Those revolutions are not strictly incessant; they occur…
“Those revolutions are not strictly incessant; they occur in discrete rushes which are separated from each other by spans of comparative quiet. The process as a whole works incessantly however, in the sense that there always is either revolution or absorption of the results of revolution, both together forming what are known as business cycles.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Economic change occurs in bursts of innovation followed by periods of stability, forming cycles.
In simple terms: Revolutions happen in waves, not continuously.
Recognize and adapt to cyclical change.
Themes
Mood
Type
When to use this quote
- investment strategy
- career planning
- policy making
- academic study
Key Concepts
Questions to Reflect On
- How do you prepare for the next wave?
- What can be learned from quiet periods?
Continuous innovation can be limited by structural inertia.