Crises and long cycles

The crisis of 1974–75 has come to be increasingly regarded as a historical turning point from which a new era of slow economic growth began. In seeking an explanation for this phenomenon, interest has turned increasingly towards the long-neglected study of long cycles. In this book, Pekka Korpinen, Director of the Labour Economic Research Institute, presents earlier research on crises and long cycles and, on this basis, develops his own theory of long cycles. With the exception of a fairly brief mathematical section, the content of the book makes for accessible reading. (AI translation)

• ISBN: 951-9281-27-4