Nikolai Kondratiev
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Nikolai Kondratiev
Nikolai Dmitriyevich Kondratiev (; also Kondratieff; Russian language, Russian: Никола́й Дми́триевич Кондра́тьев; 4 March 1892 – 17 September 1938) was a Russian Soviet Union, Soviet economist and proponent of the New Economic Policy (NEP) best known for the business cycle theory known as Kondratiev waves. Kondratiev became an early leading figure of Soviet economics and promoted the NEP's system of small private Market (economics), free market enterprises in the Soviet Union. Kondratiev's theory that Western capitalism, capitalist economies have long term (50-to-60-year) cycles of Boom and bust, boom followed by depression (economics), depression gained recognition inside and outside the Soviet Union. Vincent BarnettNikolai Dmitriyevich Kondratiev Encyclopedia of Russian History, 2004, at Encyclopedia.com. Kondratiev was condemned and imprisoned in 1930, but continued to work until his execution during the Great Purge in 1938. Some of his work was ...
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Marxian Economics
Marxian economics, or the Marxian school of economics, is a Heterodox economics, heterodox school of political economic thought. Its foundations can be traced back to Karl Marx, Karl Marx's Critique of political economy#Marx's critique of political economy, critique of political economy. However, unlike Critique of political economy, critics of political economy, Marxian economists tend to accept the concept of economy, the economy prima facie. Marxian economics comprises several different theories and includes multiple schools of thought, which are sometimes opposed to each other; in many cases Marxian analysis is used to complement, or to supplement, other economic approaches. Because one does not necessarily have to be politically Marxism, Marxist to be economically Marxian, the two adjectives coexist in usage, rather than being synonymous: They share a semantic field, while also allowing both connotation, connotative and denotation, denotative differences. Marxian economics ...
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