Supercycles is a refreshing view of modern economics that draws richly from the author's knowledge of history and experience. Motianey questions the "science" of economics because it generally lacks verification. There are so many variables in most economic models that it is impossible to identify causality with any accuracy. As a result almost any conclusion can be explained using very different theories. Supercycles describes longer trends that suggest that violent moves in the global economy are seeded in longer term fundamental problems rather than a dotcom bubble or a subprime bubble. The bubbles are symptoms of the problem rather than the cause.



I think the book is written in a very readable format that is refreshing in its style and analysis. The book challenges the reader without the boring verbiage of typical economics texts or the fluff I would associate with the pop-economic books that have recently been written. It is thoughtful and well written. It is a unique analysis that explains much of the recent financial turbulence and unfortunately much of the turbulence that is expected to come.

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