Economic Bubbles in Long-Wave Dynamics: To Avoid or Dose Out. Part 2
In the article the role of the financial capital in formation of long waves of economic development is presented. Various theoretical concepts of occurrence of financial bubbles are stated. Conditions of occurrence of such bubbles during separate phases of a long wave are defined. Among these conditions the role of financial innovations is allocated. Ambiguous influence of financial bubbles on structural shifts in manufacture is considered. It is shown, that for a growth phase of a long wave the dosed out approach to an economic bubble in the form of superfluous (in relation to a level of demand in a maturity phase) capacities is actual.