A long-term cycle present in capitalist economies that represents long-term, high-growth and low-growth economic periods. This theory was founded by Nikolai D. Kondratieff (also spelled Kondratiev), a Communist Russia era economist who noticed an approximately 50-year cycle in European agricultural commodity prices and copper prices. Kondratieff believed that these long cycles were a feature of the economic activity of capitalist nations, and that they involved periods of evolution and self-correction. Also known as Kondratiev waves, supercylces, K-waves, surges or long waves. niftyelliottwave.blogspot
Posted on: Fri, 10 Oct 2014 06:15:48 +0000