Abstract
The paper describes different authors’ opinions on technology cycles typology and evaluates the concept of three megacycles under capitalism. Some attractive aspects of this concept (its large historical context, coordination of technological innovations with foreign trade and industrial policy) and its questionable points (rigid connection of each megacycle with only one country-leader and narrow-minded understanding of three waves in each megacycle) are stated. The author gives his own characteristic of a technological megacycle and of the three waves inside it (scientific research, innovative production, perfection of mass products sale infrastructure) as well as of the influence of technological progress on social evolution.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
