The Theory of Long Ways of Capitalist Development

The concept of long ways of capitalist development is one that's attracted a lot of attention from radical economists like ernest mondel. And if so, how do you think it applies to the recent history of capitalism? I seeh this is a very useful concept, because it tells you something about the dynamic of capitalism. Dynamic of capitalism is nothing like equilibrium. It's precisely dynamic, a dynamic that is also not linear. O i think this remark is in very broad erigenal attemps very relevant for trying to figure out the various stages of the varuous epochs of capitalism.