorts of returns (interest, dividends on stock, any other type of returns on saved/invested money) gradually and in an

[PEN-L:4578] No penl mail

Sorry if this wastes net time, but I haven't received any Penl mail for days now. I'm wondering if I somehow got taken off the list. Thanks in advance for any help. Ian Robinson ILIR, UM-Ann Arbor

[PEN-L:4579] Re: Kondratiev waves

Kondratiev long wave models take many forms. The most popular are those emphasizing a technological innovations story, e.g. Joseph Schumpeter, _Business Cycles_, 1939; Gerhard Mensch, _The Technological Stalemate_, 1975; Richard Goodwin, "The Economy as an Evolutionary Pulsator," _Journal of

[PEN-L:4580] When pen-l stops delivering

From time to time, poltergeists knock people off the list. Should this happen to you, just send a message to listproc@[EMAIL PROTECTED] It should read: sub pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 916-898-5321 E-Mail [EMAIL PROTECTED]

[PEN-L:4581] The vulnerability of just-in-time

Rail strike emphasizes automakers' vulnerability to low-inventory supply system: JUST-IN-TIME DELIVERY UNDER SCRUTINY Jim Hartford is blunt about the impact of the recent rail strike on Ford Motor Co. of Canada Ltd. "It brought us to our knees," the company's spokesman admits. Typically,

[PEN-L:4582] Re: Kondratiev waves

We _might_ be on the verge of a long-wave upswing of labor-produc- tivity growth. On the other hand, it seems very unlikely that wages will grow at the same rate as labor productivity, given the way in which wages are being competed downward on a world scale. So if capacity utilization can be