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.

Nikolai d kondratieff biography of martin luther Stronger economies such as those of Europe and North America were able to hang on until the last moment, then fall off into the much less serious deflationary contraction. Vestnik RAN 64 2 : — In , the Soviet authorities officially rehabilitated Kondratiev. Support of the People's Commissariat [ edit ].

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.

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.

Nikolai d kondratieff biography of martin Yet, Kondratieff declined this offer, as he believed that his place was in Russia. On May 1, , Kondratieff was fired from the Conjuncture Institute, and the institute itself was closed down soon afterwards. Goldstein J. He moved to Moscow where he served as an economist in various state departments, combining this activity with teaching.

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

Vincent Barnett