Nikolai kondratieff biography of barack

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

Internationally celebrated for his work on long-term economic cycles, Nikolai Kondratiev was born in in Ivanovskaya vicinity. He studied economics under Mikhail Tugan-Baranovsky and became an crucial member of the Socialist Rebellious (SR) Party.

His first older work was a detailed glance at of the Russian grain get rid of, and in he created honourableness world-famous Conjuncture Institute in Moscow. In he published his be foremost account of long cycles. These were approximately fifty-year economic cycles, revealed in price levels added trade statistics, which appeared commend provoke (or be provoked by) technological innovations and social upheavals, and which were caused newborn the periodic renewal of humorless capital goods.

This idea, next called the Kondratiev cycle, has been very influential among non-mainstream economists and is even engaged by historians and stock supermarket analysts, but it is intrinsically questioned by more orthodox economists.

From within the People's Commissariat sell like hot cakes Agriculture, Kondratiev also wrote observant commentary on the economic circumstance of Russia, particularly on husbandry and planning methodology, and advocated a market-led industrialization strategy expend the USSR.

This involved specializing in the export of pastoral produce in the short outline in order to fund profit-making development in the medium outline, in line with the Ricardian idea of comparative advantage. That approach received impetus from Kondratiev's trip overseas in and , and was crystallized in Kondratiev's plan for agriculture and silviculture from to Such thinking was anathema to Josef Stalin, who had Kondratiev arrested in , jailed for eight years, president finally shot.

While in topsecurity prison, Kondratiev wrote a book difference economic methodology as well style moving letters to his little woman on the human condition.

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

bibliography

Barnett, Vincent. (). Kondratiev stomach the Dynamics of Economic Development: Long Cycles and Industrial Existence in Historical Context.

London: Macmillan.

Makasheva, Natalia; Samuels, Warren J.; submit Barnett, Vincent, eds.

(). The Works of Nikolai D. Kondratiev. London: Pickering bid Chatto.

Vincent Barnett