Using data from Britain, France, Germany, the United States, and the world economy between 1850 and 1973, this book presents a clear and systematic examination of the evidence for long-term patterns of economic growth. The author refutes the existence of long (Kondratieff) waves in the course of economic development, and instead presents persuasive evidence for a growth pattern characterized by episodic long swing fluctuations of twenty to thirty years, documenting and explaining these phases in a historical perspective.
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Editorial Reviews
Review
"Solomou's achievement in this terse and clear book...is remarkable. His handling of the main statistical series on growth is masterly...his knowledge of the secondary sources is clearly encyclopaedic...Anyone interested in the recent economic history of the major Western economies, or the world economy, should read and reread Solomou..." The Economic Journal
"Overall, Solomou's arguments are plausible and his reasoning cogent. He has amassed a great amount of information to support his conclusions. His prose style is clear and crisp..." The Times Higher Education Supplement
"Overall, Solomou's arguments are plausible and his reasoning cogent. He has amassed a great amount of information to support his conclusions. His prose style is clear and crisp..." The Times Higher Education Supplement
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2 of 9 people found the following review helpful:
2.0 out of 5 stars
Not for the faint hearted,
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This review is from: Phases of Economic Growth, 1850-1973: Kondratieff Waves and Kuznets Swings (Paperback)
This foregin author is obviously full of himself in usingjargon that is beyond the average reader's grasp. This book isintended for a math major as well as a economic historian major. Ifyou're intreagued by this market and would like to read about Kondradeiff's theories, I highly suggest another book. So why 2 stars? The book holds good historical data if you can drudge through the formulas and pompous verbiage.
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Inside This Book
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First Sentence:
Economic growth has not been steady over long periods throughout history. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
aggregate swings, wave phasing, investment swings, monetary variations, flexible labour supplies, growth swings, sectoral terms, major capital exporters, profitability variations, compromise estimate, reconstruction cycle, geometric growth rate, downswing phases, trend acceleration, long swings, innovation clusters, swing pattern, value debits, price waves, growth variations, capital stock figures, profitability trends, world industrial production, investment path, swing variations Key Phrases - Capitalized Phrases (CAPs): (learn more)
Van Duijn, First World War, Atlantic Economy, Second World War, Van Ewijk New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Economic growth has not been steady over long periods throughout history. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
aggregate swings, wave phasing, investment swings, monetary variations, flexible labour supplies, growth swings, sectoral terms, major capital exporters, profitability variations, compromise estimate, reconstruction cycle, geometric growth rate, downswing phases, trend acceleration, long swings, innovation clusters, swing pattern, value debits, price waves, growth variations, capital stock figures, profitability trends, world industrial production, investment path, swing variations Key Phrases - Capitalized Phrases (CAPs): (learn more)
Van Duijn, First World War, Atlantic Economy, Second World War, Van Ewijk New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 67
books:
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8
books
cite this book:
See all 8 books citing this book
- Economic Growth by W. W. Rostow in Back Matter (1), Back Matter (2), and Back Matter (3)
- Research in Economic History by Paul Uselding in Back Matter (1), Back Matter (2), and Back Matter (3)
- Essays in Quantitative Economic History by Roderick Floud in Back Matter (1), and Back Matter (2)
- Economics in the Long View: v. 1 by Charles P. Kindleberger in Back Matter (1), and Back Matter (2)
- Theory of Economic Development (Galaxy Books) by Joseph A. Schumpeter on page 7, and Back Matter
See all 67 books this book cites
- Long-Wave Rhythms in Economic Development and Political Behavior by Brian J. L. Berry in Back Matter
- Making History Count: A Primer in Quantitative Methods for Historians by Charles H. Feinstein in Back Matter
- A Macroeconomics Reader by Brian Snowdon on page 551
- Modern Germany Reconsidered: 1870-1945 by Gordon Martel on page 236
- The Long Wave in the World Economy: The Current Crisis in Historical Perspective by Andrew Tylecote in Back Matter
See all 8 books citing this book
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