The Long Waves in Economic Life

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.

Author: Nikolai D. Kondratieff
Publisher: Martino Fine Books
Published: 09/12/2014
Pages: 28
Binding Type: Paperback
Weight: 0.12lbs
Size: 9.00h x 6.00w x 0.07d
ISBN13: 9781614276975
ISBN10: 1614276978
BISAC Categories:
- Literary Collections | General
- Business & Economics | Economics | Theory
- Business & Economics | Economic Conditions

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