The Economic Cycle of Revolution

Vladimir Mau and Irina Starodubrovskaya

in The Challenge of Revolution

Published in print February 2001 | ISBN: 9780199241507
Published online November 2003 | e-ISBN: 9780191599835 | DOI:
 The Economic Cycle of Revolution

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This chapter provides a theory of the economic cycle, which drives full‐scale revolutions (as opposed to mere crises), which involves the interactions of three basic factors—changes in the structure of demand, the logic of government, and changes in transaction costs. It explains how each of these factors contributes to the various phases of the cycle, and provides historical examples of their operation.

Keywords: theory of revolution; economic cycle

Chapter.  14488 words.  Illustrated.

Subjects: Comparative Politics

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