In geometry fundamental assumptions are made; these assumptions are called "axioms."

If an axiom is written that is in any way - even minor - flawed, then all successive conclusions are false.

The errors in economics are of the axiomatic variety.

The Kondratieff cycle is all about the periodic failure and regrouping of economics. When the breakdown and repair portion of the cycle happens we have an opportunity to completely redesign the system.

Levi Philos