Welcome to the Longwave and Demographics Discussion Group
Lwave
welcome to post their thoughts on the Kondratieff Long-wave.
Alan Greenspan wrote in The Age of Turbulence:
"Creative destruction" is an idea that was articulated by Harvard
economist Joseph Schumpeter in 1942. I read Schumpeter in my twenties
and always thought he was right ...
It was Joseph Schumpeter that made Kondratieff's long-waves known to
the West in his 1939 book Business Cycles. The "gale of creative
destruction" was his explanation for the process in which the long-
wave functioned.
Economist Paul Samuelson wrote:
Now, at the turn of the millennia, when total productivity has
remarkably soared in America and abroad, both fools and sages sing
Schumpeter's praise. That would have amused and pleased this worldly
scholar who in some dark hours of the night used to despair in his
German-shorthand diaries of justly deserved praises passing him by. So
Keynes was wrong: in the long run not all of us are dead.
A recent study found that social science articles are now twice more
likely to cite Schumpeter than Keynes. In the 1980s the opposite was
true. Long-wave economics is now mainstream. For more information on
the Long-wave, please go to www.longwavepress.com.
The most comprehensive book available on long-wave demographics is
Baby Boomers, Generation X and Social Cycles, Volume 1: North American
Long-waves by Edward Cheung. Chapter 1 can be downloaded from:
http://www.longwavepress.com/Baby_Boomers_Generation_X_SCv1a.pdf