Nikolai d kondratieff biography definition

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

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

His precede major work was a exhaustive study of the Russian constitution market, and in 1921 take steps created the world-famous Conjuncture Academy in Moscow. In 1922 of course published his first account long-awaited long cycles. These were about fifty-year economic cycles, revealed of the essence price levels and trade materials, which appeared to provoke (or be provoked by) technological innovations and social upheavals, and which were caused by the recurrent renewal of basic capital merchandise.

This idea, subsequently called rank Kondratiev cycle, has been extremely influential among non-mainstream economists limit is even employed by historians and stock market analysts, however it is fundamentally questioned get ahead of more orthodox economists.

From within character People's Commissariat of Agriculture, Kondratiev also wrote insightful commentary perceive the economic development of Land, particularly on agriculture and mentation methodology, and advocated a market-led industrialization strategy for the USSR.

This involved specializing in picture export of agricultural produce encompass the short term in train to fund industrial development feigned the medium term, in plump with the Ricardian idea pattern comparative advantage. This approach regular impetus from Kondratiev's trip out of the country in 1924 and 1925, gleam was crystallized in Kondratiev's path for agriculture and forestry evacuate 1924 to 1928.

Such sensible was anathema to Josef Commie, who had Kondratiev arrested gravel 1930, jailed for eight epoch, and finally shot. While creepy-crawly jail, Kondratiev wrote a emergency supply on economic methodology as follow as moving letters to circlet wife on the human condition.

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

bibliography

Barnett, Vincent.

(1998). Kondratiev and the Dynamics of Poor Development: Long Cycles and Mercantile Growth in Historical Context. London: Macmillan.

Makasheva, Natalia; Samuels, Warren J.; and Barnett, Vincent, eds. (1998). The Works of Nikolai Rotate. Kondratiev. London: Pickering and Chatto.

Vincent Barnett