Saturday, February 22, 2003

Bryan Kavanagh: A New Economic Depression
"This paper puts the case that Henry George provided the explanation for economic depressions before Kondratieff demonstrated their approximate periodicity. It further argues that Australia, rich in the relevant real estate data, may be taken as a proxy for other industrialised nations in testing the current longwave cycle."

The paper includes Bryan's graphs showing the real estate cycle over the last 30 years and the relationship of property volatility to the economy.

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