Cycles, Value & Employment

An unconventional evaluation of the causes which, in the last ten years, have dramatically pushed down the rates of economic growth. The distinguished author, a member of the Club of Rome, argues that it is not simply a question of a new long term economic cycle of the types described by Schumpeter and Kondratieff, but is rather the effect of a fundamental change in the traditional, industrial modes of production. A clear evaluation of such change leads to the necessity of reformulating the notion of economic value, in order to find new strategies for developing a nation's wealth.

Of interest to economists and general readers.

The long term economic movements and the dynamics of technical progress: their implications for a policy of science, technology and scientific developments, O Giarini & H Loubergé. The notion of economic value in the post-industrial society. Notes: The employment problem. A new "supply side economics": the question of the diminishing returns of technology. Economic crisis, interest rates and the diminishing returns of technology.