The Long Waves in Economic Life Kondratieff Nikolai D.Paperback
The Long Waves in Economic Life Kondratieff Nikolai D.Paperback 2014 Reprint of 1935 English Translation. Not reproduced with Optical Recognition Software. Full facsimile of the original edition.…
Specifikacia The Long Waves in Economic Life Kondratieff Nikolai D.Paperback
The Long Waves in Economic Life Kondratieff Nikolai D.Paperback
2014 Reprint of 1935 English Translation. Not reproduced with Optical Recognition Software. Full facsimile of the original edition.
Unlike the short-term business cycle, the long wave of this theory is not accepted by current mainstream economics. Originally published in 1926, Kondratieff's theory claims that the period of the wave ranges from forty to sixty years, and that the cycles consist of alternating intervals of high growth with slower growth. In 1939, Joseph Schumpeter suggested naming the cycles "Kondratieff waves" in his honor and the term has stuck.
The theory has had more influence with critics of the modern economic system than with its defenders, but remains relevant to this day.
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