We Can Discern Cycles and Waves, But Not the Outcomes
Which brings us to the present and the cycles and waves that have yet to reach the concluding third act, where the dramatic climax leads to resolution.
We can discern cycles and waves in the past and posit them in the present, but not the outcomes. A great many phenomena follow cyclical patterns, from sunspots to Peter Turchin’s 50-year cycle of human history, while others form waves.
Author David Hackett Fischer (The Great Wave: Price Revolutions and the Rhythm of History) described the difference betw…
