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Politics : Foreign Affairs Discussion Group

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To: bentway who wrote (257234)	2/22/2008 11:48:29 AM
From: c.hinton	Read Replies (1) of 281500

Re economic miracal....that depends what school of thought one follows....... I personally like the idea of cycles both short and long term. The existance of such cycles preclude an economic miracle being attributed to just one person or policy. the Kitchin inventory cycle (3-5 years) - after Joseph Kitchin. the Juglar fixed investment cycle (7-11 years) -- after Clement Juglar. the Kuznets infrastructural investment cycle (15-25 years) -- after Simon Kuznets, Nobel Laureate. the Kondratieff wave or cycle (45-60 years) -- after Nikolai Kondratieff. Even longer cycles are occasionally proposed, often as multiples of the Kondratiev cycle. [edit] PSThe existance of very long term cycles is much debated...so believe what you want to. en.wikipedia.org

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