Abstract
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.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Abramovitz, M. 1968. The passing of the Kuznets cycle. Economica 35: 349–367.
Aftalion, A. 1913. Les crises periodiques de surproduction. Paris: Marcel Rivière.
Beenstock, M. 1983. The world economy in transition. London: George Allen & Unwin.
Bieshaar, H., and A. Kleinknecht. 1986. Kondratieff long waves in aggregate output? An econometric test. Konjunkturpolitik 30: 279–303.
Clarke, H. 1847. Physical economy – A preliminary inquiry into the physical laws governing the periods of famine and panics. Railway Register.
De Wolff, S. 1924. Prosperitäts- und Depressionsperioden. In Der lebendige Marxismus: Festgabe zum 70 Geburtstage von Karl Kautsky, ed. O. Jensen. Jena: Thuringer Verlagsanstalt.
Freeman, C., and F. Louçã. 2001. As time goes by: From the industrial revolutions to the information revolution. Oxford: Oxford University Press.
Garvy, G. 1943. Kondratieff’s theory of long cycles. Review of Economics and Statistics 25(4): 203–219.
Gordon, R. 1999. U.S. economic growth since 1870: One big wave? American Economic Review 89(2): 123–128.
Hickman, B. 1974. What became of the building cycle? In Nations and households in economic growth: Essays in honor of Moses Abramovitz, ed. P. David and M. Reder. New York/London: Academic Press.
Kleinknecht, A. 1987. Innovation patterns in crisis and prosperity: Schumpeter’s long cycle reconsidered. London: Macmillan.
Kondratieff, N. 1922. Mirovoe khoziastvo i ego kon’iunktury vo vremia i posle viony. [The world economy and its cycles during and after the war] Vologda: Oblastnoe Otdelenie Gosudartsvennogo Izdatelstva.
Kondratieff, N. 1924. On the notion of economic statics, dynamics, and fluctuations. Sotsialisticheskoe Khoziaistvo (2): 349–382. An abridged English translation appears as ‘The static and dynamic view of economics’, Quarterly Journal of Economics 39(1925): 575–583.
Kondratieff, N. 1925. The major economic cycles. Voprosy kon’iunktury 1: 28–79. An abridged English translation appears as ‘The long waves in economic life’, Review of Economic Statistics 17(6) (1935): 105–115. A complete translation can be found in Review: A Journal of the Fernand Braudel Center 2(1979) (1935): 519–562.
Kondratieff, N. 1926. Long cycles of economic conjuncture. Translated in The works of Nikolai D Kondratiev, vol. 1, ed. N. Makasheva, W. Samuels, and V. Barnett. London: Pickering & Chatto., 1998.
Kuznets, S. 1940. Schumpeter’s business cycles. American Economic Review 30: 257–271.
Lenoir, M. 1913. Etudes sur la formation et le mouvement des prix. Paris: M. Giard.
Lévy-Leboyer, M. 1978. Capital investment and economic growth in France. In The Cambridge economic history of Europe, ed. P. Mathias and M. Postan. Cambridge: Cambridge University Press.
Lewis, W. 1978. Growth and fluctuations 1870–1913. London: George Allen & Unwin.
Lewis, W. 1981. The rate of growth of world trade, 1830–1973. In The world economic order: Past and prospects, ed. S. Grassman and E. Lundberg. London: Macmillan.
Lipsey, R., C. Bekar, and K. Carlaw. 2005. Economic transformations. Oxford: Oxford University Press.
Maddison, A. 1982. Phases of capitalist development. Oxford: Oxford University Press.
Maddison, A. 1995. Monitoring the world economy, 1820–1992. Paris: OECD.
Makasheva, N., W. Samuels, and V. Barnett. 1998. The works of Nikolai D. Kondratiev, 4 vols. London: Pickering & Chatto.
Matthews, R., C. Feinstein, and J. Odling-Smee. 1982. British economic growth, 1856–1973. Oxford: Clarendon Press.
Mensch, G. 1979. Stalemate in technology: innovations overcome the depression. Cambridge, MA: Ballinger.
Metz, R. 1992. A re-examination of long waves in aggregate production series. In New findings in long-wave research, ed. A. Kleinknecht, E. Mandel, and I. Wallerstein. London: Macmillan.
Rosenberg, N., and C. Frischtak. 1983. Long waves and economic growth: A critical appraisal. American Economic Review 73(2): 146–151.
Rostow, W. 1980. Why the poor get richer and the rich slow down: Essays in the Marshallian long period. London: Macmillan.
Schumpeter, J. 1939. Business cycles: A theoretical, historical and statistical analysis of the capitalist process. New York: McGraw-Hill.
Solomou, S. 1986. Non-balanced growth and Kondratieff waves in the world economy, 1850–1913. Journal of Economic History 46: 165–171.
Solomou, S. 1987. Phases of economic growth 1850–1973: Kondratieff waves and Kuznets swings. Cambridge: Cambridge University Press.
Spiethoff, A. 1925. Krisen. In Handwörterbuch der Staatswissenschaften. Jena: G. Fischer. An abridged translation appears as ‘Business cycles’, International Economic Papers 3. London/New York: Macmillan, 1953.
Tugan-Baranovsky, M. 1894. Promyshlennye krizisy v sovremennoi Anglii. St Petersburg. Translated into French as Les Crises industrielles en Angleterre. Paris: M.Giard & E. Brière, 1913.
Van Duijn, J. 1983. The long wave in economic life. London: George Allen & Unwin.
Van Ewijk, C. 1981. The long wave – A real phenomenon? De Economist 129: 324–372.
Van Gelderen, J. alias J. Fedder. 1913. Springtide: Reflections on industrial development and price movements. De Nieuwe Tijd 18. Reprinted in C. Freeman, ed., Long wave theory. Cheltenham: Edward Elgar, 1996.
Wicksell, K. 1898. Geldzins und Guterpreise. Jena: G. Fischer. Translated into English as Interest and prices: A study of the causes regulating the value of money. New York: Augustus Kelley, 1965.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Solomou, S.N. (2018). Kondratieff Cycles. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_780
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_780
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences