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Excerpt from The Economic Long Wave: Theory and Evidence
This paper describes the integrated theory of the long wave that has now emerged from the nm. The behavioral underpinnings of the theory are discussed and contrasted against traditional economic theory. The major sources of the long wave are presented and analyzed through simulations. Though not intended as a definitive treatment of empirical evidence for long waves, the paper presents some of the basic corroborative evidence to show how the NM endogenously generates a wide range of economic data.
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