New Findings in Long-wave Research

The question of whether 40-60-year Kondratieff long waves in economic growth actually exist has been controversial since 1920. This book applies methods of time series analysis and reports evidence of long waves in the 19th and 20th centuries. Contributions from Russia, USA and France are included.

The question of whether 40-60-year Kondratieff long waves in economic growth actually exist has been controversial since the 1920s. The authors of this book apply new methods of time series analysis and report evidence of long waves in the 19th and 20th centuries. In the second section of the book, contributions from Russia, the USA and France show that there is a long wave pattern in the aggregate profit rates of several highly industrialized countries. Although there is still a lot to be discussed about the properties of various profit rate estimates, this research sheds new light on the discussion of the famous Marxian law of the falling tendency of the aggregate profit rate. The third section of this book provides theoretical discussions and attempts at modelling the role of social, economic and technological factors in the long-wave process, besides presenting new data on long-run patterns of labour unrest. While answers to a number of old questions come within reach, interesting new hypotheses emerge.

Preface - Notes on Contributors - Long Wave Research: New Results, New Departures, An Introduction
A.Kleinknecht - PART 1: EMPIRICAL TESTS OF LONG WAVES - Between Trend and Trade Cycles: Kondratieff Waves revisited
J.Reijnders - Filter Design in the Frequency Domain
R.Metz &
W.Stier - A Re-examination of Long Waves in Aggregate Production Series
R.Metz - Testing Long Waves in Price and Volume Series from 16 Countries
H.Gerster - PART 2: LONG-RUN PROFIT RATES - Long Waves in Profit Rates of Four Countries
A.Poletayev - Comment
A.Reati - The Falling Rate of Profit as the Cause of Long Waves: Theory and Empirical Evidence
A.Shaikh - Rejoinder
A.Shaikh - Rate of Profit and its Determining Factors from a Regulationist Point of View
L.Fontvieille - Comment
G.Roland - PART 3: ACCUMULATION, LONG WAVES AND SOCIAL CHANGE - Long Waves as an Endogenous Process
S.Menshikov - Great Depressions as Transitional Phases within the Capitalist Mode of Production: The Interplay of Socio-economic and Techno-economic Factors
T.Kuczynski - Comment
B.Verspagen - Class Struggle and the Kondratieff, 1870 to the Present
B.Silver - Comment
P.Scholliers &
A.Meynen - Long Waves and the Dialectic of Innovations and Conflicts
P.Dock s &
B.Rosier - The International Debate on Long Waves of Capitalist Development: An Intermediary Balance Sheet
E.Mandel - A Brief Agenda for the Future of Long Wave Research
I.Wallerstein - Index