The Great Wave: Price Revolutions and the Rhythm of History

"The Great Wave" explores how serfdom and economic systems have evolved through major price revolutions across history. It argues that societies experience periodic upheavals—large shifts in prices and economic structures—that reshape social hierarchies and power. These revolutions, like the rise and fall of feudalism or capitalism, follow rhythmic patterns driven by technological changes, population growth, and cultural shifts. The book emphasizes that understanding these cycles helps us see how economic forces influence history’s progress, revealing a patterns of expansion and contraction that influence social and political developments over time.