CYCLES AND CRISES: HISTORY AND MODERNITY (THE RESULTS OF THE INTERNATIONAL NOBEL ECONOMIC FORUM)

Abstract

The paper analysis the main features of crisis phenomena in the early 21st century taking into consideration the overlapping stages of different types of business cycle (short and medium terms). The authors evaluate different kinds of economic cycles from the viewpoint of both history and modernity on the basis of opinions formulated during the International Nobel Economic Forum ôWord Economy in the 21th Century: Cycles and Crisesö (held in September 2008 at Dnipropetrovsk, University of Economics and Law, Ukraine).

Keywords

• business cycles
• short and medium term cycles
• factors of crisis
• cyclic and genetic dynamics of society