Rostow's Kondratieff Cycle in Australia

Bibliographic Data

ID10102115
AuthorsDavid Pope (0000-0003-1806-198X, Australian National University, corresponding author)
Year1984
Volume44
Issue3
Pages729-753
Publication date1984-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700032344
OpenAlexW2118743789
LanguageEN
Citations received2
References cited21

The turn of economic events in the early 1970s correlates with a revival of ideas about the existence of long swings in economic development. The subject of Kondratieff cycles has attracted the pens of social scientists of very different persuasions. This paper draws on Walt W. Rostow's interpretation—with its emphasis on the role of exporters of food and raw materials in the world economy—to explore Australian long waves over the last 110 years. I conclude that the case for their existence is not confirmed and moreover that Rostow's cycle-mechanics offer a doubtful explication of movements in the Australian series

Business cycle · Economics · Economy · Epistemology · Explication · Interpretation (philosophy · Keynesian economics · Kondratiev wave · Neoclassical economics · Subject (documents · Economic Growth and Productivity · Economic Theory and Policy · History · Philosophy