Abstract
For over a century many economists have maintained that the historical development of capitalist economies can be usefully described in terms of regular, re-occurring cyclical movements in overall economic activity. Depending upon the investigator, these regularities have been revealed allegedly in re-occurring 3–5 year inventory or Kitchin cycles, 7–11 year investment or Juglar cycles, 15–25 year building or Kuznets cycles and 45–60 year long-wave or Kondratieff cycles.
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Cornwall, J. (2018). Long Cycles. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1202
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1202
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