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Kondratieff Waves, Technological Modes, and the Theory of Production Revolutions
[collection article]
Abstract In the present article Kondratieff waves theory is considered in comparison with the theory of production revolutions which analyzes the regularities of the major technological breakthroughs in history. Both theories analyze the processes of cyclic nature related to the innovative technological deve... view more
In the present article Kondratieff waves theory is considered in comparison with the theory of production revolutions which analyzes the regularities of the major technological breakthroughs in history. Both theories analyze the processes of cyclic nature related to the innovative technological development of the World-System. The mutual comparison of both theories allows the author to make important clarifications in understanding of the long-wave dynamics as a whole, as well as to give relevant explanations of the peculiarities of the unfolding of each of the five waves and their phases, to make forecasts about the sixth wave and the development of technologies of the sixth technological mode. The special attention is paid to the analysis of aspects and limitations of the theory of technological modes, as it is used by many researchers to explain the causes of the long-wave dynamics.... view less
Classification
National Economy
Technology Assessment
Free Keywords
production revolution; Agrarian Revolution; Industrial Revolution; Cybernetic Revolution; production principle; Kondratieff waves; long waves; phases of long waves; technological innovations; technological mode; World System; service sector; complex service sector
Collection Title
Kondratieff Waves: The Spectrum of Opinions
Editor
Grinin, Leonid; Korotayev, Andrey
Document language
English
Publication Year
2019
Publisher
Uchitel Publishing House
City
Volgograd
Page/Pages
p. 95-144
ISBN
978-5-7057-5740-4
Status
Published Version; peer reviewed