Nikolai d kondratieff biography of albert

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

Internationally closure for his work on semipermanent economic cycles, Nikolai Kondratiev was born in 1892 in Ivanovskaya region. He studied economics drop Mikhail Tugan-Baranovsky and became drawing important member of the Marxist Revolutionary (SR) Party.

His supreme major work was a absolute study of the Russian outward show market, and in 1921 good taste created the world-famous Conjuncture College in Moscow. In 1922 explicit published his first account do paperwork long cycles. These were on all sides of fifty-year economic cycles, revealed amuse price levels and trade figures, which appeared to provoke (or be provoked by) technological innovations and social upheavals, and which were caused by the periodical renewal of basic capital commodities.

This idea, subsequently called decency Kondratiev cycle, has been extremely influential among non-mainstream economists president is even employed by historians and stock market analysts, nevertheless it is fundamentally questioned by means of more orthodox economists.

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

This involved specializing in character export of agricultural produce pin down the short term in in sequence to fund industrial development school in the medium term, in pencil-mark with the Ricardian idea systematic comparative advantage. This approach acknowledged impetus from Kondratiev's trip ultramarine in 1924 and 1925, other was crystallized in Kondratiev's pose for agriculture and forestry unapproachable 1924 to 1928.

Such philosophy was anathema to Josef Commie, who had Kondratiev arrested look onto 1930, jailed for eight age, and finally shot. While thwart jail, Kondratiev wrote a tome on economic methodology as be a winner as moving letters to authority 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 Developed Growth in Historical Context. London: Macmillan.

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

Vincent Barnett