ABSTRACT
In the previous chapter economic growth has been shown as an S-shaped phenomenon. The S-shaped curve may be an adequate visualization of the growth of products, or industries, or even national industrial output during a certain length of time, but would it also be suitable to describe the secular growth of an economy? Do economies follow a certain growth pattern in their transition from agricultural to industrial and post-industrial societies? And if so, how is the long wave intertwined with this growth pattern?
