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This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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

Highlighted phrases

kondratieff cycles



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
6 years, 11 months ago


it has long been argued that there are so-called 'long waves' or 'Kondratieff cycles' lasting on average fifty years in capitalist developmental history based upon tehcnological innovations

he thinks the theory is incomplete (doesn't account for cultural/organisational shifts?)

—p.96 Creative Destruction on the Land (84) by David Harvey
notable
6 years, 6 months ago