francisco louçã iseg, lisbon
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Doomsday Capitalism: Is There a Way Out of the Long Depression? Seminario Globalizacion, Conocimiento y Desarrollo UNAM, 15-17 March 2006. Francisco Louçã ISEG, Lisbon. A conventional view of growth. Long Waves in capitalist development. Expansion Depression 1st LW 1789-1816 1816-1847 - PowerPoint PPT PresentationTRANSCRIPT
Doomsday Capitalism:Doomsday Capitalism:Is There a Way Out of the Long Is There a Way Out of the Long
Depression?Depression?
Seminario Globalizacion, Conocimiento y DesarrolloSeminario Globalizacion, Conocimiento y DesarrolloUNAM, 15-17 March 2006UNAM, 15-17 March 2006
Francisco LouçãFrancisco Louçã
ISEG, LisbonISEG, Lisbon
A conventional view of growthA conventional view of growth
Long Waves in capitalist developmentLong Waves in capitalist development• Expansion Expansion DepressionDepression
1st LW 1st LW 1789-18161789-1816 1816-18471816-1847 Age of cotton and water powerAge of cotton and water power
2nd LW 2nd LW 1848-1873 1848-1873 1873-18961873-1896 Age of steam power and mechanizationAge of steam power and mechanization
3rd LW3rd LW 1896-1919 1896-1919 1920-1939/451920-1939/45 Age of steel and electrificationAge of steel and electrification
4th LW 4th LW 1945-1967/73 1945-1967/73 1974-?1974-? Age of motorization and mass productionAge of motorization and mass production
Diffusion of steelDiffusion of steel
ElectrificationElectrification
Managerial and organizational Managerial and organizational changes through the long waveschanges through the long waves
Water power, mechanizationWater power, mechanization factory systemfactory system
Steam power, mechanizationSteam power, mechanization joint stock co.joint stock co.
ElectrificationElectrification specialized professional specialized professional management, Taylorismmanagement, Taylorism
MotorizationMotorization mass production, Fordismmass production, Fordism
ComputerizationComputerization networks, local and networks, local and global global productionproduction
Rate of profit (US vs EU)Rate of profit (US vs EU)
A measure of the long crisis for the G6A measure of the long crisis for the G6
Comparison of Techno-Economic ParadigmsComparison of Techno-Economic Paradigms