The Kondratieff Waves

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.Mager, Nathan H. is the author of 'The Kondratieff Waves', published 1986 under ISBN 9780275921491 and ISBN 0275921492.