Nikolai d kondratieff biography definition

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

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

Fulfil first major work was fine detailed study of the Native grain market, and in 1921 he created the world-famous Crux Institute in Moscow. In 1922 he published his first dispense with of long cycles. These were approximately fifty-year economic cycles, rout in price levels and barter statistics, which appeared to stimulate (or be provoked by) intricate innovations and social upheavals, sit which were caused by character periodic renewal of basic ready money goods.

This idea, subsequently entitled the Kondratiev cycle, has antiquated very influential among non-mainstream economists and is even employed hunk historians and stock market analysts, but it is fundamentally tricky by more orthodox economists.

From guts the People's Commissariat of Frugality, Kondratiev also wrote insightful comment on the economic development publicize Russia, particularly on agriculture good turn planning methodology, and advocated far-out market-led industrialization strategy for righteousness USSR.

This involved specializing top the export of agricultural assemble in the short term tear order to fund industrial awaken in the medium term, improve line with the Ricardian conception of comparative advantage. This fit received impetus from Kondratiev's animation overseas in 1924 and 1925, and was crystallized in Kondratiev's plan for agriculture and dendrology from 1924 to 1928.

Much thinking was anathema to Josef Stalin, who had Kondratiev hinder in 1930, jailed for character years, and finally shot.

While in jail, Kondratiev wrote a book on economic state as well as moving hand to his wife on glory human condition.

See also: agriculture; low-cost growth, soviet; industrialization, soviet

bibliography

Barnett, Vincent. (1998). Kondratiev and the Mechanics of Economic Development: Long Cycles and Industrial Growth in Recorded Context.

London: Macmillan.

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

Vincent Barnett