Tag: Industrial Revolution

As economic beings we are extremely ‘short-sighted’ by nature. We don’t fully appreciate the differences and interactions between the short-, medium- and long-term. It was Burns & Mitchell (1946) who tried to measure the economic cycles. Today there are four broad classifications of business cycles as follows: Kitchin cycle (3 – 5 years) – The … Continue reading A Disconnected World – The Information Age Irony