The Great Depression Is Coming

Georgi Naidenov
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Georgi Naidenov: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2020, issue 3, 98-107

Abstract: The article examines the grounds for the thesis expressed 10 years ago that the 2008- 2012 crisis is not identical to the Great De­pression and that a crisis similar to the Great Depression is yet to come. Vladimir Pantin’s theory of the four stages of the evolution of the world market is presented. It is stated that a great depression can be expected at the bottom of the transition from the first to the second Kondratiev wave in the current cycle of the evolution of the world market. Based on a study of the shortening of Kondratiev waves conducted a few years ago, it is argued that we can expect the Great Depression nowadays.

Keywords: great; depression (search for similar items in EconPapers)
JEL-codes: E32 F02 F34 F44 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2020:i:3:p:98-107

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