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📖The Story Of Nikolai Kondratiev
Founder Of The Kondratiev Wave
A Tragedy Of The Utopian Vision
"Nikolai Dmitriyevich Kondratiev (/also Kondratieff);
4 March 1892 – 17 September 1938)
Was a Russian Soviet economist best known for the business cycle theory known as Kondratiev waves.
Kondratiev’s Paper on the Notion of Economic Statics, Dynamics and Fluctuations, published in 1924, conclusions were as follows.
1. Prosperity years were most common in the capitalist economies during upswing periods.
2. Agriculture suffered more and long depressions than did industry during price downswings
3. Major technological innovations were conceived in downswing periods but were developed in upswing periods
4. Gold supply increased, and new markets were opened at the beginning of an upswing
5. The most extensive and devastating wars occurred during periods of an upswing[11](Mager, 1987, p. 27)
These conclusions showed that Capitalism was sustainable, to the disdain of Communist officials. This was a primary reason for his execution in 1938.
Famous Austrian economist, Joseph Schumpeter credited the foundations of Long Wave Theory to Nikolai Kondratiev. He coined the term "Kondratiev Waves" (k-waves)in respect for Nikolai Kondratiev
According to the late Harvard sociologist Carle C. Zimmerman, Kondratiev was reported to Soviet authorities by a member of the University of Minnesota agriculture faculty in 1927
In September 1938 during Stalin's Great Purge, he was subjected to a second trial, condemned to ten years without the right to correspond with the outside world. However, Kondratiev was executed at the Kommunarka shooting ground by firing squad on the same day the sentence was issued. Kondratiev was 46 at the time of his execution.""
en.wikipedia.org/wiki/Nikolai_Kondratiev
en.wikipedia.org/wiki/Kondratiev_wave
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