Abstract
In times of economic stagnation, the debate about “long waves” of economic growth typically refreshes. This has also been the case in the period of the world-wide economic stagnation since 1970. But the results concerning the existence of long-term cycles of economic activity are still controversial. In this contribution, the “ups and downs in the pulse of science and technology” (Price) are related to economic growth cycles. It turns out that Schumpeter's contention of an inverse relationship between the level of scientific and technological activity on the one side and economic growth on the other side is correct for 1500 to 1900. Thereby also an indirect proof is furnished for the existence of long economic growth cycles in the last centuries.
Similar content being viewed by others
References
N. D. Kondratieff, Die langen Wellen der Konjunktur,Archiv für Sozialwissenschaft und Sozialpolitik, 56 (1926) 573–609.
J. Reijnders,Long Waves in Economic Development, Elgar, Aldershot, Brookfield, 1990.
B. J. L. Berry,Long-wave Rhythms in Economic Development and Political Behavior, John Hopkins Univ. Pr., Baltimore, London, 1991.
G. Mensch,Das technologische Patt. Innovationen überwinden die Depression, Umschau-Verl., Frankfurt a.M., 1975.—Engl. ed.: Stalemate in Technology. Ballinger, Cambridge, 1979.
J. S. Goldstein,Long Cycles. Prosperity and War in the Modern Age, Yale Univ. Pr., New Haven, London, 1988.
J. van Duijn,The Long Wave in Economic Life, Allen and Unwin, London, 1983.
K. Pavitt, Uses and abuses of patent statistics. In:A. F. J. van Raan (Ed.),Handbook of Quantitative Studies of Science and Technology, North-Holland, Amsterdam, 1988, pp. 509–536.
P. A. Sorokin,Social and Cultural Dynamics, Vol. 2, Bedminster Pr., New York, 1937, Repr. 1962.
D. de Solla Price, Ups and downs in the pulse of science and technology,Sociological Inquiry, 48 (1978) 162–171.
R. Wagner-Döbler,Wachstumszyklen technisch-wissenschaftlicher Kreativität. Eine quantitative Studie unter besonderer Beachtung der Mathematik, Campus-Verl., Frankfurt/M., New York, 1997 (in press).
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Wagner-Döbler, R. Scientometric evidence for the existence of long economic growth cycles in Europe 1500–1900. Scientometrics 41, 201–208 (1998). https://doi.org/10.1007/BF02457978
Received:
Issue Date:
DOI: https://doi.org/10.1007/BF02457978