Named after Russian-born economist NIKOLAI KONDRATIEFF (1892-1938), Kondratieff cycles refers to trade cycle of long duration.
KONDRATIEFF studied American, British and French wholesale prices and interest rates from the 18th century, and found that the peaks and troughs in economic activity fell at regular intervals.
Joseph Schumpeter applied the term ‘Kondriatieff cycles’ to cycles of 50-60 years in duration. Harvard economists conducted similar work into British wheat prices from the 13th century and found cycles lasting 54 years.
Also see: business cycle, sunspot theory, product life-cycle theory, acceleration principle, fine tuning, multiplier-accelerator, political business cycle
J J van Duijin, The Long Wave in Economic Life (London, 1983)
2 thoughts on “long wages”
I really enjoy looking at on this internet site, it has got fantastic articles.
No matter if some one searches for his vital thing, so he/she desires to be available that in detail, therefore that thing is maintained over here.|