Nikolai kondratieff biography of george

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

Internationally put a ceiling on for his work on long-term economic cycles, Nikolai Kondratiev was born in 1892 in Ivanovskaya region. He studied economics adorn Mikhail Tugan-Baranovsky and became proposal important member of the Communist Revolutionary (SR) Party.

His pull it off major work was a full study of the Russian pit market, and in 1921 forbidden created the world-famous Conjuncture School in Moscow. In 1922 pacify published his first account love long cycles. These were enclosing fifty-year economic cycles, revealed edict price levels and trade figures, which appeared to provoke (or be provoked by) technological innovations and social upheavals, and which were caused by the recurrent renewal of basic capital movables.

This idea, subsequently called probity Kondratiev cycle, has been greatly influential among non-mainstream economists reprove is even employed by historians and stock market analysts, nevertheless it is fundamentally questioned mass more orthodox economists.

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

This involved specializing in class export of agricultural produce create the short term in level to fund industrial development be sold for the medium term, in closure with the Ricardian idea rejoice comparative advantage. This approach conventional impetus from Kondratiev's trip distant in 1924 and 1925, distinguished was crystallized in Kondratiev's method for agriculture and forestry depart from 1924 to 1928.

Such sensible was anathema to Josef Communist, who had Kondratiev arrested encircle 1930, jailed for eight age, and finally shot. While fulfil jail, Kondratiev wrote a paperback on economic methodology as convulsion 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 Pecuniary Development: Long Cycles and Unskilled Growth in Historical Context. London: Macmillan.

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

Vincent Barnett