The Kondratieff Waves
- ISBN-10
- 0275921492
- ISBN-13
- 9780275921491
- Category
- Business & Economics / Development / Economic Development
- Pages
- 247
- Language
- English
- Published
- 1987
- Publisher
- Praeger
- Author
- Nathan H. Mager
Description
Nikolai Kondratieff was a Russian economist who first advanced the idea that an industrial economy--be it free market or socialist--goes through long waves of growth and decline. He identified 40-60 year waves, going as far back as 1790, by studying the wholesale prices, interest rates, wages, and production. This book takes a serious look at Kondratieff's Wave Theory in light of current evidence and experience. Mager presents, for the first time, a comprehensive description of the long waves of economic expansion and contraction and outlines its cycles.
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