The Economic Long Wave (Classic Reprint): Theory and Evidence - Couverture souple

Sterman, John D.

9781330376096: The Economic Long Wave (Classic Reprint): Theory and Evidence

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ISBN 10 : 1330376099 ISBN 13 : 9781330376096

Editeur : Forgotten Books, 2018

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Excerpt from The Economic Long Wave

This paper describes the integrated theory of the long wave that has now emerged from the nm. The behavioral underpinnings of the theory are discussed and contrasted against traditional economic theory. The major sources of the long wave are presented and analyzed through simulations. Though not intended as a definitive treatment of empirical evidence for long waves, the paper presents some of the basic corroborative evidence to show how the NM endogenously generates a wide range of economic data.

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�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1330376099
ISBN 13: 9781330376096
Reliure: Broch�
Nombre de pages: 63
Coordonn�es du fabricant: non disponible
Personne responsable: non disponible

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The Economic Long Wave: Theory and Evidence (Classic Reprint)

John D. Sterman

Edit� par Forgotten Books, 2018

ISBN 10 : 1330376099 ISBN 13 : 9781330376096

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. Print on Demand. This book examines the cyclical upswing and downturn of economies, known as the "Kondratiev cycle." The author draws on the System Dynamics National Model, a comprehensive computer simulation, to explore how seemingly small fluctuations in individual companies' decisions can amplify into major economic shifts, including the long wave. The book delves into the mechanics of these cycles, discussing how the interaction of factors such as capital investment, labor markets, interest rates, and debt create a feedback loop that fuels economic expansion, and then, inevitably, leads to recession. The author explores how these economic cycles influence the rate of innovation, the pace of social change, and even political values. Ultimately, the book challenges conventional economic theory by presenting a more nuanced picture of economic processes that emphasizes the interconnectedness and dynamic nature of human behavior within the complex system of a national economy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781330376096_0

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