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Economic fluctuation revisited

Published online by Cambridge University Press:  23 July 2002

IVAN T. BEREND
IVAN T. BEREND
Affiliation:
Department of History, University of California, 405 Hilgard Avenue, Los Angeles, CA 900–95–1446, USA. E-mail: iberend@ucla.history.edu
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Abstract

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This study discusses the various short-, medium- and long-term cycle theories and focuses on the long-term Kondratiev cycle and its Schumpeterian interpretation. It gives a summary on the economic fluctuation in the 20th century and its impact on structural transformation and regional rearrangements. The problem of ‘peripheral structural crisis’ – the destruction without creation in the relatively backward regions of Europe – is introduced.

Type
Research Article
Information
European Review , Volume 10 , Issue 3 , July 2002 , pp. 305 - 316
Copyright
© Academia Europaea 2002