Code: 08801092

Long Waves in Economic Life

Name: Long Waves in Economic Life
Brand: Martino Fine Books
SKU: 08801092
Price: 8.12 EUR
Availability: InStock

by Nikolai D Kondratieff

Language: English
Binding: Paperback
Number of pages: 28
Publisher: Martino Fine Books, 2014
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Book synopsis

2014 Reprint of 1935 English Translation. Full facsimile of the original edition. Not reproduced with Optical Recognition Software. 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. Unlike the short-term business cycle, the long wave of this theory is not accepted by current mainstream economics. 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.