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Social change, in sociology, the alteration of mechanisms within the social structure, characterized by changes in cultural symbols, rules of behaviour, social organizations, or value systems. Throughout the historical
development of their discipline, sociologists have borrowed models of social ... download Long waves of capitalist development ebook In economics,
Kondratiev waves (also called supercycles, great surges,
long waves, K-
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long economic cycle) are hypothesized cycle-like phenomena in the modern world economy.. It is stated that the period of a wave ranges from forty to sixty years, the cycles consist of alternating intervals of high sectoral growth and intervals of relatively slow growth. Keynesianism. In Schumpeter's theory, Walrasian equilibrium is not adequate to capture the key mechanisms of economic
development. Schumpeter also thought that the institution enabling the entrepreneur to buy the resources needed to realize his vision was a well-developed
capitalist financial system, including a whole range of institutions for granting credit.
Long waves, technological systems, and techno-economic paradigms. The discovery of cyclic phenomena of
long duration in economic activity is generally attributed to the Russian economist N.D Kondratiev, who in the 1920s described the existence of
long waves in the world economy.
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