The Great Wave - Economic cycles following Malthusian boom-bust cycles (environmental overshoot)

Adapted from:The Great Wave: Price Revolutions and the Rhythm of History, David Hackett Fischer, ISBN 0-19-512121-X

 

The  "Revolutionary" wave in Europe - 1650 - 1800

The "Victorian equilibrium" - stabilization after Crisis by slow population growth, rapid technological advance.

The "price revolution" (inflation) of the 20th century - rising population, falling incomes, possibly heading to ecological "overshoot" of Earth's carrying capacity