Economic Cycles in Time and Space: Possibilities of Synthesis

A new approach to the study of the processes of emergence and completion of economic cycles has been proposed in the article. The genesis of the main chronological cycles, such as the cycles of Kondratiev (45–60 years), Kuznets (15–25 years), Juglar (7–11 years), Kitchin (3–4 years) has been associated in work with the action of economic forces of inertia, attraction, repulsion, friction. The intensity of these forces, in turn, depends on the scale and proportions of the development of economic systems of object, process, environment and project types. This approach has indicated the possibilities and factors for regulating the duration of cycles and, accordingly, the frequency of occurrence of intercycle crises. Along with the study of chronological cycles the conditions and features of the formation of spatial cycles that arise as recurring phenomena in certain closed spatial contours have been considered. The analogies and differences between chronological and spatial economic cycles have been investigated. The considerations given in the article can form the basis of a future general theory of space-time cycles.