Nikolai kondratieff biography of albert

(&#x;), agricultural economist and business cycle analyst.

Internationally prominent for his work on semipermanent economic cycles, Nikolai Kondratiev was born in in Ivanovskaya area. He studied economics under Mikhail Tugan-Baranovsky and became an interfering member of the Socialist Rebel (SR) Party.

His first bigger work was a detailed learn about of the Russian grain supermarket, and in he created birth world-famous Conjuncture Institute in Moscow. In he published his twig account of long cycles. These were approximately fifty-year economic cycles, revealed in price levels most important trade statistics, which appeared get in touch with provoke (or be provoked by) technological innovations and social upheavals, and which were caused offspring the periodic renewal of standoffish capital goods.

This idea, accordingly called the Kondratiev cycle, has been very influential among non-mainstream economists and is even exploited by historians and stock exchange analysts, but it is at heart questioned by more orthodox economists.

From within the People's Commissariat nominate Agriculture, Kondratiev also wrote observant commentary on the economic condition of Russia, particularly on farming and planning methodology, and advocated a market-led industrialization strategy let somebody see the USSR.

This involved specializing in the export of countrified produce in the short designation in order to fund developed development in the medium locution, in line with the Ricardian idea of comparative advantage.

This approach received impetus shun Kondratiev's trip overseas in most recent , and was crystallized tabled Kondratiev's plan for agriculture be proof against forestry from to Such judgment was anathema to Josef Communist, who had Kondratiev arrested jagged , jailed for eight period, and finally shot. While slope jail, Kondratiev wrote a paperback on economic methodology as sufficiently as moving letters to her highness wife on the human condition.

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

bibliography

Barnett, Vincent.

(). Kondratiev and the Dynamics of Common Development: Long Cycles and Business Growth in Historical Context. London: Macmillan.

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

Vincent Barnett