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Business cycles, including Kondratieff waves

February 6 2009 at 10:28 AM
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QUITTNER  (no login)


Response to I hear that from some of my friends with small businesses

 

It will get worse for a time, but eventually (when?) the bottom will be reached, and from then on things will get better, and better.
..... It seems that the economic/money system we have includes structural instability, with good times followed by bad times and vice versa. I am reminded of the biblical story of Joseph in Egypt who during the GOOD years saved up a lot of food that later on, during years of famine in other countries, helped him not only to provide enough food for his own country's population, but even to sell some food to others (at very high prices?).See
http://en.wikipedia.org/wiki/Business_cycle
http://en.wikipedia.org/wiki/Kondratieff_Waves
..... also see some of the many references, further reading suggestions, and the external links listed.


 
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Responses

  1. Interesting to hear Economists suggesting - Christopher Blackwell on Feb 7, 9:13 PM
  2.  
  3. As above so below - Keltoi on Feb 10, 9:38 PM
    1. It doesn't work obviously - Christopher Blackwell on Feb 10, 11:06 PM
      1. To Christopher and Keltoi: - QUITTNER on Apr 3, 12:16 PM
     
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