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Tehre are some eocnomists (Marx among them if you want to call it that way) that do defend the existence of cycles..
And I am compltely with you on that.. if we talk about cylces (more growth less groth/minor recession), I think the oscialltory regime is what you should aim for and not thermodynamics. You do not need such a huge precision on the definition of "variable".. given its bifurcation theory approach where actuallyd efining precisely the variable is not "necessary".
I just did not comment on that beccause I thought it deviated from my point.
But I agree with you on that.
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
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