The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Kondratieff Cycles

  • S. N. Solomou
Reference work entry


Kondratieff cycles are defined as regular variations in economic growth and price movements with a periodicity of 50–60 years. Although the balance of the evidence suggests that such regular cycles probably do not exist, this conclusion does not amount to a dismissal of the idea of long-term cyclicality. In fact, it is quite clear that various forms of long-term cycles are an observed empirical phenomenon.


Aftalion, A. Austrian economics Capital accumulation Clarke, H. De Wolff, S. Garvy, G. General purpose technologies Helphand, A. Innovation Juglar trade cycle Kondratieff cycles Kuznets swings Lenoir, M. Long cycles Long waves Marx, K. Product life cycle Schumpeter, S. Spectral analysis Spiethoff, A. Technical change Tugan-Baranovsky, M. Van Gelderen, J. Wicksell, J. 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • S. N. Solomou
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