Dunaev B.B.
Dynamics of economic cycles

Cyclic economic development is a result of existed and existing changes in the relation between demand and supply in the goods market that upset its equilibrium, but this equilibrium is restored with constant time rhythms in the course of self-regulation of the number of persons engaged in the production sphere depending on a conjuncture of consumer demand. It is shown that the observed Kondratyev (Kondratieff) waves are measured in basic prices by the real value of the capital available in the production sphere and are representable by its time graphs. © 2017, Springer Science+Business Media New York.

Keywords: capital, conjuncture, crisis, cycle, demand, economy, environment, equilibrium, inflation, investment, labor, market, money, reproduction, supply, Commerce, Investments, Marketing, Personnel, Phase equilibria, capital, conjuncture, crisis, cycle, demand, economy, environment, inflation, money, reproduction, supply, Economics

Cite:
Dunaev B.B. (2017). Dynamics of economic cycles. Cybernetics and Systems Analysis, 53 (2), 146-162. doi: https://doi.org/10.1007/s10559-017-9929-3 http://jnas.nbuv.gov.ua/article/UJRN-0000670419 [In Russian].