Nikolai d kondratieff biography of alberta

Soviet economist.

Nikolai Dimitrievich Kondratiev studied at the University of St. Petersburg, where he took courses taught by Mikhail Tugan-Baranowsky and other economists.

In October 1920 he founded the Institute of Business Cycle Analysis in Moscow, which by 1923 had become a large and respected center employing more than fifty researchers. Between 1923 and 1925 he worked on a five-year plan for Soviet agriculture.

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As a supporter of the New Economic Policy (NEP), he favored the primacy of agriculture and the production of consumer goods over the development of heavy manufacturing. On the scientific front, in the 1920s he published several books and articles on long wave cycles.

He stated that the capitalist economy was characterized by a succession of long periods of expansion and decline, implicitly rejecting the Marxist notion of an imminent collapse of capitalism. These "unorthodox" ideas and Kondratiev's sympathy for NEP aroused