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Re: Kondratieff. by kenneth couesbouc 16 April 2003 12:24 UTC |
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Ganesh, Schumpeter and, later, Kuznets can't explain the various cycles individually. All they consider is growth in general. And then, apparently, cycles just happen of themselves. Why not take demand into consideration? Debt increases demand and debt durations coincide rather well with the studied cycles. Why has no one gone into this? Regards, Kenneth ___________________________________________________________ Do You Yahoo!? -- Une adresse @yahoo.fr gratuite et en français ! Yahoo! Mail : http://fr.mail.yahoo.com
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