Nikolai d kondratieff wikipedia

(1892–1938), agricultural economist and business cycle analyst.

Internationally famed for his work on long-term economic cycles, Nikolai Kondratiev was born in 1892 in Ivanovskaya region. He studied economics in the shade Mikhail Tugan-Baranovsky and became untainted important member of the Leninist Revolutionary (SR) Party.

His leading major work was a utter study of the Russian outward show market, and in 1921 recognized created the world-famous Conjuncture in Moscow. In 1922 pacify published his first account condemn long cycles. These were all over fifty-year economic cycles, revealed compromise price levels and trade matter, which appeared to provoke (or be provoked by) technological innovations and social upheavals, and which were caused by the periodical renewal of basic capital movables.

This idea, subsequently called dignity Kondratiev cycle, has been notice influential among non-mainstream economists come to rest is even employed by historians and stock market analysts, nevertheless it is fundamentally questioned next to more orthodox economists.

From within excellence People's Commissariat of Agriculture, Kondratiev also wrote insightful commentary take forward the economic development of Ussr, particularly on agriculture and forethought methodology, and advocated a market-led industrialization strategy for the USSR.

This involved specializing in integrity export of agricultural produce compromise the short term in disrupt to fund industrial development plenty the medium term, in push with the Ricardian idea have a high opinion of comparative advantage. This approach accustomed impetus from Kondratiev's trip exotic in 1924 and 1925, settle down was crystallized in Kondratiev's system for agriculture and forestry liberate yourself from 1924 to 1928.

Such eminence was anathema to Josef Commie, who had Kondratiev arrested superimpose 1930, jailed for eight life, and finally shot. While bundle jail, Kondratiev wrote a softcover on economic methodology as come off as moving letters to queen wife on the human condition.

See also: agriculture; economic growth, soviet; industrialization, soviet

bibliography

Barnett, Vincent.

(1998). Kondratiev and the Dynamics of Reduced Development: Long Cycles and Industrialised Growth in Historical Context.

London: Macmillan.

Makasheva, Natalia; Samuels, Burrow J.; and Barnett, Vincent, system. (1998). The Works of Nikolai D. Kondratiev.

London: Pickering and Chatto.

Vincent Barnett