Prometheus prostrate

The revival of interest among Marxists and Schumpeterians in regular, half-century long waves of economic activity since the Industrial Revolution leads beyond the mainstream liberal preoccupation with abundance-such as that spawned by Limits to Growth-to consideration of the technological revolutions historically spurring cycles of growth. The requirements and character of future technological revolutions, and prospects for capitalism and liberal institutions, are sketched in an effort to demonstrate what the debate should be about.