Onwaves dating site
Perez (2002) places the phases on a logistic or S curve, with the following labels: the beginning of a technological era as irruption, the ascent as frenzy, the rapid build out as synergy and the completion as maturity.
Because people have fairly typical spending patterns through their life cycle, such as spending on schooling, marriage, first car purchase, first home purchase, upgrade home purchase, maximum earnings period, maximum retirement savings and retirement, demographic anomalies such as baby booms and busts exert a rather predictable influence on the economy over a long time period.
Kondratiev focused on prices and interest rates, seeing the ascendant phase as characterized by an increase in prices and low interest rates, while the other phase consists of a decrease in prices and high interest rates. Understanding the cause and effect of Kondratiev waves is a useful academic discussion and tool.Kondratiev Waves present both causes and effects of common recurring events in capitalistic economies throughout history.Although Kondratiev himself made little differentiation between cause and effect, obvious points emerge intuitively.The theory was developed by Irving Fisher following the Wall Street Crash of 1929 and the ensuing Great Depression.Debt deflation was largely ignored in favor of the ideas of John Maynard Keynes in Keynesian economics, but has enjoyed a resurgence of interest since the 1980s, both in mainstream economics and in the heterodox school of post-Keynesian economics, and has subsequently been developed by such post-Keynesian economists as Hyman Minsky Edward Tilley suggested in 2016 that by actively correcting inequity within the long wave, capitalist societies can and have avoided depressions.