On Oct 16, 2008, at 11:53 AM, James Heartfield wrote:
> Somehow, I was always put off by the 'Kondratieff Cycles' - they
> seemed to me to be an argument that reality should subordinate
> itself to a theory, rather than a theory that captured real laws of
> social development - but maybe I was wrong. Does anyone understand
> the method behind the Kondratieff cycle?
It's based on a sample of, what, two or three? I've been hearing that we're on the downcycle of a K-wave since the early 1980s.
Doug