Title:

The theory of long waves and institutional сhanges: the memory of generations hypothesis

Group publication title:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

Title in english:

Research Papers of Wrocław University of Economics

Creator:

Horodecka, Anna ; Vozna, Liudmyla

Subject and Keywords:

long Kondratiev wave ; social upheaval ; change of generations ; erasure of historical memory ; erosion of institutions

Description:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2018; Nr 509, s. 95-109

Abstrakt:

The article regards the main conceptions of the long Kondratiev wave and proposes the hypothesis that connects the length of the K-wave with change of generations. According to the article’s hypothesis, a major historical event (e.g. a war or a deep economic recession) that happens in a society at a given time t causes the creation of some institutions designed to mitigate the consequences of this event and avoid its recurrence in the future. With a change of generations, the historical memory about the t-event is weakening, and this leads to the erosion of mentioned institutions increasing risks of the emergence of similar events. So the article attempts to demonstrate that some problems faced by modern Western society can also be associated with the cycle described in the article

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2018

Resource Type:

artykuł

Format:

application/pdf

Resource Identifier:

doi:10.15611/pn.2018.509.08

Language:

eng

Relation:

Problemy ekonomii, polityki ekonomicznej i finansów publicznych ; Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2018; Nr 509

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu