34. D:\FTP\Spufford\13c.net (91)
The dynamic that drives monetization in Europe in the 12th-14th centuries is not purely
endogenous, however, but driven by population cycles. This is Peter Turchin's Nonlinear Time Series
Analyzer for the detrended English population cycle, 1100-1800, scaled in decades, with cycles
occurring every 200-300 years.