Nikolai d kondratieff biography of martin

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

Internationally renowned for his work on long-run economic cycles, Nikolai Kondratiev was born in in Ivanovskaya region. He studied economics under Mikhail Tugan-Baranovsky and became an important member of the Socialist Revolutionary (SR) Party.

His first major work was a detailed study of the Russian grain market, and in he created the world-famous Conjuncture Institute in Moscow. In he published his first account of long cycles. These were approximately fifty-year economic cycles, revealed in price levels and trade statistics, which appeared to provoke (or be provoked by) technological innovations and social upheavals, and which were caused by the periodic renewal of basic capital goods.

This idea, subsequently called the Kondratiev cycle, has been very influential among non-mainstream economists and is even employed by historians and stock market analysts, but it is fundamentally questioned by more orthodox economists.

From within the People's Commissariat of Agriculture, Kondratiev also wrote insightful commentary on the economic development of Russia, particularly on agriculture and planning methodology, and advocated a market-led industrialization strategy for the USSR.

Nikolai d kondratieff biography of martin lawrence Cite this article Pick a style below, and copy the text for your bibliography. It was during this trip that he met for the last time his old friend Pitirim Sorokin who suggested that Kondratieff could get a position as departmental head in one of the American universities. Menshikov S. The aim of that struggle was not only to determine the course of the further movement of the country; this was also a struggle for power — and so it was extremely fierce.

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

While in jail, Kondratiev wrote a book on economic methodology as well as moving letters to his wife on the human condition.

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

bibliography

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

London: Macmillan.

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

Nikolai d kondratieff biography of martin Cambridge: Cambridge University Press. The deflation can best be seen in interest rates and wages that have shown a historic alignment with the timing of the Long Wave—peaking with and bottoming at the extremes. Some get recognition quite fast and easily, some get it towards the end of the life; some die in obscurity but get posthumous fame; some are only remembered a hundred years after their death. Though Kondratieff made a number of successful forecasts, he could not forecast his own fate ….

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

Vincent Barnett