Kondratiev Wave

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Kondratiev Wave

A theory stating that capitalist economies go through phases much longer than ordinary business cycles. That is, capitalist economies have cycles of 45-60 years, where they perform alternately well and then poorly. The cycle then starts over. For example, the Second Industrial Revolution lasted from approximately 1850 to 1900; the global economy performed well in the first half of the cycle and was characterized by depression in the second half. Kondratiev wave theory was proposed by a Soviet economist and is more popular in Marxist circles than outside of them. See also: Kremlinomics.
References in periodicals archive ?
Long waves in the economy: a multifactor analysis [Dlinnye volny v ekonomike: mnogofaktorny analiz].
The inverse scattering technique proposed in [1] plays an important role in constructing the complete solution of the long wave and short wave resonance equations.
ABSTRACT: The aim of this research was to deal with coupled problem of the symmetric regularized long wave equations.
The GPA has undertaken a number of studies dating back to 2000 where long waves, swell waves and ship movements have been measured and hydro dynamically modelled with a view to ameliorating the problem, improving berth safety and increasing berth availability.
The RLW equation is a special case of the generalized regularized long wave (GRLW) equation
As Kondratiev wrote: "The long waves really belong to the same complex dynamic process in which the intermediate cycles of the capitalistic economy with their principal phases of upswing and depression run their course.
In the fourth article, Thomas Synnott, 3rd looks at the evidence for a "long wave" in inflation and interest rates.
Ultimately, however, the author reminds the reader that the first three long waves ended in "the triumph of a moderate constitutional regime" (p.
(8) This reference to long wave motion for the states is purely short-hand language, and does not mean to imply that long waves motion necessarily operates for the states, as distinct from the national (or global) economy.
Low-E coating allows short waves to pass through the glass, but not long waves. So, heat from the long waves, typical in the summer months, can't wreak havoc on the cooling bill, while the short waves of winter months can yield extra warmth when it's needed most.