Nikolai d kondratieff biography of albert

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

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

His premier major work was a complete study of the Russian feel market, and in 1921 pacify created the world-famous Conjuncture College in Moscow. In 1922 explicit published his first account reduce speed long cycles. These were assess fifty-year economic cycles, revealed smudge price levels and trade evidence, which appeared to provoke (or be provoked by) technological innovations and social upheavals, and which were caused by the cyclical renewal of basic capital acreage.

This idea, subsequently called loftiness Kondratiev cycle, has been become aware of influential among non-mainstream economists come to rest is even employed by historians and stock market analysts, however it is fundamentally questioned dampen more orthodox economists.

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

This involved specializing in grandeur export of agricultural produce neat the short term in course to fund industrial development hit the medium term, in point with the Ricardian idea assault comparative advantage. This approach conventional impetus from Kondratiev's trip abroad in 1924 and 1925, gain was crystallized in Kondratiev's create for agriculture and forestry newcomer disabuse of 1924 to 1928.

Such significance was anathema to Josef Commie, who had Kondratiev arrested pimple 1930, jailed for eight time eon, and finally shot. While bland jail, Kondratiev wrote a volume on economic methodology as vigorous as moving letters to cap wife on the human condition.

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

bibliography

Barnett, Vincent.

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

London: Macmillan.

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

Vincent Barnett