8/18/2019 Stationary Economy: When the Economic Long Wave is Exhausted - 2

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Tlkm tlk Kahmh`ja

Tis jt okaiusk tlk Kahmh

kmtkrkg jm i Qtitjhmiry Ka

oirrjkr Nipim aim mht arhss

Ajrabk> Ouoobk ouffkr  zhmk j

Drhwtl Wrkmg jm th i Qtitj

Wlk j`phrtimak h ahmsj

&uimtjtjks h $uobja #kot j

li'k th ok pijg (wjtl) "h

   $   h   s   j   t   j   '   k

   K   a   h   m   h   `   j   a

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Bhmd Tivk js Kxliustkg> Wlk [QI im

Aisk.

ja Bhm! Ti'k h Nipim js k+liustkg img,h

hmh`y img tlit js wly wlkm jt irrj'ks th

8

m "h`jmib Drhwtl. Drkkm Bjmk> Ousjmkss %y

miry Kahmh`y.

krjm! "h`jmib D#$ js tlit $uobja %lhjak

i trjib h j`prh'jm! tlk Ousjmkss %yabk img

jmib D#$ ah`phmkmts.

Wlk Nipimksk

okaiusk Nipim lis

im irki jt iats is i

bk. bia! Irrh"s>

js !kmkritjm! lu!k

lit $uobja #kot wjbb

8/18/2019 Stationary Economy: When the Economic Long Wave is Exhausted - 2

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#jddjmd jm tlk Qtitjhmir$ %$phtlksjs> $rk'jhus th kmtkr jm th i Qtitjhmiry Kahmh`y wk aim

k+pkat tlit tlk Qystk` abkims tlk ouoobk ah`phmkmt h tlk !rhwtl- jm tlk Qpimjsl aisk jt

js abkir tlit pirt h tlk !rhwtl jm rkakmt ykirs lig tlit ah`phmkmt okaiusk h tlk ouoobkjm tlk kib Qtitk Qkathr. / Wlk Kahmh`y wjbb ok iobk th kbj`jmitk tljs ah`phmkmt jm hmk hr

`hrk Nu!bir %yabks wljbk jt rkstruaturks jtskb. Tlktlkr yhu `kisurk tljs ouoobk

ah`phmkmt h tlk D#$ oy jmkrrjm! jt rh` tlk Qtruaturib $uobja #kjajt arkitkg oy tlk

%rjsjs h i Bhm! Ti'k %yabk k+liustkg hr usjm! #ymi`ja Kahmh`ktrja 5hgkbs h Qkathrs

/mtkr9rkbitkg jt js jmgjkrkmt it tljs phjmt? wlit js abkir js tlit tlk $ki1 h Wlk %yabk js

bhwkr- jm tlit skmsk? wk aim k+pkat tlit tlk Qtitjhmiry Kahmh`y slhws i prh!rkssj'k bhw

trkmg th tlk mh9ouoobk9pki1. &htjak tlit tljs 'ki! Drh"tl Irki ("jtlhut )u))bks* js

usk+ub +hr Kahmh`jas kvkm j+ i mk" ,-A$abk ippkirs jm tlk mkxt +uturk.

%hmsjgkrjm! tlk ioh'k ah``kmtkg? pkrlips jt js mkakssiry tlit wk stirt th tljm1 iohut

tlk phssjojbjty tlit tlk Dbhoib Kahmh`y ahubg ti1k gkaigks jm arkitjm! i mkw Kahmh`ja

Km!jmk tlit !j'ks ojrtl th i "kw 7hmgritjk' Ti'k hr 79%yabk img? ahmrhmtjm! tlit hptjhm?

`iyok js tj`k th rk'jsjt tlksk iutlhrs tlit whr1kg hm Qtitjhmiry Kahmh`jas.

;tlkr ispkat th ahmsjgkr js? tlit hr surk? jm tlk mk+t ykirs? tlkrk wjbb ok strhm! prkssurk

rh` irkis bj1k K`pbhy`kmt? /``j!ritjhm? #k`h!riplja %lim!k? /mah`k #jstrjoutjhm? kta

th ikat $uobja %lhjak img Ousjmkss %yabks jm tlk ij` h !ijms jm tkr`s h Tkbirk img?

`iy ok? wk wjbb skk i rk'j'ib h tlit k+akbbkmt Kahmh`jst tlit js N. K. 5kigk. /m tlk mk+t

bjm1s? yhu aim jmg sh`k rkskiraljm! rkshuraks th k+pbhrk> Bjm!? Bjm16? Bjm14? Bjm1