Kondratiev Waves: Difference between revisions

Revision as of 11:51, 18 November 2021

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-=Discussion=
+see: [[Kondratiev Cycles]]
-From the Wikipedia:
-"In pseudoeconomics, Kondratiev waves (also called supercycles, great surges, long waves, K-waves or the long economic cycle) are hypothesized cycle-like phenomena in the modern world economy.[10] It is stated that the period of a wave ranges from forty to sixty years, the cycles consist of alternating intervals of high sectoral growth and intervals of relatively slow growth.
-Such theories are dismissed by most economists on the basis of econometric analysis which has found that recessions are essentially random events, and the probability of a recession does not show any kind of pattern across time.[ Despite frequent use of the term business cycles to refer to changes in an economy around its trend line, the phrase is considered a misnomer. It is widely agreed that fluctuations in economic activity do not exhibit any kind of predictable repetition over time, and the appearance of cycles is a result of pareidolia."
-(https://en.wikipedia.org/wiki/Social_cycle_theory)
 [[Category:P2P Cycles]]