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Kondratieff cycles (en)

a proposed economic phenomenon whereby profits decrease over time (as monopolistic forces decline), in a cycle; phases: expansion, stagnation, and recession

Does Capitalism Have a Future?
by Craig J. Calhoun, Georgi Derluguian, Immanuel Wallerstein, Michael Mann, Randall Collins

Does Capitalism Have a Future?
by Craig J. Calhoun, Georgi Derluguian, Immanuel Wallerstein, Michael Mann, Randall Collins

Does Capitalism Have a Future?
by Craig J. Calhoun, Georgi Derluguian, Immanuel Wallerstein, Michael Mann, Randall Collins


First, the Kondratieff cycles: In order to accumulate significant amounts of capital, producers require a quasi-monopoly

—p.11 Structural Crisis, or Why Capitalists May No Longer Find Capitalism Rewarding (9) by Immanuel Wallerstein
notable
9 years, 5 months ago