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The Theory of Long Waves: Kondratiev, Trotsky, Mandel
“At the mention of long cycles, most economists will recall Joseph Schumpeter’s classic study, Business Cycles. In that work Schumpeter referred to cyclical movements of approximately fifty years in length as ‘Kondratievs’, after the Russian economist N. D. Kondratiev, who was one of the first writers to attempt . . .” read more