As a student of social cycles , I am always on the lookout for new instances of social cycle theories. And in writing my current book review, I have come across one: the free-market cycle. Here is the author of The Invisible Hand? , Bas van Bavel, describing this cycle: The three main cases analyzed in the book, and also the three modern cases that are more tentatively discussed, show a similar pattern in the interaction of society, market institutions, and economy. In this pattern, an originally positive feedback cycle -- between increasing freedom, growing factor markets, and economic growth -- turns into a negative one, with the increasing social polarization, institutional sclerosis, markets that become increasingly skewed towards the interests of market elites, and economic growth stagnating and turning into relative or absolute decline. (251) The cases being analyzed are ones in which factor markets -- for land, labor, and capital -- come to increasingly dominate the allocati