Abstract
The focus of this conference volume on technological and social explanations of long swings is entirely welcome. These two alternative economic perspectives on long swings have until now received scarcely any comparative attention. We do not yet even know, for example, whether these theories are relatively more complementary or competing since neither their internal logical structure nor their explanatory power has been juxtaposed. It is particularly striking, indeed, that the literature pursuing each approach almost never makes reference to the other. Responding to this overdue occasion, I undertake in this paper a direct comparison of these two alternative approaches to long-term economic fluctuations.
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Gordon, D.M. (1989). What Makes Epochs? A Comparative Analysis of Technological and Social Explanations of Long Economic Swings. In: Di Matteo, M., Goodwin, R.M., Vercelli, A. (eds) Technological and Social Factors in Long Term Fluctuations. Lecture Notes in Economics and Mathematical Systems, vol 321. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48360-8_15
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